Simmons First National (NASDAQ:SFNC) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Tuesday.

Several other research firms have also recently commented on SFNC. Zacks Investment Research cut shares of Simmons First National from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Stephens set a $32.00 target price on shares of Simmons First National and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird initiated coverage on shares of Simmons First National in a research note on Tuesday, October 16th. They issued an “outperform” rating and a $34.00 target price for the company. Finally, Sandler O’Neill cut shares of Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.00.

SFNC stock opened at $27.74 on Tuesday. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 16.22 and a beta of 1.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 1.01. Simmons First National has a one year low of $24.58 and a one year high of $33.45.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Monday, October 22nd. The bank reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The firm had revenue of $176.69 million during the quarter, compared to analysts’ expectations of $175.20 million. Simmons First National had a net margin of 22.55% and a return on equity of 9.66%. As a group, sell-side analysts expect that Simmons First National will post 2.38 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in SFNC. Piedmont Investment Advisors LLC lifted its holdings in shares of Simmons First National by 10.3% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 18,481 shares of the bank’s stock valued at $553,000 after acquiring an additional 1,729 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Simmons First National by 17.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 12,492 shares of the bank’s stock valued at $374,000 after acquiring an additional 1,864 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Simmons First National by 16.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 13,660 shares of the bank’s stock valued at $408,000 after acquiring an additional 1,900 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Simmons First National by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 14,552 shares of the bank’s stock valued at $435,000 after acquiring an additional 1,995 shares in the last quarter. Finally, Horrell Capital Management Inc. lifted its holdings in shares of Simmons First National by 4.1% during the 2nd quarter. Horrell Capital Management Inc. now owns 61,220 shares of the bank’s stock valued at $1,830,000 after acquiring an additional 2,410 shares in the last quarter. Institutional investors own 60.11% of the company’s stock.

About Simmons First National

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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