Keefe, Bruyette & Woods Issues Pessimistic Forecast for Simmons First National (NASDAQ:SFNC) Stock Price

Simmons First National (NASDAQ:SFNC) had its price objective reduced by Keefe, Bruyette & Woods from $22.00 to $21.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 16.93% from the company’s previous close.

Other analysts have also issued research reports about the stock. DA Davidson upped their target price on shares of Simmons First National from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Simmons First National in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Finally, Zacks Research lowered shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Simmons First National has a consensus rating of “Hold” and an average price target of $22.50.

Simmons First National Stock Performance

NASDAQ SFNC opened at $17.96 on Monday. Simmons First National has a 1 year low of $17.20 and a 1 year high of $25.95. 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 firm has a market cap of $2.60 billion, a price-to-earnings ratio of -6.13 and a beta of 0.94. The company has a fifty day moving average price of $19.85 and a 200-day moving average price of $19.33.

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

Insider Buying and Selling at Simmons First National

In related news, Director Russell William Teubner purchased 9,200 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average cost of $18.62 per share, with a total value of $171,304.00. Following the acquisition, the director owned 53,220 shares of the company’s stock, valued at $990,956.40. This represents a 20.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Simmons First National

Several institutional investors have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. lifted its holdings in Simmons First National by 7.3% during the second quarter. Westwood Holdings Group Inc. now owns 3,737,214 shares of the bank’s stock valued at $70,858,000 after purchasing an additional 254,067 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Simmons First National by 0.3% during the second quarter. Geode Capital Management LLC now owns 3,072,538 shares of the bank’s stock valued at $58,261,000 after purchasing an additional 9,956 shares during the last quarter. Invesco Ltd. lifted its holdings in Simmons First National by 14.0% during the second quarter. Invesco Ltd. now owns 1,731,794 shares of the bank’s stock valued at $32,835,000 after purchasing an additional 212,988 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Simmons First National by 1,179.6% during the first quarter. MetLife Investment Management LLC now owns 969,027 shares of the bank’s stock valued at $19,894,000 after purchasing an additional 893,298 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in Simmons First National by 41.7% during the second quarter. Qube Research & Technologies Ltd now owns 922,284 shares of the bank’s stock valued at $17,487,000 after purchasing an additional 271,257 shares during the last quarter. 27.58% of the stock is owned by hedge funds and other 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.