Keefe, Bruyette & Woods Raises Simmons First National (NASDAQ:SFNC) Price Target to $25.00

Simmons First National (NASDAQ:SFNC) had its price target raised by equities researchers at Keefe, Bruyette & Woods from $24.00 to $25.00 in a report released on Monday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 9.46% from the stock’s previous close.

SFNC has been the topic of a number of other reports. National Bank Financial set a $25.00 price objective on Simmons First National in a report on Monday. Weiss Ratings raised Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Zacks Research cut shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. DA Davidson restated a “neutral” rating and issued a $23.00 price target on shares of Simmons First National in a research note on Friday, July 17th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of Simmons First National in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Simmons First National Trading Up 1.0%

Shares of NASDAQ:SFNC opened at $22.84 on Monday. Simmons First National has a 12-month low of $17.00 and a 12-month high of $23.91. The business has a 50 day moving average of $22.05 and a 200-day moving average of $20.87. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.36. The stock has a market cap of $3.31 billion, a PE ratio of -9.03 and a beta of 0.90.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $248.57 million for the quarter, compared to the consensus estimate of $250.98 million. Simmons First National had a positive return on equity of 8.32% and a negative net margin of 24.64%.Simmons First National’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. As a group, equities research analysts forecast that Simmons First National will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Simmons First National by 27.2% in the first quarter. Royal Bank of Canada now owns 88,632 shares of the bank’s stock valued at $1,820,000 after purchasing an additional 18,933 shares in the last quarter. AQR Capital Management LLC grew its stake in Simmons First National by 271.3% during the first quarter. AQR Capital Management LLC now owns 158,856 shares of the bank’s stock worth $3,261,000 after buying an additional 116,072 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Simmons First National by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,861 shares of the bank’s stock valued at $1,516,000 after buying an additional 3,221 shares during the period. NewEdge Advisors LLC increased its holdings in Simmons First National by 3,624.6% in the 1st quarter. NewEdge Advisors LLC now owns 13,036 shares of the bank’s stock valued at $268,000 after buying an additional 12,686 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Simmons First National by 1,288.2% in the 1st quarter. Jones Financial Companies Lllp now owns 18,046 shares of the bank’s stock valued at $411,000 after buying an additional 16,746 shares in the last quarter. Institutional investors own 27.58% of the company’s stock.

About Simmons First National

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.