Simmons First National Corporation (NASDAQ:SFNC) Given Average Rating of “Hold” by Analysts

Shares of Simmons First National Corporation (NASDAQ:SFNC) have received an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $22.3333.

SFNC has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their target price on Simmons First National from $22.00 to $21.00 and set a “market perform” rating on the stock in a report on Monday, October 20th. DA Davidson increased their target price on Simmons First National from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Morgan Stanley initiated coverage on Simmons First National in a report on Tuesday, October 28th. They set a “positive” rating and a $22.00 target price on the stock. Wall Street Zen raised Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Simmons First National in a report on Wednesday, October 8th.

Simmons First National Stock Down 0.1%

SFNC stock opened at $17.38 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of -5.93 and a beta of 0.94. The business’s fifty day moving average price is $19.46 and its two-hundred day moving average price is $19.31. Simmons First National has a fifty-two week low of $17.06 and a fifty-two week high of $25.95.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Thursday, October 16th. The bank reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $232.54 million for the quarter, compared to the consensus estimate of $103.26 million. Simmons First National had a positive return on equity of 5.84% and a negative net margin of 29.70%.The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. On average, equities analysts anticipate that Simmons First National will post 1.66 earnings per share for the current year.

Simmons First National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, September 15th. Simmons First National’s dividend payout ratio is -29.01%.

Insider Buying and Selling at Simmons First National

In related news, EVP David W. Garner bought 3,000 shares of Simmons First National stock in a transaction dated Wednesday, October 22nd. The shares were bought at an average cost of $17.66 per share, with a total value of $52,980.00. Following the acquisition, the executive vice president owned 72,345 shares in the company, valued at $1,277,612.70. This trade represents a 4.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Russell William Teubner bought 9,200 shares of Simmons First National stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $18.62 per share, for a total transaction of $171,304.00. Following the completion of the acquisition, the director owned 53,220 shares in the company, valued at $990,956.40. This represents a 20.90% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 14,200 shares of company stock worth $261,544. 1.44% of the stock is currently owned by insiders.

Institutional Trading of Simmons First National

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in Simmons First National by 197.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after buying an additional 1,104 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Simmons First National by 32.0% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock valued at $50,000 after buying an additional 644 shares in the last quarter. GAMMA Investing LLC boosted its stake in Simmons First National by 35.2% in the second quarter. GAMMA Investing LLC now owns 3,426 shares of the bank’s stock valued at $65,000 after buying an additional 892 shares in the last quarter. SouthState Corp acquired a new stake in Simmons First National in the first quarter valued at about $71,000. Finally, Quarry LP boosted its stake in Simmons First National by 92.2% in the first quarter. Quarry LP now owns 4,072 shares of the bank’s stock valued at $84,000 after buying an additional 1,953 shares in the last quarter. 27.58% of the stock is owned by institutional investors and hedge funds.

About Simmons First National

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.