Shares of Simmons First National Corporation (NASDAQ:SFNC – Get Free Report) have been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Five equities research 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 12 month price target among brokers that have issued ratings on the stock in the last year is $23.00.
Several equities research analysts recently weighed in on SFNC shares. Zacks Research cut Simmons First National from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. DA Davidson reiterated a “neutral” rating and issued a $21.00 price objective on shares of Simmons First National in a research report on Friday, April 17th. Weiss Ratings raised Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. National Bank Financial set a $24.00 target price on shares of Simmons First National in a report on Monday, June 29th. Finally, Morgan Stanley restated a “positive” rating on shares of Simmons First National in a report on Monday, June 29th.
Check Out Our Latest Report on Simmons First National
Simmons First National Price Performance
Simmons First National (NASDAQ:SFNC – Get Free Report) last announced its earnings results 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 company had revenue of $241.37 million during the quarter, compared to analyst estimates of $243.02 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. Equities analysts expect that Simmons First National will post 2.08 EPS for the current year.
Simmons First National Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 15th. Simmons First National’s payout ratio is currently -33.59%.
Institutional Trading of Simmons First National
Several institutional investors have recently bought and sold shares of SFNC. Bessemer Group Inc. increased its position in shares of Simmons First National by 156.0% during the first quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock valued at $29,000 after acquiring an additional 925 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Simmons First National by 197.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,104 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Simmons First National by 35.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock valued at $36,000 after acquiring an additional 495 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Simmons First National by 32.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock valued at $50,000 after purchasing an additional 644 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new stake in Simmons First National during the 4th quarter valued at $66,000. 27.58% of the stock is owned by hedge funds and other institutional investors.
Simmons First National Company Profile
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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