Simmons First National Co. (SFNC) Receives Consensus Rating of “Hold” from Brokerages
Simmons First National Co. (NASDAQ:SFNC) has been given a consensus rating of “Hold” by the five analysts that are presently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $57.67.
SFNC has been the subject of several recent research reports. Sandler O’Neill raised Simmons First National from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Friday, April 21st. Zacks Investment Research cut Simmons First National from a “buy” rating to a “sell” rating in a research note on Wednesday, April 26th. Keefe, Bruyette & Woods set a $67.00 price target on Simmons First National and gave the company a “hold” rating in a research note on Monday, April 10th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Simmons First National in a research note on Wednesday, January 25th.
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In other Simmons First National news, Director Christopher R. Kirkland sold 5,990 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $55.00, for a total value of $329,450.00. Following the transaction, the director now owns 239,364 shares in the company, valued at $13,165,020. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Cosse purchased 1,000 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was purchased at an average price of $53.50 per share, for a total transaction of $53,500.00. Following the acquisition, the director now owns 20,816 shares of the company’s stock, valued at approximately $1,113,656. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,500 shares of company stock worth $239,250. 4.48% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Simmons First National by 49,773.0% in the first quarter. BlackRock Inc. now owns 3,659,684 shares of the bank’s stock valued at $201,831,000 after buying an additional 3,652,346 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Simmons First National by 5.8% in the first quarter. Vanguard Group Inc. now owns 2,511,310 shares of the bank’s stock valued at $138,499,000 after buying an additional 138,399 shares during the last quarter. Simmons Bank raised its position in shares of Simmons First National by 81.4% in the first quarter. Simmons Bank now owns 1,739,099 shares of the bank’s stock valued at $95,912,000 after buying an additional 780,216 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Simmons First National by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,306,961 shares of the bank’s stock valued at $72,080,000 after buying an additional 93,502 shares during the last quarter. Finally, State Street Corp raised its position in shares of Simmons First National by 34.8% in the first quarter. State Street Corp now owns 993,596 shares of the bank’s stock valued at $54,799,000 after buying an additional 256,347 shares during the last quarter. Institutional investors and hedge funds own 41.09% of the company’s stock.
Simmons First National (NASDAQ:SFNC) opened at 52.00 on Friday. The company has a market cap of $1.63 billion, a PE ratio of 17.00 and a beta of 1.01. Simmons First National has a one year low of $42.54 and a one year high of $67.00. The firm’s 50-day moving average price is $53.74 and its 200-day moving average price is $57.70.
Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Wednesday, April 19th. The bank reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.10. The company had revenue of $102.44 million during the quarter, compared to analyst estimates of $109.30 million. Simmons First National had a net margin of 21.98% and a return on equity of 9.12%. On average, equities research analysts forecast that Simmons First National will post $3.37 earnings per share for the current fiscal year.
About Simmons First National
Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri and Tennessee.
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