Simmons First National (NASDAQ:SFNC) Price Target Raised to $20.00

Simmons First National (NASDAQ:SFNC) had its price target upped by Piper Sandler from $18.00 to $20.00 in a research note released on Friday, Benzinga reports. The firm currently has an underweight rating on the bank’s stock.

SFNC has been the subject of a number of other reports. Keefe, Bruyette & Woods raised their price target on Simmons First National from $20.00 to $22.00 and gave the stock a market perform rating in a report on Thursday, July 25th. Stephens boosted their price objective on shares of Simmons First National from $21.00 to $23.00 and gave the company an equal weight rating in a research note on Thursday, July 25th. Finally, StockNews.com lowered shares of Simmons First National from a hold rating to a sell rating in a report on Sunday, July 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $21.75.

Simmons First National Trading Down 2.9 %

Shares of Simmons First National stock opened at $21.27 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $2.67 billion, a P/E ratio of 15.99 and a beta of 0.89. Simmons First National has a 52-week low of $13.36 and a 52-week high of $22.29. The stock’s 50-day simple moving average is $18.02 and its 200 day simple moving average is $18.41.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $372.44 million for the quarter, compared to analyst estimates of $197.30 million. Simmons First National had a net margin of 10.49% and a return on equity of 5.33%. During the same quarter in the previous year, the firm posted $0.48 earnings per share. As a group, research analysts anticipate that Simmons First National will post 1.31 EPS for the current year.

Simmons First National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.21 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.95%. Simmons First National’s dividend payout ratio is presently 63.16%.

Institutional Trading of Simmons First National

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new stake in Simmons First National during the fourth quarter valued at about $29,000. Versant Capital Management Inc raised its holdings in shares of Simmons First National by 161.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock valued at $32,000 after buying an additional 1,137 shares in the last quarter. TFO Wealth Partners LLC lifted its position in Simmons First National by 250,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock worth $199,000 after buying an additional 10,006 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Simmons First National in the first quarter worth approximately $227,000. Finally, Summit Financial Wealth Advisors LLC grew its position in Simmons First National by 15.9% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank’s stock valued at $230,000 after acquiring an additional 1,590 shares during the last quarter. 27.58% of the stock is owned by institutional investors.

Simmons First National Company Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.