Simmons First National Co. (SFNC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Simmons First National Co. (NASDAQ:SFNC) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.80.

Several equities research analysts recently issued reports on SFNC shares. Zacks Investment Research raised Simmons First National from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Friday, October 26th. Stephens set a $34.00 price objective on Simmons First National and gave the stock a “buy” rating in a research note on Monday, October 22nd. BidaskClub raised Simmons First National from a “hold” rating to a “buy” rating in a research note on Thursday, August 16th. Finally, Robert W. Baird started coverage on Simmons First National in a research note on Tuesday, October 16th. They issued an “outperform” rating and a $34.00 price objective for the company.

Shares of Simmons First National stock opened at $27.29 on Wednesday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 15.96 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 1.01. Simmons First National has a 1 year low of $24.58 and a 1 year high of $33.45.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data 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 firm had revenue of $176.69 million during the quarter, compared to the consensus estimate of $175.20 million. Simmons First National had a return on equity of 9.66% and a net margin of 22.55%. On average, research analysts forecast that Simmons First National will post 2.38 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Thursday, December 13th. Simmons First National’s dividend payout ratio (DPR) is presently 35.09%.

In other news, EVP Patrick A. Burrow purchased 1,500 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was bought at an average cost of $27.65 per share, with a total value of $41,475.00. Following the purchase, the executive vice president now directly owns 31,829 shares of the company’s stock, valued at $880,071.85. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.76% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of SFNC. Victory Capital Management Inc. raised its stake in shares of Simmons First National by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 14,552 shares of the bank’s stock worth $435,000 after purchasing an additional 1,995 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Simmons First National during the 2nd quarter worth about $496,000. Sei Investments Co. raised its stake in shares of Simmons First National by 168.9% during the 2nd quarter. Sei Investments Co. now owns 183,385 shares of the bank’s stock worth $5,483,000 after purchasing an additional 115,192 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Simmons First National by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 206,007 shares of the bank’s stock valued at $6,160,000 after acquiring an additional 7,530 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Simmons First National by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,056,267 shares of the bank’s stock valued at $31,581,000 after acquiring an additional 12,231 shares during the last quarter. 27.87% of the stock is owned by institutional investors.

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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