Simmons First National Corporation (SFNC) – What Are Researchers Thinking About This Stock?

Shares of Simmons First National Corporation (NASDAQ:SFNC) have been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $25.69.

A number of brokerages have recently issued reports on SFNC. National Bank Financial set a $26.00 price target on shares of Simmons First National in a research report on Friday, September 4th. Robert W. Baird set a $25.00 price objective on shares of Simmons First National in a research report on Monday, October 19th. Morgan Stanley lifted their target price on shares of Simmons First National from $26.00 to $27.00 and gave the stock an “underweight” rating in a research note on Monday, October 19th. Piper Sandler upgraded shares of Simmons First National from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $26.00 to $27.50 in a report on Friday, September 4th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Simmons First National from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday, October 19th.

Simmons First National Stock Performance

NASDAQ:SFNC opened at $23.31 on Tuesday. The stock’s 50-day moving average is $22.82 and its 200-day moving average is $22.33. The stock has a market cap of $3.37 billion, a P/E ratio of 13.02 and a beta of 0.92. Simmons First National has a 1-year low of $17.00 and a 1-year high of $24.32. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.50.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Thursday, October 15th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. Simmons First National had a return on equity of 8.73% and a net margin of 18.38%. The business had revenue of $251.17 million during the quarter, compared to analyst estimates of $254.03 million. During the same period last year, the company earned $0.46 EPS. Simmons First National’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Simmons First National will post 2.08 earnings per share for the current year.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a dividend of $0.2150 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.86 annualized dividend and a dividend yield of 3.7%. Simmons First National’s dividend payout ratio (DPR) is 48.04%.

Institutional Trading of Simmons First National

Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in shares of Simmons First National in the third quarter worth approximately $42,000. Nisa Investment Advisors LLC boosted its position in shares of Simmons First National by 11.3% during the third quarter. Nisa Investment Advisors LLC now owns 5,116 shares of the bank’s stock valued at $117,000 after buying an additional 521 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Simmons First National during the third quarter valued at approximately $656,000. Nolet Wealth Management LLC bought a new stake in Simmons First National during the third quarter worth $245,000. Finally, GAMMA Investing LLC grew its holdings in Simmons First National by 8.2% during the third quarter. GAMMA Investing LLC now owns 16,647 shares of the bank’s stock worth $376,000 after buying an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.

Simmons First National Company Profile

Simmons First National Corporation is a financial holding company headquartered in Pine Bluff, Arkansas. Its principal subsidiary, Simmons Bank, provides banking and financial services to individuals, families, businesses and institutions.

The bank offers deposit accounts, consumer and commercial lending, residential and commercial real estate financing, treasury and cash-management services, credit cards, and online and mobile banking. It also provides wealth management, trust, investment and insurance services through specialized business lines.

Founded in 1903, Simmons has expanded from its Arkansas roots into a regional banking franchise serving customers through branches and financial centers across Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.