Simmons First National (NASDAQ:SFNC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
A number of other research analysts also recently issued reports on SFNC. Zacks Investment Research upgraded shares of Simmons First National from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Saturday, January 13th. Sandler O’Neill set a $63.00 price target on shares of Simmons First National and gave the stock a “hold” rating in a research report on Thursday, January 4th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $60.00 price target on shares of Simmons First National in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $62.80.
Simmons First National (SFNC) opened at $59.15 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.90 and a quick ratio of 0.90. Simmons First National has a 52-week low of $49.75 and a 52-week high of $61.95. The stock has a market cap of $2,719.13, a PE ratio of 17.82 and a beta of 1.15.
Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Sunday, October 22nd. The bank reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.01). Simmons First National had a return on equity of 8.79% and a net margin of 21.58%. research analysts anticipate that Simmons First National will post 3.31 earnings per share for the current year.
In related news, EVP Barry K. Ledbetter sold 1,900 shares of Simmons First National stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $57.37, for a total value of $109,003.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Russell William Teubner sold 4,334 shares of Simmons First National stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $55.69, for a total transaction of $241,360.46. Following the completion of the sale, the director now owns 705 shares in the company, valued at $39,261.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 349,122 shares of company stock worth $19,827,028. 4.63% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of SFNC. Rowland & Co. Investment Counsel ADV bought a new stake in Simmons First National in the 4th quarter valued at about $107,000. Riverhead Capital Management LLC lifted its position 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 purchasing an additional 831 shares during the last quarter. Victory Capital Management Inc. lifted its position 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 purchasing an additional 476 shares during the last quarter. Amalgamated Bank lifted its position 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 purchasing an additional 151 shares during the last quarter. Finally, Ifrah Financial Services Inc. bought a new stake in Simmons First National in the 3rd quarter valued at about $246,000. Hedge funds and other institutional investors own 51.33% of the company’s stock.
About Simmons First National
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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