Simmons First National Co. (SFNC) Given Consensus Rating of “Hold” by Analysts

Shares of Simmons First National Co. (NASDAQ:SFNC) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $33.50.

SFNC has been the subject of several research reports. Zacks Investment Research lowered shares of Simmons First National from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. BidaskClub upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Stephens set a $34.00 price objective on shares of Simmons First National and gave the company a “buy” rating in a research report on Monday, October 22nd. Robert W. Baird initiated coverage on shares of Simmons First National in a research report on Tuesday, October 16th. They set an “outperform” rating and a $34.00 price objective for the company. Finally, Sandler O’Neill lowered shares of Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research report on Wednesday, July 25th.

NASDAQ:SFNC opened at $27.54 on Friday. Simmons First National has a twelve month low of $24.58 and a twelve month high of $33.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $2.53 billion, a PE ratio of 16.11 and a beta of 1.03.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Monday, October 22nd. The bank reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.01. Simmons First National had a net margin of 22.55% and a return on equity of 9.66%. The company had revenue of $176.69 million during the quarter, compared to analyst estimates of $175.20 million. Equities research analysts expect that Simmons First National will post 2.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, December 13th. Simmons First National’s payout ratio is 35.09%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of Simmons First National by 14.1% in the third quarter. BlackRock Inc. now owns 13,170,435 shares of the bank’s stock worth $387,870,000 after buying an additional 1,631,285 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Simmons First National by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,067,040 shares of the bank’s stock worth $151,507,000 after buying an additional 228,737 shares during the period. Northern Trust Corp boosted its holdings in shares of Simmons First National by 0.3% in the second quarter. Northern Trust Corp now owns 1,381,038 shares of the bank’s stock worth $41,294,000 after buying an additional 4,433 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Simmons First National by 13.3% in the third quarter. Bank of New York Mellon Corp now owns 1,197,113 shares of the bank’s stock worth $35,254,000 after buying an additional 140,846 shares during the period. Finally, Rothschild Asset Management Inc. boosted its holdings in shares of Simmons First National by 128.5% in the second quarter. Rothschild Asset Management Inc. now owns 1,086,118 shares of the bank’s stock worth $32,475,000 after buying an additional 610,825 shares during the period. Institutional investors own 60.13% of the company’s stock.

Simmons First National Company Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.

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