Simmons First National Corporation (NASDAQ:SFNC – Get Free Report) has earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.50.
SFNC has been the subject of several recent research reports. DA Davidson reiterated a “neutral” rating and issued a $23.00 price objective on shares of Simmons First National in a research note on Friday, July 17th. National Bank Financial set a $26.00 target price on shares of Simmons First National in a research note on Friday, September 4th. Piper Sandler upgraded shares of Simmons First National from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $26.00 to $27.50 in a research note on Friday, September 4th. Morgan Stanley cut shares of Simmons First National from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $24.00 to $26.00 in a report on Tuesday, September 8th. Finally, Keefe, Bruyette & Woods upgraded shares of Simmons First National from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $25.00 to $26.00 in a research note on Thursday, September 10th.
View Our Latest Analysis on SFNC
Simmons First National Stock Up 0.7%
Simmons First National (NASDAQ:SFNC – Get Free Report) 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). Simmons First National had a negative net margin of 24.64% and a positive return on equity of 8.32%. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities analysts expect that Simmons First National will post 2.06 earnings per share for the current fiscal year.
Simmons First National Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were issued a $0.2150 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, September 15th. Simmons First National’s dividend payout ratio (DPR) is presently -33.99%.
Hedge Funds Weigh In On Simmons First National
A number of institutional investors and hedge funds have recently modified their holdings of the company. Bessemer Group Inc. raised its stake in Simmons First National by 156.0% in 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 in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Simmons First National by 35.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock worth $36,000 after acquiring an additional 495 shares in the last quarter. Nykredit A S purchased a new position in shares of Simmons First National in the 2nd quarter valued at about $41,000. EverSource Wealth Advisors LLC increased its holdings in shares of Simmons First National by 31.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,339 shares of the bank’s stock valued at $45,000 after acquiring an additional 566 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Simmons First National by 96.2% in the 2nd quarter. Allworth Financial LP now owns 2,091 shares of the bank’s stock valued at $47,000 after acquiring an additional 1,025 shares during the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.
Simmons First National Company Profile
Simmons First National Corporation is a financial services company headquartered in Pine Bluff, Arkansas, and the parent company of Simmons Bank. Founded in 1903, the company has grown from a community bank into a regional banking organization serving businesses, individuals and institutions.
Simmons Bank provides a range of banking services, including checking and savings accounts, commercial and consumer lending, residential mortgage lending, credit cards and treasury management. The bank also offers wealth management, trust, investment and brokerage services to individuals, businesses and nonprofit organizations.
Through its branch network and digital banking platforms, Simmons Bank serves customers in Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.
Featured Stories
- Five stocks we like better than Simmons First National
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
- JPMorgan Bets on Genius Sports as the Market Loses Patience
- Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
Receive News & Ratings for Simmons First National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simmons First National and related companies with MarketBeat.com's FREE daily email newsletter.
