Simmons First National (NASDAQ:SFNC) Upgraded to Hold at StockNews.com

Simmons First National (NASDAQ:SFNC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

SFNC has been the subject of a number of other reports. Stephens raised shares of Simmons First National from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $27.00 to $28.00 in a research note on Monday. Piper Sandler increased their price target on shares of Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Simmons First National currently has a consensus rating of “Hold” and a consensus price target of $23.00.

Simmons First National Trading Down 2.2 %

SFNC stock traded down $0.51 during mid-day trading on Monday, reaching $22.77. 868,534 shares of the stock traded hands, compared to its average volume of 673,162. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. Simmons First National has a 52-week low of $13.36 and a 52-week high of $23.74. The company has a market cap of $2.86 billion, a P/E ratio of 22.32 and a beta of 0.87. The stock’s fifty day moving average is $21.22 and its 200-day moving average is $19.29.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Simmons First National had a net margin of 10.49% and a return on equity of 5.33%. The company had revenue of $203.20 million during the quarter, compared to analyst estimates of $204.91 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Simmons First National will post 1.32 earnings per share for the current year.

Insider Transactions at Simmons First National

In related news, CEO Robert A. Fehlman sold 8,680 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $21.93, for a total transaction of $190,352.40. Following the transaction, the chief executive officer now owns 156,357 shares of the company’s stock, valued at approximately $3,428,909.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Robert A. Fehlman sold 8,680 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $21.93, for a total transaction of $190,352.40. Following the transaction, the chief executive officer now owns 156,357 shares of the company’s stock, valued at approximately $3,428,909.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman George Makris, Jr. sold 21,420 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $21.58, for a total transaction of $462,243.60. Following the transaction, the chairman now directly owns 608,347 shares in the company, valued at approximately $13,128,128.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,700 shares of company stock valued at $728,952 over the last three months. 1.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Simmons First National

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 1900 Wealth Management LLC grew its holdings in Simmons First National by 1.1% during the second quarter. 1900 Wealth Management LLC now owns 48,948 shares of the bank’s stock valued at $860,000 after purchasing an additional 533 shares during the last quarter. Arizona State Retirement System grew its holdings in Simmons First National by 2.0% during the second quarter. Arizona State Retirement System now owns 35,085 shares of the bank’s stock valued at $617,000 after purchasing an additional 686 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Simmons First National by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 63,100 shares of the bank’s stock valued at $1,109,000 after purchasing an additional 1,100 shares during the last quarter. Versant Capital Management Inc grew its holdings in Simmons First National by 161.0% during the second quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,137 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in Simmons First National by 1.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 73,077 shares of the bank’s stock valued at $1,285,000 after purchasing an additional 1,186 shares during the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.

About Simmons First National

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.