Simmons First National Corporation (NASDAQ:SFNC) Given Average Rating of “Hold” by Brokerages

Shares of Simmons First National Corporation (NASDAQ:SFNC) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $61.75.

A number of equities research analysts recently commented on SFNC shares. Zacks Investment Research cut shares of Simmons First National Corporation from a “buy” rating to a “sell” rating in a research note on Wednesday, April 26th. Raymond James Financial, Inc. raised shares of Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. BidaskClub raised shares of Simmons First National Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine cut shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Stephens raised shares of Simmons First National Corporation from an “equal weight” rating to a “buy” rating and raised their price target for the stock from $60.00 to $64.00 in a research note on Friday, July 21st.

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Shares of Simmons First National Corporation (SFNC) traded down 0.94% during trading on Friday, reaching $52.60. 141,642 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $52.93 and a 200-day moving average price of $55.03. Simmons First National Corporation has a 52 week low of $45.90 and a 52 week high of $67.00. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 17.38 and a beta of 1.12.

Simmons First National Corporation (NASDAQ:SFNC) last issued its quarterly earnings data on Wednesday, July 19th. The bank reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The firm had revenue of $112.56 million for the quarter, compared to analysts’ expectations of $110 million. Simmons First National Corporation had a net margin of 21.03% and a return on equity of 8.71%. Analysts predict that Simmons First National Corporation will post $3.16 earnings per share for the current year.

In other Simmons First National Corporation news, Director Joseph D. Porter sold 23,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $55.00, for a total transaction of $1,265,000.00. Following the sale, the director now directly owns 48,819 shares of the company’s stock, valued at approximately $2,685,045. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher R. Kirkland sold 547 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $55.00, for a total transaction of $30,085.00. Following the sale, the director now directly owns 228,399 shares in the company, valued at $12,561,945. The disclosure for this sale can be found here. 4.63% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Patten & Patten Inc. TN purchased a new stake in Simmons First National Corporation during the first quarter valued at about $478,000. Swiss National Bank raised its position in shares of Simmons First National Corporation by 3.3% in the first quarter. Swiss National Bank now owns 46,490 shares of the bank’s stock valued at $2,564,000 after buying an additional 1,500 shares during the last quarter. Bank of The Ozarks raised its position in shares of Simmons First National Corporation by 51.4% in the first quarter. Bank of The Ozarks now owns 11,778 shares of the bank’s stock valued at $650,000 after buying an additional 4,000 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Simmons First National Corporation by 4.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,790 shares of the bank’s stock valued at $374,000 after buying an additional 290 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Simmons First National Corporation by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,290 shares of the bank’s stock valued at $181,000 after buying an additional 70 shares during the last quarter. 56.61% of the stock is currently owned by institutional investors.

Simmons First National Corporation 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 and Tennessee.

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