Simmons First National Co. (NASDAQ:SFNC) Given Consensus Recommendation of “Hold” by Analysts

Shares of Simmons First National Co. (NASDAQ:SFNC) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.50.

Several equities analysts have recently commented on the stock. BidaskClub cut shares of Simmons First National from a “sell” rating to a “strong sell” rating in a research report on Friday, August 21st. Raymond James upgraded shares of Simmons First National from a “market perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research report on Wednesday, June 17th. Finally, Zacks Investment Research raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th.

In related news, CEO George Makris, Jr. purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were bought at an average cost of $16.72 per share, with a total value of $167,200.00. Following the acquisition, the chief executive officer now owns 451,346 shares of the company’s stock, valued at approximately $7,546,505.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SFNC. Federated Hermes Inc. grew its holdings in Simmons First National by 1,856.0% during the 2nd quarter. Federated Hermes Inc. now owns 1,780 shares of the bank’s stock worth $31,000 after acquiring an additional 1,689 shares during the last quarter. Private Advisor Group LLC bought a new stake in Simmons First National during the 2nd quarter worth approximately $53,000. Marshall Wace North America L.P. bought a new stake in Simmons First National during the 1st quarter worth approximately $59,000. PNC Financial Services Group Inc. grew its holdings in Simmons First National by 16.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,533 shares of the bank’s stock worth $78,000 after acquiring an additional 625 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Simmons First National by 162.8% during the 1st quarter. Meeder Asset Management Inc. now owns 4,468 shares of the bank’s stock worth $82,000 after acquiring an additional 2,768 shares during the last quarter. 25.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:SFNC traded down $0.26 during midday trading on Tuesday, hitting $15.11. The stock had a trading volume of 469,503 shares, compared to its average volume of 670,570. The company’s 50-day moving average price is $17.21 and its 200-day moving average price is $17.18. The company has a market capitalization of $1.65 billion, a P/E ratio of 5.93 and a beta of 0.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.61. Simmons First National has a fifty-two week low of $13.75 and a fifty-two week high of $27.29.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Tuesday, July 21st. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.30 by $0.25. The company had revenue of $213.91 million during the quarter, compared to analysts’ expectations of $201.13 million. Simmons First National had a net margin of 25.20% and a return on equity of 10.25%. During the same period in the previous year, the company earned $0.68 EPS. Research analysts expect that Simmons First National will post 2.2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Monday, September 14th. Simmons First National’s dividend payout ratio (DPR) is presently 24.91%.

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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