Simmons First National Corp. (SFNC) Sees Large Volume Increase
Shares of Simmons First National Corp. (NASDAQ:SFNC) saw strong trading volume on Tuesday . 59,294 shares traded hands during trading, a decline of 4% from the previous session’s volume of 61,457 shares.The stock last traded at $49.92 and had previously closed at $49.65.
A number of research analysts recently issued reports on SFNC shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $53.00 price objective (down previously from $54.00) on shares of Simmons First National Corp. in a report on Wednesday, June 8th. Zacks Investment Research cut shares of Simmons First National Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Finally, Stephens cut shares of Simmons First National Corp. from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $52.00 to $50.00 in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.80.
The firm’s 50-day moving average is $47.51 and its 200-day moving average is $45.79. The company has a market capitalization of $1.52 billion and a P/E ratio of 16.55.
Simmons First National Corp. (NASDAQ:SFNC) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. On average, equities analysts expect that Simmons First National Corp. will post $3.17 EPS for the current fiscal year.
A hedge fund recently raised its stake in Simmons First National Corp. stock. Stephens Inc. AR increased its position in shares of Simmons First National Corp. (NASDAQ:SFNC) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,590 shares of the company’s stock after buying an additional 4,245 shares during the period. Stephens Inc. AR owned 0.09% of Simmons First National Corp. worth $1,366,000 at the end of the most recent quarter.
Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits.
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