Simmons First National (SFNC) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Simmons First National (NASDAQ:SFNC) from a sell rating to a hold rating in a report released on Tuesday morning.

Other analysts have also issued reports about the company. Sandler O’Neill lowered Simmons First National from a buy rating to a hold rating and set a $33.00 target price on the stock. in a report on Wednesday, July 25th. Zacks Investment Research lowered Simmons First National from a buy rating to a hold rating in a report on Wednesday, July 25th. Stephens set a $34.00 target price on Simmons First National and gave the stock a buy rating in a report on Monday, October 22nd. Robert W. Baird began coverage on Simmons First National in a report on Tuesday, October 16th. They set an outperform rating and a $34.00 target price on the stock. Finally, ValuEngine lowered Simmons First National from a sell rating to a strong sell rating in a report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $32.40.

SFNC opened at $26.28 on Tuesday. The firm has a market cap of $2.35 billion, a PE ratio of 15.37 and a beta of 0.99. Simmons First National has a 52-week low of $24.58 and a 52-week high of $33.45. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.82.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 13th. Simmons First National’s dividend payout ratio (DPR) is currently 35.09%.

In other news, Director Russell William Teubner sold 2,928 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $30.25, for a total transaction of $88,572.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.76% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SFNC. Wells Fargo & Company MN boosted its stake in Simmons First National by 111.7% in the first quarter. Wells Fargo & Company MN now owns 109,412 shares of the bank’s stock valued at $3,113,000 after buying an additional 57,718 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Simmons First National by 59.5% in the first quarter. Russell Investments Group Ltd. now owns 44,232 shares of the bank’s stock valued at $1,258,000 after buying an additional 16,499 shares in the last quarter. UBS Group AG boosted its stake in Simmons First National by 1,073.2% in the first quarter. UBS Group AG now owns 26,819 shares of the bank’s stock valued at $763,000 after buying an additional 24,533 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Simmons First National by 83.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,500 shares of the bank’s stock valued at $469,000 after buying an additional 7,500 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in Simmons First National in the first quarter valued at about $217,000. 29.99% of the stock is currently owned by institutional investors and hedge funds.

About Simmons First National

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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