Simmons First National (NASDAQ:SFNC) Price Target Lowered to $20.00 at Keefe, Bruyette & Woods

Simmons First National (NASDAQ:SFNC) had its price target decreased by Keefe, Bruyette & Woods from $21.00 to $20.00 in a research note issued to investors on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Other equities analysts also recently issued research reports about the company. Robert W. Baird boosted their target price on Simmons First National from $20.00 to $22.00 and gave the stock a neutral rating in a research note on Thursday, January 25th. StockNews.com lowered Simmons First National from a hold rating to a sell rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, Simmons First National has an average rating of Hold and an average target price of $21.00.

Simmons First National Trading Down 2.0 %

Shares of Simmons First National stock opened at $17.50 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $18.75 and a 200 day simple moving average of $18.00. Simmons First National has a 12-month low of $13.36 and a 12-month high of $20.82. The company has a market capitalization of $2.19 billion, a P/E ratio of 13.16 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. The company had revenue of $195.10 million during the quarter, compared to the consensus estimate of $202.35 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, sell-side analysts anticipate that Simmons First National will post 1.35 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.80%. The ex-dividend date is Friday, June 14th. Simmons First National’s dividend payout ratio is 63.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Denali Advisors LLC bought a new stake in shares of Simmons First National in the 1st quarter worth approximately $3,577,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Simmons First National in the first quarter worth $227,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Simmons First National by 48.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 31,547 shares of the bank’s stock valued at $631,000 after buying an additional 10,312 shares during the period. Fisher Asset Management LLC lifted its position in shares of Simmons First National by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 532,415 shares of the bank’s stock valued at $10,563,000 after buying an additional 2,415 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Simmons First National by 54.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 992,678 shares of the bank’s stock valued at $19,695,000 after buying an additional 349,534 shares during the last quarter. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Simmons First National Company Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.