Simmons First National (NASDAQ:SFNC) Price Target Lowered to $20.00 at Keefe, Bruyette & Woods

Simmons First National (NASDAQ:SFNC) had its price objective lowered by equities researchers at Keefe, Bruyette & Woods from $21.00 to $20.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 14.29% from the company’s previous close.

A number of other research analysts have also recently weighed in on SFNC. StockNews.com cut shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Robert W. Baird raised their price objective on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.00.

Simmons First National Trading Down 2.0 %

Shares of SFNC opened at $17.50 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $18.75 and a 200-day simple moving average of $17.99. Simmons First National has a 1-year low of $13.36 and a 1-year high of $20.82. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 13.16 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. The business had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $202.35 million. During the same period last year, the company posted $0.37 EPS. The company’s revenue was down 12.8% on a year-over-year basis. Equities analysts forecast that Simmons First National will post 1.35 EPS for the current fiscal year.

Institutional Trading of Simmons First National

Several hedge funds and other institutional investors have recently bought and sold shares of SFNC. Simmons Bank boosted its holdings in shares of Simmons First National by 9.8% in the 4th quarter. Simmons Bank now owns 1,977,793 shares of the bank’s stock valued at $39,239,000 after purchasing an additional 175,716 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Simmons First National by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,603,937 shares of the bank’s stock valued at $31,822,000 after purchasing an additional 69,560 shares during the last quarter. Norges Bank acquired a new position in shares of Simmons First National in the 4th quarter valued at $27,751,000. Goldman Sachs Group Inc. boosted its holdings in shares of Simmons First National by 54.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 992,678 shares of the bank’s stock valued at $19,695,000 after purchasing an additional 349,534 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Simmons First National by 5.7% in the 3rd quarter. LSV Asset Management now owns 630,600 shares of the bank’s stock valued at $10,695,000 after purchasing an additional 33,770 shares during the last quarter. 27.58% of the stock is owned by hedge funds and other institutional investors.

About Simmons First National

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.