Simmons First National (NASDAQ:SFNC) Sets New 12-Month High – Here’s What Happened

Simmons First National Corporation (NASDAQ:SFNCGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $22.74 and last traded at $22.7980, with a volume of 143150 shares. The stock had previously closed at $22.48.

Wall Street Analysts Forecast Growth

SFNC has been the subject of several recent analyst reports. Zacks Research downgraded shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. DA Davidson reissued a “neutral” rating and set a $21.00 price target on shares of Simmons First National in a research report on Friday, April 17th. Morgan Stanley dropped their price objective on Simmons First National from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings raised Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Finally, Stephens lifted 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. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Get Our Latest Report on Simmons First National

Simmons First National Stock Performance

The firm has a market cap of $3.30 billion, a price-to-earnings ratio of -8.89 and a beta of 0.91. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $21.37 and its 200 day moving average is $20.35.

Simmons First National (NASDAQ:SFNCGet Free Report) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Simmons First National had a negative net margin of 25.44% and a positive return on equity of 7.81%. The firm had revenue of $241.37 million during the quarter, compared to the consensus estimate of $243.02 million. During the same period last year, the business posted $0.26 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. Analysts anticipate that Simmons First National Corporation will post 2.08 earnings per share for the current year.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.8%. Simmons First National’s dividend payout ratio (DPR) is -33.59%.

Institutional Trading of Simmons First National

Several institutional investors have recently added to or reduced their stakes in SFNC. Vanguard Group Inc. increased its position in Simmons First National by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 16,471,523 shares of the bank’s stock worth $310,488,000 after buying an additional 51,914 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Simmons First National by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,630,535 shares of the bank’s stock valued at $146,279,000 after acquiring an additional 169,768 shares during the period. State Street Corp boosted its position in shares of Simmons First National by 5.4% in the fourth quarter. State Street Corp now owns 7,569,943 shares of the bank’s stock valued at $144,223,000 after acquiring an additional 389,634 shares during the period. Wellington Management Group LLP grew its stake in shares of Simmons First National by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 6,814,476 shares of the bank’s stock valued at $128,453,000 after acquiring an additional 70,486 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Simmons First National by 2.1% in the third quarter. Northern Trust Corp now owns 4,508,330 shares of the bank’s stock valued at $86,425,000 after acquiring an additional 91,596 shares in the last quarter. 27.58% of the stock is currently owned by institutional investors.

About Simmons First National

(Get Free Report)

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.

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