Analysts’ Recent Ratings Updates for Simmons First National (SFNC)

Simmons First National (NASDAQ: SFNC) has recently received a number of price target changes and ratings updates:

  • 3/27/2019 – Simmons First National was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SIMMONS FIRST NATIONAL CORP bank holding company registered under the Bank Holding Act of 1956. Through its subsidiaries, Co. provides a full range of banking and mortgage services to individual and corporate customers. “
  • 3/27/2019 – Simmons First National was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/15/2019 – Simmons First National was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/15/2019 – Simmons First National is now covered by analysts at DA Davidson. They set a “buy” rating and a $31.00 price target on the stock.
  • 3/7/2019 – Simmons First National was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 3/6/2019 – Simmons First National was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/23/2019 – Simmons First National was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/8/2019 – Simmons First National was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

Shares of Simmons First National stock opened at $25.31 on Thursday. The stock has a market capitalization of $2.32 billion, a P/E ratio of 10.68 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.00 and a quick ratio of 1.00. Simmons First National Co. has a 1 year low of $22.64 and a 1 year high of $33.45.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. Simmons First National had a return on equity of 10.14% and a net margin of 26.16%. The firm had revenue of $172.37 million during the quarter, compared to the consensus estimate of $177.84 million. On average, research analysts forecast that Simmons First National Co. will post 2.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, March 14th. This is a positive change from Simmons First National’s previous quarterly dividend of $0.15. Simmons First National’s dividend payout ratio is presently 27.00%.

In related news, CEO George Makris, Jr. bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The shares were acquired at an average price of $24.85 per share, for a total transaction of $248,500.00. Following the completion of the acquisition, the chief executive officer now owns 220,766 shares of the company’s stock, valued at approximately $5,486,035.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.02% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in Simmons First National by 17.2% in the third quarter. Wells Fargo & Company MN now owns 149,656 shares of the bank’s stock worth $4,407,000 after acquiring an additional 21,958 shares in the last quarter. Rhumbline Advisers raised its position in shares of Simmons First National by 8.5% during the 3rd quarter. Rhumbline Advisers now owns 223,423 shares of the bank’s stock valued at $6,580,000 after acquiring an additional 17,416 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Simmons First National by 32.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,032 shares of the bank’s stock valued at $649,000 after acquiring an additional 5,447 shares in the last quarter. Bank of New York Mellon Corp increased its position in Simmons First National by 13.3% in the third quarter. Bank of New York Mellon Corp now owns 1,197,113 shares of the bank’s stock worth $35,254,000 after buying an additional 140,846 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Simmons First National by 14.1% during the third quarter. BlackRock Inc. now owns 13,170,435 shares of the bank’s stock valued at $387,870,000 after purchasing an additional 1,631,285 shares during the period. Hedge funds and other institutional investors own 22.68% of the company’s stock.

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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