Simmons First National (NASDAQ:SFNC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.
A number of other equities research analysts have also commented on SFNC. Zacks Investment Research lowered shares of Simmons First National from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Piper Jaffray Companies restated a “neutral” rating and set a $60.00 price objective on shares of Simmons First National in a report on Thursday, October 5th. Finally, Sandler O’Neill restated a “hold” rating and set a $62.00 price objective on shares of Simmons First National in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Simmons First National has a consensus rating of “Hold” and an average target price of $62.80.
Shares of Simmons First National (SFNC) traded up $0.90 during midday trading on Friday, hitting $59.15. 220,396 shares of the stock were exchanged, compared to its average volume of 179,774. The company has a market capitalization of $2,719.13, a PE ratio of 17.82 and a beta of 1.15. Simmons First National has a 52 week low of $49.75 and a 52 week high of $61.95. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.47.
Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Sunday, October 22nd. The bank reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Simmons First National had a return on equity of 8.79% and a net margin of 21.58%. analysts forecast that Simmons First National will post 3.31 EPS for the current fiscal year.
In other Simmons First National news, Director Christopher R. Kirkland sold 160,000 shares of Simmons First National stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $57.11, for a total value of $9,137,600.00. Following the sale, the director now directly owns 76,949 shares in the company, valued at approximately $4,394,557.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Barry K. Ledbetter sold 1,900 shares of Simmons First National stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $57.37, for a total transaction of $109,003.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 349,122 shares of company stock worth $19,827,028. 4.63% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of SFNC. Rowland & Co. Investment Counsel ADV acquired a new stake in Simmons First National in the 4th quarter valued at $107,000. Riverhead Capital Management LLC increased its stake in Simmons First National by 63.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock valued at $113,000 after buying an additional 831 shares during the last quarter. Victory Capital Management Inc. increased its stake in Simmons First National by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock valued at $168,000 after buying an additional 476 shares during the last quarter. Amalgamated Bank increased its stake in Simmons First National by 3.8% in the 2nd quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock valued at $218,000 after buying an additional 151 shares during the last quarter. Finally, Ifrah Financial Services Inc. acquired a new stake in Simmons First National in the 3rd quarter valued at $246,000. Hedge funds and other institutional investors own 51.33% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Simmons First National (SFNC) Lowered to “Sell” at BidaskClub” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/01/21/simmons-first-national-sfnc-lowered-to-sell-at-bidaskclub-2.html.
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.
Receive News & Ratings for Simmons First National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simmons First National and related companies with MarketBeat.com's FREE daily email newsletter.