Simmons First National Corporation (NASDAQ:SFNC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.

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. “

Several other analysts have also recently commented on SFNC. Keefe, Bruyette & Woods set a $61.00 target price on shares of Simmons First National Corporation and gave the stock a “hold” rating in a research note on Saturday, April 22nd. Raymond James Financial, Inc. raised shares of Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday. BidaskClub raised shares of Simmons First National Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine cut shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Sandler O’Neill raised shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Simmons First National Corporation presently has an average rating of “Hold” and an average price target of $57.75.

Simmons First National Corporation (NASDAQ SFNC) opened at 52.90 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 17.29 and a beta of 1.12. The company has a 50-day moving average price of $52.06 and a 200 day moving average price of $56.55. Simmons First National Corporation has a 12 month low of $44.26 and a 12 month high of $67.00.

Simmons First National Corporation (NASDAQ:SFNC) last released its earnings results on Wednesday, April 19th. The bank reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.10. The firm had revenue of $102.44 million during the quarter, compared to analysts’ expectations of $109.30 million. Simmons First National Corporation had a return on equity of 8.84% and a net margin of 21.50%. Equities analysts predict that Simmons First National Corporation will post $3.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. Simmons First National Corporation’s dividend payout ratio is presently 32.68%.

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In other news, Director Christopher R. Kirkland sold 5,990 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $55.00, for a total transaction of $329,450.00. Following the completion of the sale, the director now directly owns 239,364 shares of the company’s stock, valued at approximately $13,165,020. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Cosse acquired 1,000 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were bought at an average cost of $53.50 per share, with a total value of $53,500.00. Following the completion of the purchase, the director now directly owns 20,816 shares in the company, valued at $1,113,656. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 4,500 shares of company stock valued at $239,250 and have sold 29,286 shares valued at $1,610,730. 4.63% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in SFNC. Elkfork Partners LLC boosted its stake in shares of Simmons First National Corporation by 16.1% in the first quarter. Elkfork Partners LLC now owns 2,016 shares of the bank’s stock valued at $111,000 after buying an additional 280 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Simmons First National Corporation by 16.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,448 shares of the bank’s stock valued at $135,000 after buying an additional 340 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Simmons First National Corporation during the fourth quarter valued at about $158,000. Ameritas Investment Partners Inc. bought a new stake in shares of Simmons First National Corporation during the first quarter valued at about $140,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Simmons First National Corporation by 23.8% in the first quarter. Victory Capital Management Inc. now owns 2,706 shares of the bank’s stock valued at $149,000 after buying an additional 521 shares in the last quarter. 27.18% of the stock is owned by institutional investors.

Simmons First National Corporation Company Profile

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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