Simmons First National Co. (SFNC) Short Interest Down 49.6% in February
Simmons First National Co. (NASDAQ:SFNC) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 1,282,379 shares, a decline of 49.6% from the January 31st total of 2,544,772 shares. Based on an average trading volume of 464,760 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.4% of the shares of the stock are short sold.
Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Simmons First National from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. BidaskClub raised Simmons First National from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Sandler O’Neill raised Simmons First National from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, January 24th. Finally, Piper Jaffray Companies set a $30.00 price objective on Simmons First National and gave the company a “hold” rating in a research note on Thursday, November 16th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $31.90.
In other Simmons First National news, EVP Steven C. Wade sold 8,610 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $29.34, for a total transaction of $252,617.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vernon Wilson Jr. Bryant sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $28.99, for a total value of $289,900.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 238,610 shares of company stock valued at $13,222,817. Insiders own 4.63% of the company’s stock.
Simmons First National (SFNC) opened at $29.20 on Friday. Simmons First National has a 52 week low of $24.88 and a 52 week high of $30.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2,641.64, a P/E ratio of 21.31 and a beta of 1.15.
Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Monday, January 22nd. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Simmons First National had a return on equity of 8.28% and a net margin of 17.41%. The company had revenue of $163.55 million during the quarter, compared to the consensus estimate of $155.80 million. analysts expect that Simmons First National will post 2.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, March 14th. Simmons First National’s dividend payout ratio is currently 36.50%.
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About Simmons First National
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, Tennessee, Colorado, Oklahoma and Texas.
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