Simmons First National (NASDAQ:SFNC) Rating Increased to Neutral at Piper Sandler

Simmons First National (NASDAQ:SFNC) was upgraded by Piper Sandler from an “underweight” rating to a “neutral” rating in a research report issued on Monday,Finviz reports. The firm currently has a $21.00 price target on the bank’s stock, up from their previous price target of $20.00. Piper Sandler’s target price would suggest a potential upside of 21.00% from the stock’s current price.

Separately, Stephens cut their price target on Simmons First National from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd.

Simmons First National Stock Performance

Shares of NASDAQ:SFNC traded down $0.03 during trading on Monday, reaching $17.36. The company had a trading volume of 92,453 shares, compared to its average volume of 600,778. The stock’s fifty day moving average price is $20.28 and its 200 day moving average price is $22.15. Simmons First National has a fifty-two week low of $16.03 and a fifty-two week high of $25.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 14.32 and a beta of 0.82.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The business had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. During the same period in the prior year, the business earned $0.32 earnings per share. As a group, equities research analysts predict that Simmons First National will post 1.66 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp purchased a new stake in Simmons First National during the fourth quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Simmons First National in the 4th quarter valued at about $36,000. Quarry LP acquired a new position in shares of Simmons First National in the 4th quarter valued at approximately $47,000. Smartleaf Asset Management LLC grew its position in shares of Simmons First National by 168.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock worth $48,000 after buying an additional 1,345 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Simmons First National by 813.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank’s stock valued at $87,000 after acquiring an additional 3,483 shares in the last quarter. 27.58% of the stock is currently owned by hedge funds and other 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.