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

StockNews.com upgraded shares of Simmons First National (NASDAQ:SFNC) from a sell rating to a hold rating in a research note released on Monday.

A number of other equities analysts also recently weighed in on SFNC. Piper Sandler boosted their price target on shares of Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. Stephens raised shares of Simmons First National from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $27.00 to $28.00 in a research report on Monday. Finally, Keefe, Bruyette & Woods raised their price target on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.00.

Simmons First National Trading Down 2.2 %

NASDAQ:SFNC opened at $22.77 on Monday. Simmons First National has a 52 week low of $13.36 and a 52 week high of $23.74. The firm has a 50-day moving average price of $21.22 and a two-hundred day moving average price of $19.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 22.32 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC) last issued 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. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. The company had revenue of $203.20 million during the quarter, compared to the consensus estimate of $204.91 million. During the same period last year, the business posted $0.39 earnings per share. Simmons First National’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts expect that Simmons First National will post 1.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Simmons First National

In other news, Chairman George Makris, Jr. sold 21,420 shares of Simmons First National stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.58, for a total value of $462,243.60. Following the completion of the transaction, the chairman now owns 608,347 shares in the company, valued at $13,128,128.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Simmons First National news, Chairman George Makris, Jr. sold 21,420 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $21.58, for a total transaction of $462,243.60. Following the sale, the chairman now owns 608,347 shares in the company, valued at $13,128,128.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO David W. Garner sold 3,600 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total value of $76,356.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,966 shares of the company’s stock, valued at $1,377,928.86. The trade was 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 insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Simmons First National by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,323,934 shares of the bank’s stock valued at $128,752,000 after acquiring an additional 413,459 shares during the period. Westwood Holdings Group Inc. lifted its stake in Simmons First National by 3.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,677,924 shares of the bank’s stock worth $29,498,000 after purchasing an additional 59,495 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Simmons First National by 9,443.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,395,980 shares of the bank’s stock valued at $24,541,000 after purchasing an additional 1,381,353 shares during the period. Goldman Sachs Group Inc. grew its position 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 purchasing an additional 349,534 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. increased its holdings in shares of Simmons First National by 28.0% in the second quarter. Mesirow Institutional Investment Management Inc. now owns 705,138 shares of the bank’s stock worth $12,396,000 after purchasing an additional 154,128 shares during the period. Hedge funds and other 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.