Simmons First National (NASDAQ:SFNC) Earns Neutral Rating from DA Davidson

Simmons First National (NASDAQ:SFNCGet Free Report)‘s stock had its “neutral” rating reaffirmed by analysts at DA Davidson in a note issued to investors on Friday,Benzinga reports. They presently have a $23.00 price target on the bank’s stock. DA Davidson’s price objective points to a potential upside of 0.42% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley reissued a “positive” rating on shares of Simmons First National in a research note on Monday, June 29th. Stephens lifted their price objective on Simmons First National from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. National Bank Financial set a $24.00 target price on Simmons First National in a research note on Monday, June 29th. Weiss Ratings upgraded Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Finally, Zacks Research downgraded Simmons First National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

View Our Latest Stock Analysis on SFNC

Simmons First National Stock Performance

Shares of NASDAQ:SFNC traded down $0.35 during midday trading on Friday, hitting $22.90. The stock had a trading volume of 2,947,904 shares, compared to its average volume of 1,289,648. Simmons First National has a 1 year low of $17.00 and a 1 year high of $23.91. 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 has a 50 day moving average price of $21.94 and a two-hundred day moving average price of $20.78. The company has a market capitalization of $3.32 billion, a PE ratio of -8.94 and a beta of 0.90.

Simmons First National (NASDAQ:SFNCGet Free Report) last released its quarterly earnings data on Thursday, July 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.The business had revenue of $248.57 million during the quarter, compared to analysts’ expectations of $250.98 million. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. As a group, equities analysts predict that Simmons First National will post 2.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Simmons First National

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of Simmons First National by 27.2% in the 1st quarter. Royal Bank of Canada now owns 88,632 shares of the bank’s stock valued at $1,820,000 after acquiring an additional 18,933 shares during the period. AQR Capital Management LLC increased its holdings in Simmons First National by 271.3% in the 1st quarter. AQR Capital Management LLC now owns 158,856 shares of the bank’s stock valued at $3,261,000 after purchasing an additional 116,072 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Simmons First National by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,861 shares of the bank’s stock valued at $1,516,000 after purchasing an additional 3,221 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Simmons First National by 3,624.6% during the first quarter. NewEdge Advisors LLC now owns 13,036 shares of the bank’s stock worth $268,000 after purchasing an additional 12,686 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Simmons First National by 1,288.2% in the first quarter. Jones Financial Companies Lllp now owns 18,046 shares of the bank’s stock worth $411,000 after buying an additional 16,746 shares during the period. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Simmons First National

Here are the key news stories impacting Simmons First National this week:

Simmons First National Company Profile

(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.

Further Reading

Analyst Recommendations for Simmons First National (NASDAQ:SFNC)

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.