Simmons First National (SFNC) Upgraded to Hold by BidaskClub

Simmons First National (NASDAQ:SFNC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research analysts have also commented on the company. Sandler O’Neill raised Simmons First National from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, January 24th. Zacks Investment Research upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Saturday, January 13th. Finally, Piper Jaffray Companies set a $30.00 target price on Simmons First National and gave the company a “hold” rating in a research note on Thursday, November 16th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.90.

Simmons First National (NASDAQ SFNC) opened at $28.90 on Friday. The company has a market capitalization of $2,592.11, a P/E ratio of 16.66 and a beta of 1.16. Simmons First National has a 12-month low of $24.88 and a 12-month high of $30.55. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.01.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $163.55 million for the quarter, compared to analyst estimates of $155.80 million. Simmons First National had a return on equity of 8.28% and a net margin of 17.41%. equities analysts expect that Simmons First National will post 4.6 EPS for the current year.

In other Simmons First National news, CEO George Makris, Jr. purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were purchased at an average cost of $58.10 per share, for a total transaction of $145,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vernon Wilson Jr. Bryant sold 22,888 shares of Simmons First National stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.87, for a total value of $1,255,864.56. Following the completion of the sale, the insider now owns 211,353 shares in the company, valued at $11,596,939.11. The disclosure for this sale can be found here. Insiders sold a total of 402,888 shares of company stock worth $23,019,365 over the last quarter. Company insiders own 4.63% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Simmons First National by 30.7% in the fourth quarter. BlackRock Inc. now owns 5,222,738 shares of the bank’s stock valued at $298,220,000 after buying an additional 1,226,944 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Simmons First National by 1.4% in the second quarter. Vanguard Group Inc. now owns 2,546,459 shares of the bank’s stock valued at $134,707,000 after buying an additional 35,149 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Simmons First National by 10.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,613,273 shares of the bank’s stock valued at $93,409,000 after buying an additional 151,194 shares in the last quarter. State Street Corp boosted its stake in shares of Simmons First National by 0.8% in the second quarter. State Street Corp now owns 1,001,720 shares of the bank’s stock valued at $52,992,000 after buying an additional 8,124 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Simmons First National by 28.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 616,809 shares of the bank’s stock valued at $35,713,000 after buying an additional 135,871 shares in the last quarter. Hedge funds and other institutional investors own 51.33% of the company’s stock.

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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.

Analyst Recommendations for Simmons First National (NASDAQ:SFNC)

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