Several other analysts also recently weighed in on SFNC. Zacks Investment Research downgraded Simmons First National from a buy rating to a hold rating in a research note on Saturday, September 30th. Piper Jaffray Companies restated a neutral rating and set a $60.00 target price on shares of Simmons First National in a research note on Thursday, October 5th. Finally, BidaskClub upgraded Simmons First National from a sell rating to a hold rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $62.60.
Shares of Simmons First National (NASDAQ SFNC) traded up $0.20 during trading hours on Thursday, reaching $57.10. The company had a trading volume of 230,530 shares, compared to its average volume of 243,260. Simmons First National has a 1 year low of $49.75 and a 1 year high of $61.95. The company has a market cap of $2,615.69, a P/E ratio of 18.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.90 and a current ratio of 0.90.
In other Simmons First National news, Director Russell William Teubner sold 4,334 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $55.69, for a total value of $241,360.46. Following the completion of the transaction, the director now owns 705 shares of the company’s stock, valued at approximately $39,261.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Barry K. Ledbetter sold 1,900 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $57.37, for a total value of $109,003.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 349,122 shares of company stock valued at $19,827,028. 4.63% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of SFNC. Riverhead Capital Management LLC raised its holdings in Simmons First National by 63.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock valued at $113,000 after acquiring an additional 831 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Simmons First National by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock valued at $168,000 after acquiring an additional 476 shares in the last quarter. Amalgamated Bank raised its holdings in Simmons First National by 3.8% in the 2nd quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock valued at $218,000 after acquiring an additional 151 shares in the last quarter. Ifrah Financial Services Inc. acquired a new position in Simmons First National in the 3rd quarter valued at approximately $246,000. Finally, SG Americas Securities LLC acquired a new position in Simmons First National in the 3rd quarter valued at approximately $278,000. 51.33% of the stock is owned by hedge funds and other institutional investors.
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Simmons First National 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, Tennessee, Colorado, Oklahoma and Texas.
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