Simmons First National (NASDAQ:SFNC) Rating Increased to Hold at StockNews.com

Simmons First National (NASDAQ:SFNC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

Other analysts have also issued research reports about the stock. Piper Sandler raised their price target on shares of Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, July 26th. Stephens upgraded shares of Simmons First National from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $27.00 to $28.00 in a research report on Monday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Simmons First National currently has an average rating of “Hold” and an average price target of $23.00.

Simmons First National Stock Performance

Simmons First National stock opened at $23.11 on Monday. The firm has a market capitalization of $2.90 billion, a P/E ratio of 22.66 and a beta of 0.87. The stock has a fifty day moving average price of $21.29 and a two-hundred day moving average price of $19.32. Simmons First National has a 52-week low of $13.36 and a 52-week high of $23.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.80 and a quick ratio of 0.80.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $203.20 million for the quarter, compared to analyst estimates of $204.91 million. Simmons First National had a net margin of 10.49% and a return on equity of 5.33%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. As a group, analysts anticipate that Simmons First National will post 1.32 EPS for the current fiscal year.

Insider Transactions at Simmons First National

In related news, CEO Robert A. Fehlman sold 8,680 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $21.93, for a total transaction of $190,352.40. Following the sale, the chief executive officer now owns 156,357 shares of the company’s stock, valued at approximately $3,428,909.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Simmons First National news, Chairman George Makris, Jr. sold 21,420 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $21.58, for a total transaction of $462,243.60. Following the completion of the transaction, the chairman now owns 608,347 shares in the company, valued at approximately $13,128,128.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert A. Fehlman sold 8,680 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $21.93, for a total value of $190,352.40. Following the transaction, the chief executive officer now directly owns 156,357 shares of the company’s stock, valued at $3,428,909.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,700 shares of company stock valued at $728,952 over the last three months. 1.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Simmons First National

Institutional investors have recently bought and sold shares of the company. Westwood Holdings Group Inc. acquired a new stake in shares of Simmons First National in the 1st quarter valued at approximately $31,495,000. Northwestern Mutual Wealth Management Co. grew its holdings in Simmons First National by 9,443.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,395,980 shares of the bank’s stock worth $24,541,000 after purchasing an additional 1,381,353 shares during the period. Mesirow Institutional Investment Management Inc. acquired a new position in Simmons First National during the first quarter worth approximately $10,723,000. Dimensional Fund Advisors LP lifted its holdings in Simmons First National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,323,934 shares of the bank’s stock valued at $128,752,000 after purchasing an additional 413,459 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Simmons First National by 54.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 992,678 shares of the bank’s stock valued at $19,695,000 after purchasing an additional 349,534 shares during the last quarter. Institutional investors 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.