Simmons First National Corporation (NASDAQ:SFNC) Receives $23.00 Consensus PT from Brokerages

Simmons First National Corporation (NASDAQ:SFNC) has been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.00.

Several equities analysts have recently weighed in on the stock. Stephens increased their price objective on shares of Simmons First National from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. National Bank Financial set a $24.00 target price on shares of Simmons First National in a research report on Monday, June 29th. DA Davidson reaffirmed a “neutral” rating and set a $21.00 target price on shares of Simmons First National in a report on Friday, April 17th. Zacks Research downgraded shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings upgraded shares of Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th.

Institutional Trading of Simmons First National

Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. increased its holdings in Simmons First National by 156.0% in the 1st quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock worth $29,000 after acquiring an additional 925 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Simmons First National by 197.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after purchasing an additional 1,104 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Simmons First National by 35.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock worth $36,000 after purchasing an additional 495 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Simmons First National by 32.0% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock worth $50,000 after purchasing an additional 644 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of Simmons First National in the fourth quarter worth $66,000. Institutional investors own 27.58% of the company’s stock.

Simmons First National Price Performance

NASDAQ SFNC opened at $22.92 on Friday. The business’s fifty day moving average price is $21.87 and its 200-day moving average price is $20.73. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of -8.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. Simmons First National has a 1-year low of $17.00 and a 1-year high of $23.40.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Thursday, April 16th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.The business had revenue of $241.37 million for the quarter, compared to analysts’ expectations of $243.02 million. During the same period last year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts predict that Simmons First National will post 2.08 earnings per share for the current year.

Simmons First National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, June 15th. Simmons First National’s dividend payout ratio (DPR) is currently -33.59%.

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.