Simmons First National Corp. (SFNC) Lifted to Buy at Zacks Investment Research
Simmons First National Corp. (NASDAQ:SFNC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $58.00 price objective on the stock. Zacks Investment Research’s price objective points to a potential upside of 12.75% from the stock’s previous close.
According to Zacks, “SIMMONS FIRST NATIONAL CORP bank holding company registered under the Bank Holding Act of 1956. Through its subsidiaries, Co. provides a full range of banking and mortgage services to individual and corporate customers. “
Separately, Stephens cut Simmons First National Corp. from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $52.00 to $50.00 in a research note on Friday, July 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Simmons First National Corp. has an average rating of “Hold” and a consensus price target of $52.75.
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Simmons First National Corp. (NASDAQ:SFNC) traded down 0.99% during trading on Tuesday, reaching $50.93. 16,786 shares of the company’s stock were exchanged. Simmons First National Corp. has a 52-week low of $38.30 and a 52-week high of $58.75. The stock’s 50-day moving average price is $49.56 and its 200-day moving average price is $47.07. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 16.85 and a beta of 1.05.
Simmons First National Corp. (NASDAQ:SFNC) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Simmons First National Corp. had a return on equity of 9.48% and a net margin of 21.34%. Equities analysts expect that Simmons First National Corp. will post $3.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. Simmons First National Corp.’s payout ratio is currently 31.79%.
A number of large investors have recently made changes to their positions in the company. Emerald Acquisition Ltd. bought a new stake in shares of Simmons First National Corp. during the second quarter worth about $234,000. Rothschild Asset Management Inc. boosted its stake in shares of Simmons First National Corp. by 8.7% in the second quarter. Rothschild Asset Management Inc. now owns 37,917 shares of the company’s stock worth $1,751,000 after buying an additional 3,032 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Simmons First National Corp. by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the company’s stock worth $587,000 after buying an additional 100 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Simmons First National Corp. by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the company’s stock worth $189,000 after buying an additional 200 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Simmons First National Corp. by 13.5% in the second quarter. Capstone Asset Management Co. now owns 11,780 shares of the company’s stock worth $544,000 after buying an additional 1,400 shares during the last quarter. 23.72% of the stock is owned by hedge funds and other institutional investors.
About Simmons First National Corp.
Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits.
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