Simmons First National (NASDAQ:SFNC) Upgraded to “Hold” at Wall Street Zen

Simmons First National (NASDAQ:SFNC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other research firms have also commented on SFNC. Keefe, Bruyette & Woods lowered their price target on shares of Simmons First National from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. Piper Sandler upgraded shares of Simmons First National from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $20.00 to $21.00 in a research report on Monday, April 21st. Finally, Stephens lowered their price target on shares of Simmons First National from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, April 21st.

Simmons First National Stock Up 1.9%

SFNC stock opened at $20.06 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.80 and a quick ratio of 0.80. Simmons First National has a 1-year low of $17.20 and a 1-year high of $25.95. The firm has a fifty day moving average price of $19.26 and a two-hundred day moving average price of $20.20. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 15.80 and a beta of 0.92.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Thursday, July 17th. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Simmons First National had a net margin of 11.19% and a return on equity of 5.24%. The firm had revenue of $214.18 million during the quarter, compared to analyst estimates of $217.21 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts predict that Simmons First National will post 1.66 EPS for the current year.

Institutional Investors Weigh In On Simmons First National

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Simmons First National in the 4th quarter valued at about $1,018,000. HighTower Advisors LLC lifted its holdings in Simmons First National by 4.3% in the 4th quarter. HighTower Advisors LLC now owns 19,600 shares of the bank’s stock valued at $435,000 after acquiring an additional 812 shares during the last quarter. Swiss National Bank lifted its holdings in Simmons First National by 0.8% in the 4th quarter. Swiss National Bank now owns 246,986 shares of the bank’s stock valued at $5,478,000 after acquiring an additional 1,900 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Simmons First National by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 205,479 shares of the bank’s stock valued at $4,558,000 after acquiring an additional 4,440 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Simmons First National by 32.1% in the 4th quarter. Natixis Advisors LLC now owns 20,606 shares of the bank’s stock valued at $457,000 after acquiring an additional 5,006 shares during the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.

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.