Simmons First National (NASDAQ:SFNC – Get Free Report) had its price target increased by equities researchers at Morgan Stanley from $26.00 to $27.00 in a report issued on Monday, Benzinga reports. The firm currently has an “underweight” rating on the bank’s stock. Morgan Stanley’s price target would indicate a potential upside of 21.27% from the stock’s previous close.
Several other analysts also recently weighed in on SFNC. Piper Sandler upgraded Simmons First National from an “underweight” rating to an “overweight” rating and raised their target price for the company from $26.00 to $27.50 in a research note on Friday, September 4th. DA Davidson reiterated a “neutral” rating and issued a $23.00 price target on shares of Simmons First National in a research note on Friday, July 17th. Robert W. Baird set a $25.00 price target on Simmons First National in a report on Monday. Keefe, Bruyette & Woods lowered their price objective on Simmons First National from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Simmons First National in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.44.
Get Our Latest Analysis on Simmons First National
Simmons First National Stock Up 0.9%
Shares of NASDAQ SFNC traded up $0.20 during trading on Monday, reaching $22.27. 1,813,308 shares of the stock were exchanged, compared to its average volume of 1,348,787. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 12.44 and a beta of 0.92. The business’s 50-day moving average price is $22.92 and its 200 day moving average price is $22.23. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. Simmons First National has a twelve month low of $17.00 and a twelve month high of $24.32.
Simmons First National (NASDAQ:SFNC – Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The bank reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $251.17 million during the quarter, compared to analyst estimates of $254.03 million. Simmons First National had a net margin of 18.38% and a return on equity of 8.73%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. As a group, equities analysts forecast that Simmons First National will post 2.06 EPS for the current fiscal year.
Institutional Investors Weigh In On Simmons First National
A number of institutional investors have recently modified their holdings of the stock. Counterpoint Mutual Funds LLC acquired a new position in Simmons First National in the third quarter worth $656,000. Nolet Wealth Management LLC bought a new stake in Simmons First National during the third quarter valued at $245,000. GAMMA Investing LLC raised its holdings in shares of Simmons First National by 8.2% during the third quarter. GAMMA Investing LLC now owns 16,647 shares of the bank’s stock worth $376,000 after purchasing an additional 1,255 shares during the period. Vista Investment Partners LLC acquired a new stake in shares of Simmons First National during the third quarter worth $289,000. Finally, QRG Capital Management Inc. lifted its position in shares of Simmons First National by 10.4% in the 2nd quarter. QRG Capital Management Inc. now owns 12,021 shares of the bank’s stock worth $272,000 after buying an additional 1,136 shares during the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.
About Simmons First National
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.
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