DA Davidson Reiterates “Neutral” Rating for Simmons First National (NASDAQ:SFNC)

Simmons First National (NASDAQ:SFNC)‘s stock had its “neutral” rating reiterated by equities research analysts at DA Davidson in a research note issued to investors on Friday,Benzinga reports. They presently have a $23.00 price target on the bank’s stock. DA Davidson’s price target indicates a potential upside of 0.22% from the company’s previous close.

Several other research analysts also recently weighed in on SFNC. Zacks Research downgraded Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Morgan Stanley restated a “positive” rating on shares of Simmons First National in a research note on Monday, June 29th. Stephens upped their price objective on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, April 20th. National Bank Financial set a $24.00 target price on shares of Simmons First National in a research report on Monday, June 29th. Finally, Weiss Ratings upgraded shares of Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Simmons First National presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.67.

Simmons First National Price Performance

Simmons First National stock opened at $22.95 on Friday. The business’s 50 day simple moving average is $21.97 and its 200 day simple moving average is $20.80. Simmons First National has a 12 month low of $17.00 and a 12 month high of $23.91. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -9.07 and a beta of 0.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $248.57 million during the quarter, compared to analysts’ expectations of $250.98 million. Simmons First National had a positive return on equity of 8.36% and a negative net margin of 24.64%.The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. Sell-side analysts forecast that Simmons First National will post 2.08 EPS for the current year.

Hedge Funds Weigh In On Simmons First National

Large investors have recently made changes to their positions in the stock. Bessemer Group Inc. increased its position in shares of Simmons First National by 156.0% during the first quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock valued at $29,000 after buying an additional 925 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 1,104 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Simmons First National by 35.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock valued at $36,000 after acquiring an additional 495 shares during the period. Osaic Holdings Inc. grew its stake in Simmons First National by 32.0% during the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock valued at $50,000 after acquiring an additional 644 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in Simmons First National during the fourth quarter valued at approximately $66,000. 27.58% of the stock is owned by institutional investors.

Trending Headlines about Simmons First National

Here are the key news stories impacting Simmons First National this week:

• Positive Sentiment: Adjusted earnings of $0.50 per share and revenue growth of 16.1% year over year indicate the business is still expanding. Simmons First National Corporation Reports Second Quarter Results
• Positive Sentiment: The bank maintained a stable net interest margin and reported improved deposit mix, which supports profitability. Simmons First National Corporation Reports Second Quarter Results
• Neutral Sentiment: DA Davidson reaffirmed its neutral rating and set a $23 price target, only slightly above the recent share price, suggesting limited near-term upside. Benzinga
• Negative Sentiment: The modest earnings and revenue misses versus analyst estimates likely pressured the stock, as investors focused on the quarter coming in below expectations. Simmons First National (SFNC) Lags Q2 Earnings and Revenue Estimates

Simmons First National Company Profile

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.