Simmons First National (NASDAQ:SFNC) received a $63.00 price objective from investment analysts at Sandler O’Neill in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the bank’s stock. Sandler O’Neill’s target price suggests a potential upside of 10.72% from the stock’s current price.
Several other equities analysts also recently commented on SFNC. BidaskClub upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded shares of Simmons First National from a “buy” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $60.00 price target on shares of Simmons First National in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $62.60.
Shares of Simmons First National (NASDAQ SFNC) opened at $56.90 on Thursday. The company has a market cap of $2,615.69, a price-to-earnings ratio of 17.14 and a beta of 1.15. Simmons First National has a 1 year low of $49.75 and a 1 year high of $62.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.47.
Several hedge funds have recently bought and sold shares of SFNC. Riverhead Capital Management LLC lifted its holdings in shares of Simmons First National by 63.9% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after acquiring an additional 831 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Simmons First National by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after acquiring an additional 476 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Simmons First National by 3.8% in the second quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after acquiring an additional 151 shares during the last quarter. Ifrah Financial Services Inc. bought a new position in shares of Simmons First National in the third quarter worth about $246,000. Finally, SG Americas Securities LLC bought a new position in shares of Simmons First National in the third quarter worth about $278,000. 51.33% of the stock is owned by hedge funds and other institutional investors.
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Simmons First National 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, Tennessee, Colorado, Oklahoma and Texas.
