Simmons First National (NASDAQ:SFNC) Upgraded 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 published on Monday.

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

Simmons First National Stock Down 2.2 %

Shares of 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 company has a market capitalization of $2.86 billion, a PE ratio of 22.32 and a beta of 0.87. 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 company has a fifty day moving average of $21.22 and a 200-day moving average of $19.29.

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

Insider Activity at Simmons First National

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

Institutional Trading of Simmons First National

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Denali Advisors LLC acquired a new position in shares of Simmons First National during the first quarter worth approximately $3,577,000. Public Employees Retirement System of Ohio lifted its stake in shares of Simmons First National by 3,808.6% in the first quarter. Public Employees Retirement System of Ohio now owns 95,839 shares of the bank’s stock valued at $1,865,000 after buying an additional 93,387 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Simmons First National by 17.1% during the first quarter. Sei Investments Co. now owns 173,229 shares of the bank’s stock valued at $3,371,000 after buying an additional 25,316 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Simmons First National by 90.0% during the first quarter. BNP Paribas Financial Markets now owns 66,037 shares of the bank’s stock worth $1,285,000 after acquiring an additional 31,284 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Simmons First National by 50.8% in the 1st quarter. Empowered Funds LLC now owns 188,822 shares of the bank’s stock valued at $3,674,000 after acquiring an additional 63,589 shares in the last quarter. 27.58% of the stock is owned by institutional investors.

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.