Simmons First National Corporation (NASDAQ:SFNC) was upgraded by investment analysts at Raymond James Financial, Inc. from an “underperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, MarketBeat reports.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods set a $61.00 target price on Simmons First National Corporation and gave the company a “hold” rating in a report on Saturday, April 22nd. Sandler O’Neill upgraded Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Friday, April 21st. BidaskClub upgraded Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded Simmons First National Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, ValuEngine cut Simmons First National Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $57.75.

Shares of Simmons First National Corporation (NASDAQ SFNC) traded up 1.42% during trading on Wednesday, hitting $53.65. The stock had a trading volume of 97,166 shares. The stock’s 50 day moving average is $52.06 and its 200-day moving average is $56.55. Simmons First National Corporation has a 12-month low of $45.01 and a 12-month high of $67.00. The company has a market cap of $1.68 billion, a PE ratio of 17.54 and a beta of 1.12.

Simmons First National Corporation (NASDAQ:SFNC) last posted its quarterly earnings data on Wednesday, April 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.10. Simmons First National Corporation had a return on equity of 8.84% and a net margin of 21.50%. The business had revenue of $102.44 million for the quarter, compared to analyst estimates of $109.30 million. Analysts forecast that Simmons First National Corporation will post $3.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, June 13th. Simmons First National Corporation’s payout ratio is currently 32.68%.

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In other news, Director Steven A. Cosse bought 1,000 shares of Simmons First National Corporation stock in a transaction that occurred on Wednesday, May 3rd. The shares were purchased at an average price of $53.50 per share, for a total transaction of $53,500.00. Following the completion of the acquisition, the director now owns 20,816 shares of the company’s stock, valued at $1,113,656. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Makris, Jr. bought 2,000 shares of Simmons First National Corporation stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average price of $52.00 per share, for a total transaction of $104,000.00. Following the acquisition, the chief executive officer now directly owns 102,883 shares of the company’s stock, valued at approximately $5,349,916. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 4,500 shares of company stock worth $239,250 and sold 29,286 shares worth $1,610,730. 4.63% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Simmons First National Corporation during the fourth quarter worth approximately $158,000. Comerica Bank boosted its position in shares of Simmons First National Corporation by 8.8% in the fourth quarter. Comerica Bank now owns 31,594 shares of the bank’s stock worth $1,922,000 after buying an additional 2,547 shares in the last quarter. State Street Corp boosted its position in shares of Simmons First National Corporation by 12.6% in the fourth quarter. State Street Corp now owns 737,249 shares of the bank’s stock worth $45,823,000 after buying an additional 82,423 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Simmons First National Corporation by 2.9% in the fourth quarter. Public Sector Pension Investment Board now owns 21,104 shares of the bank’s stock worth $1,312,000 after buying an additional 600 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Simmons First National Corporation by 667.9% in the fourth quarter. Two Sigma Investments LP now owns 59,126 shares of the bank’s stock worth $3,675,000 after buying an additional 51,426 shares in the last quarter. Institutional investors own 27.18% of the company’s stock.

About Simmons First National Corporation

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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