Simmons First National Corporation (NASDAQ:SFNC) Receives $22.33 Consensus PT from Brokerages

Shares of Simmons First National Corporation (NASDAQ:SFNC) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.4286.

SFNC has been the subject of a number of recent research reports. Zacks Research cut shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Piper Sandler raised shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Simmons First National in a research report on Monday, December 29th. Wall Street Zen downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Sunday, January 18th. Finally, Raymond James Financial upgraded Simmons First National from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a report on Thursday.

Simmons First National Stock Down 4.8%

Shares of SFNC opened at $20.08 on Friday. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -7.25 and a beta of 0.89. Simmons First National has a 1 year low of $17.00 and a 1 year high of $23.44. The business’s 50 day simple moving average is $19.01 and its 200-day simple moving average is $19.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.88.

Simmons First National (NASDAQ:SFNC) last posted its earnings results on Tuesday, January 20th. The bank reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. Simmons First National had a negative net margin of 27.83% and a positive return on equity of 6.73%. The firm had revenue of $249.00 million during the quarter, compared to analyst estimates of $238.68 million. During the same period last year, the firm posted $0.39 earnings per share. Simmons First National’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, equities analysts expect that Simmons First National will post 1.66 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 15th were paid a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, December 15th. Simmons First National’s payout ratio is presently -30.69%.

Insiders Place Their Bets

In other news, Director Steven A. Cosse bought 8,603 shares of Simmons First National stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $17.44 per share, with a total value of $150,036.32. Following the completion of the purchase, the director owned 113,652 shares in the company, valued at $1,982,090.88. The trade was a 8.19% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On Simmons First National

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Simmons First National by 197.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after purchasing an additional 1,104 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Simmons First National by 42.5% in the third quarter. Jones Financial Companies Lllp now owns 2,175 shares of the bank’s stock worth $43,000 after buying an additional 649 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Simmons First National by 32.0% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock worth $50,000 after buying an additional 644 shares during the period. GAMMA Investing LLC lifted its stake in shares of Simmons First National by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,426 shares of the bank’s stock worth $65,000 after acquiring an additional 892 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Simmons First National by 68.4% during the 3rd quarter. Covestor Ltd now owns 5,938 shares of the bank’s stock valued at $114,000 after acquiring an additional 2,412 shares during the period. 27.58% of the stock is currently owned by institutional investors.

Simmons First National Company Profile

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.