Shares of Simmons First National Corporation (NASDAQ:SFNC – Get Free Report) have earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $25.2143.
A number of brokerages have commented on SFNC. Raymond James Financial restated an “outperform” rating and set a $25.00 price objective on shares of Simmons First National in a research note on Friday, July 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Simmons First National in a report on Tuesday, July 21st. Keefe, Bruyette & Woods boosted their price target on Simmons First National from $25.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday. Piper Sandler upgraded Simmons First National from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $26.00 to $27.50 in a report on Friday. Finally, National Bank Financial set a $26.00 price objective on shares of Simmons First National in a research report on Friday.
Get Our Latest Stock Report on SFNC
Hedge Funds Weigh In On Simmons First National
Simmons First National Stock Performance
Shares of SFNC stock opened at $23.69 on Monday. The company’s fifty day simple moving average is $23.15 and its 200-day simple moving average is $21.59. Simmons First National has a 52 week low of $17.00 and a 52 week high of $24.32. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The company has a market cap of $3.42 billion, a PE ratio of -9.36 and a beta of 0.89.
Simmons First National (NASDAQ:SFNC – Get Free Report) last posted its earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Simmons First National had a negative net margin of 24.64% and a positive return on equity of 8.32%. During the same quarter last year, the business posted $0.44 EPS. The business’s revenue was up 16.1% on a year-over-year basis. As a group, equities research analysts anticipate that Simmons First National will post 2.05 EPS for the current year.
Simmons First National Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.215 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.86 annualized dividend and a dividend yield of 3.6%. Simmons First National’s dividend payout ratio is -33.99%.
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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