Shares of Simmons First National Corporation (NASDAQ:SFNC – Get Free Report) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $22.00.
Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their target price on Simmons First National from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. DA Davidson restated a “neutral” rating and set a $21.00 target price on shares of Simmons First National in a research note on Friday, April 17th. Weiss Ratings upgraded Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Stephens boosted their target price on Simmons First National from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Finally, Zacks Research cut Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th.
View Our Latest Stock Report on Simmons First National
Institutional Investors Weigh In On Simmons First National
Simmons First National Stock Performance
NASDAQ:SFNC opened at $21.48 on Friday. The firm has a market capitalization of $3.12 billion, a PE ratio of -8.39 and a beta of 0.92. The business’s fifty day moving average price is $20.55 and its 200 day moving average price is $19.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. Simmons First National has a 12 month low of $17.00 and a 12 month high of $22.17.
Simmons First National (NASDAQ:SFNC – Get Free Report) last posted its earnings results on Thursday, April 16th. The bank reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $241.37 million for the quarter, compared to analyst estimates of $243.02 million. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.Simmons First National’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, sell-side analysts anticipate that Simmons First National will post 2.08 earnings per share for the current fiscal year.
Simmons First National Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.215 per share. The ex-dividend date is Monday, June 15th. This represents a $0.86 annualized dividend and a yield of 4.0%. Simmons First National’s payout ratio is presently -33.59%.
Simmons First National announced that its board has authorized a stock repurchase program on Tuesday, February 17th that allows the company to buyback $175.00 million in shares. This buyback authorization allows the bank to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
About Simmons First National
Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.
The company’s core business activities span deposit-taking, lending and payment services.
Featured Stories
- Five stocks we like better than Simmons First National
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
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.
