Simmons First National Corporation (NASDAQ:SFNC)‘s stock had its “neutral” rating reissued by investment analysts at Piper Jaffray Companies in a report issued on Thursday, MarketBeat Ratings reports. They presently have a $60.00 target price on the bank’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 2.92% from the stock’s current price.

Several other research analysts have also issued reports on SFNC. BidaskClub upgraded Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 21st. Raymond James Financial, Inc. upgraded Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered Simmons First National Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. Finally, Stephens upgraded Simmons First National Corporation from an “equal weight” rating to a “buy” rating and raised their price target for the stock from $60.00 to $64.00 in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.40.

Shares of Simmons First National Corporation (SFNC) traded up 1.11% during midday trading on Thursday, hitting $58.95. The stock had a trading volume of 83,775 shares. Simmons First National Corporation has a one year low of $45.90 and a one year high of $67.00. The firm’s 50-day moving average price is $53.89 and its 200-day moving average price is $53.29. The firm has a market capitalization of $1.90 billion, a PE ratio of 19.47 and a beta of 1.15.

Simmons First National Corporation (NASDAQ:SFNC) last released its earnings results on Wednesday, July 19th. The bank reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. The company had revenue of $112.56 million during the quarter, compared to analysts’ expectations of $110.00 million. On average, equities analysts predict that Simmons First National Corporation will post $3.12 EPS for the current year.

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In other Simmons First National Corporation news, Director Christopher R. Kirkland sold 547 shares of Simmons First National Corporation stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $55.00, for a total transaction of $30,085.00. Following the transaction, the director now directly owns 228,399 shares in the company, valued at $12,561,945. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher R. Kirkland sold 33,009 shares of Simmons First National Corporation stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $55.41, for a total value of $1,829,028.69. Following the transaction, the director now owns 168,276 shares in the company, valued at $9,324,173.16. The disclosure for this sale can be found here. Insiders sold a total of 174,802 shares of company stock worth $9,631,084 over the last 90 days. 4.63% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Alps Advisors Inc. lifted its holdings in Simmons First National Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,371 shares of the bank’s stock worth $443,000 after acquiring an additional 22 shares in the last quarter. Clinton Group Inc. lifted its holdings in Simmons First National Corporation by 3.4% during the first quarter. Clinton Group Inc. now owns 3,813 shares of the bank’s stock worth $210,000 after acquiring an additional 126 shares in the last quarter. Amalgamated Bank lifted its holdings in Simmons First National Corporation by 3.8% during the second quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after acquiring an additional 151 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Simmons First National Corporation by 1.3% during the first quarter. California Public Employees Retirement System now owns 15,600 shares of the bank’s stock worth $860,000 after acquiring an additional 200 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in Simmons First National Corporation by 1.0% during the second quarter. Texas Permanent School Fund now owns 21,772 shares of the bank’s stock worth $1,152,000 after acquiring an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 25.87% of the company’s stock.

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.

Analyst Recommendations for Simmons First National Corporation (NASDAQ:SFNC)

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