Simmons First National (NASDAQ:SFNC) PT Lowered to $21.00

Simmons First National (NASDAQ:SFNC) had its price objective cut by Stephens from $22.00 to $21.00 in a report published on Thursday, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Several other research firms have also recently weighed in on SFNC. Robert W. Baird boosted their price target on shares of Simmons First National from $20.00 to $22.00 and gave the stock a neutral rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods dropped their target price on shares of Simmons First National from $21.00 to $20.00 and set a market perform rating on the stock in a research note on Thursday. Finally, StockNews.com cut shares of Simmons First National from a hold rating to a sell rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, Simmons First National has an average rating of Hold and an average price target of $21.00.

Simmons First National Stock Down 2.0 %

Simmons First National stock opened at $17.50 on Thursday. Simmons First National has a fifty-two week low of $13.36 and a fifty-two week high of $20.82. The stock has a market cap of $2.19 billion, a PE ratio of 13.16 and a beta of 0.87. The firm’s 50-day simple moving average is $18.75 and its 200 day simple moving average is $18.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.32 earnings per share for the quarter, hitting 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 business had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $202.35 million. During the same period in the previous year, the company earned $0.37 earnings per share. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. Research analysts predict that Simmons First National will post 1.35 EPS for the current fiscal year.

Simmons First National Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SFNC. Simmons Bank lifted its stake in shares of Simmons First National by 9.8% during the 4th quarter. Simmons Bank now owns 1,977,793 shares of the bank’s stock valued at $39,239,000 after buying an additional 175,716 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Simmons First National by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,603,937 shares of the bank’s stock valued at $31,822,000 after buying an additional 69,560 shares in the last quarter. Norges Bank purchased a new stake in shares of Simmons First National during the 4th quarter valued at approximately $27,751,000. Goldman Sachs Group Inc. lifted its stake 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 in the last quarter. Finally, LSV Asset Management lifted its stake in shares of Simmons First National by 5.7% during the 3rd quarter. LSV Asset Management now owns 630,600 shares of the bank’s stock valued at $10,695,000 after buying an additional 33,770 shares in 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.