Shares of Simmons First National Corporation (NASDAQ:SFNC) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $61.75.

A number of equities analysts recently commented on SFNC shares. ValuEngine cut shares of Simmons First National Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Simmons First National Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Sandler O’Neill upgraded shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Friday, April 21st. BidaskClub upgraded shares of Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, Keefe, Bruyette & Woods set a $67.00 price objective on shares of Simmons First National Corporation and gave the company a “hold” rating in a research report on Monday, April 10th.

TRADEMARK VIOLATION WARNING: “Analysts Set Simmons First National Corporation (SFNC) Price Target at $61.75” was originally published by Daily Political and is the property of of Daily Political. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/08/07/analysts-set-simmons-first-national-corporation-sfnc-price-target-at-61-75.html.

In related news, CEO George Makris, Jr. bought 2,000 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were purchased at an average price of $52.00 per share, with a total value of $104,000.00. Following the purchase, the chief executive officer now owns 102,883 shares of the company’s stock, valued at approximately $5,349,916. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph D. Porter sold 23,000 shares of Simmons First National Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $55.00, for a total transaction of $1,265,000.00. Following the sale, the director now directly owns 48,819 shares in the company, valued at approximately $2,685,045. The disclosure for this sale can be found here. Insiders sold 23,843 shares of company stock worth $1,311,365 in the last 90 days. Corporate insiders own 4.63% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Elkfork Partners LLC raised its stake in shares of Simmons First National Corporation by 16.1% in the first quarter. Elkfork Partners LLC now owns 2,016 shares of the bank’s stock worth $111,000 after buying an additional 280 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Simmons First National Corporation by 16.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,448 shares of the bank’s stock worth $135,000 after buying an additional 340 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Simmons First National Corporation during the first quarter worth $140,000. Victory Capital Management Inc. raised its stake in shares of Simmons First National Corporation by 23.8% in the first quarter. Victory Capital Management Inc. now owns 2,706 shares of the bank’s stock worth $149,000 after buying an additional 521 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Simmons First National Corporation during the fourth quarter worth $158,000. 56.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Simmons First National Corporation (NASDAQ:SFNC) traded down 0.47% during mid-day trading on Friday, hitting $53.30. 24,695 shares of the company traded hands. Simmons First National Corporation has a 1-year low of $45.50 and a 1-year high of $67.00. The firm’s 50 day moving average price is $52.91 and its 200-day moving average price is $55.06. The stock has a market capitalization of $1.69 billion, a PE ratio of 17.61 and a beta of 1.12.

Simmons First National Corporation (NASDAQ:SFNC) last issued its earnings results on Wednesday, July 19th. The bank reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $112.56 million for the quarter, compared to analysts’ expectations of $110 million. Simmons First National Corporation had a net margin of 21.03% and a return on equity of 8.71%. On average, equities research analysts forecast that Simmons First National Corporation will post $3.16 EPS for the current year.

Simmons First National Corporation Company Profile

Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri and Tennessee.

Receive News & Ratings for Simmons First National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simmons First National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.