Simmons First National (NASDAQ:SFNC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Simmons First National (NASDAQ:SFNC) from a sell rating to a hold rating in a report issued on Monday morning.

SFNC has been the subject of a number of other reports. Stephens upgraded Simmons First National from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $27.00 to $28.00 in a research note on Monday. Piper Sandler upped their target price on shares of Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.

Simmons First National Stock Up 0.8 %

Shares of Simmons First National stock opened at $23.30 on Monday. Simmons First National has a twelve month low of $13.36 and a twelve month high of $23.74. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $21.37 and its 200 day moving average is $19.35. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 17.52 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. The firm had revenue of $203.20 million for the quarter, compared to analysts’ expectations of $204.91 million. During the same period in the prior year, the firm earned $0.39 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. Research analysts anticipate that Simmons First National will post 1.32 EPS for the current year.

Insider Activity at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total transaction of $76,356.00. Following the sale, the chief accounting officer now owns 64,966 shares in the company, valued at approximately $1,377,928.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total value of $76,356.00. Following the completion of the sale, the chief accounting officer now owns 64,966 shares in the company, valued at approximately $1,377,928.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert A. Fehlman sold 8,680 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.93, for a total value of $190,352.40. Following the sale, the chief executive officer now directly owns 156,357 shares in the company, valued at approximately $3,428,909.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,700 shares of company stock worth $728,952. 1.91% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFNC. Versant Capital Management Inc boosted its position in shares of Simmons First National by 161.0% during the second quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock worth $32,000 after acquiring an additional 1,137 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Simmons First National by 2,045.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,888 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,800 shares during the last quarter. Profund Advisors LLC purchased a new position in shares of Simmons First National during the second quarter valued at about $183,000. Alexander Labrunerie & CO. Inc. bought a new stake in shares of Simmons First National in the third quarter worth about $209,000. Finally, Algert Global LLC bought a new stake in Simmons First National in the 2nd quarter worth approximately $222,000. 27.58% of the stock is currently owned by institutional investors.

Simmons First National Company Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.