Brokerages Set Simmons First National Corporation (NASDAQ:SFNC) PT at $22.43

Simmons First National Corporation (NASDAQ:SFNC) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $22.4286.

A number of analysts have recently weighed in on the company. Piper Sandler raised Simmons First National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Robert W. Baird raised Simmons First National from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. DA Davidson boosted their price target on Simmons First National from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Morgan Stanley boosted their target price on shares of Simmons First National from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd.

Simmons First National Stock Up 0.5%

Shares of Simmons First National stock opened at $21.36 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.09 billion, a P/E ratio of -7.71 and a beta of 0.93. The firm’s 50 day moving average price is $19.83 and its 200-day moving average price is $19.36. Simmons First National has a 52-week low of $17.00 and a 52-week high of $23.05.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Tuesday, January 20th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $249.00 million during the quarter, compared to the consensus estimate of $238.68 million. During the same period last year, the firm earned $0.39 earnings per share. Simmons First National’s revenue was up 19.4% compared to the same quarter last year. On average, sell-side analysts predict that Simmons First National will post 1.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Simmons First National

Several hedge funds have recently made changes to their positions in SFNC. EverSource Wealth Advisors LLC increased its holdings in shares of Simmons First National by 197.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,104 shares during the period. Hantz Financial Services Inc. boosted its position in Simmons First National by 35.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock valued at $36,000 after buying an additional 495 shares during the last quarter. Jones Financial Companies Lllp raised its position in Simmons First National by 42.5% during the 3rd 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 last quarter. Osaic Holdings Inc. raised its position in Simmons First National by 32.0% during the 2nd 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 last quarter. Finally, Systematic Financial Management LP acquired a new stake in Simmons First National during the 4th quarter valued at approximately $66,000. 27.58% of the stock is owned by institutional investors and hedge funds.

About Simmons First National

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.