Simmons First National Co. (NASDAQ:SFNC) shares saw unusually-high trading volume on Friday . Approximately 1,275,175 shares changed hands during mid-day trading, an increase of 216% from the previous session’s volume of 403,609 shares.The stock last traded at $25.89 and had previously closed at $25.43.
SFNC has been the topic of a number of research reports. Stephens set a $32.00 price target on shares of Simmons First National and gave the stock a “buy” rating in a research note on Friday, November 16th. ValuEngine raised shares of Simmons First National from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 20th. Zacks Investment Research raised shares of Simmons First National from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, November 21st. Finally, BidaskClub raised shares of Simmons First National from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $31.50.
The firm has a market capitalization of $2.36 billion, a PE ratio of 10.92 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.00 and a current ratio of 1.00.
Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61. Simmons First National had a net margin of 26.16% and a return on equity of 10.14%. The firm had revenue of $172.37 million during the quarter, compared to analysts’ expectations of $177.84 million. As a group, equities analysts expect that Simmons First National Co. will post 2.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.47%. This is a boost from Simmons First National’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, March 14th. Simmons First National’s dividend payout ratio is 25.32%.
In other news, CEO George Makris, Jr. purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, January 30th. The stock was bought at an average cost of $24.85 per share, for a total transaction of $248,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 220,766 shares of the company’s stock, valued at $5,486,035.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.76% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Simmons First National by 3.0% in the fourth quarter. BlackRock Inc. now owns 13,561,463 shares of the bank’s stock valued at $327,238,000 after buying an additional 391,028 shares during the period. Vanguard Group Inc. lifted its stake in shares of Simmons First National by 3.6% in the third quarter. Vanguard Group Inc. now owns 8,225,217 shares of the bank’s stock valued at $242,234,000 after buying an additional 289,561 shares during the period. Vanguard Group Inc lifted its stake in shares of Simmons First National by 3.6% in the third quarter. Vanguard Group Inc now owns 8,225,217 shares of the bank’s stock valued at $242,234,000 after buying an additional 289,561 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Simmons First National by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,353,621 shares of the bank’s stock valued at $129,183,000 after buying an additional 227,228 shares during the period. Finally, King Luther Capital Management Corp lifted its stake in shares of Simmons First National by 2.3% in the fourth quarter. King Luther Capital Management Corp now owns 1,328,483 shares of the bank’s stock valued at $32,056,000 after buying an additional 30,342 shares during the period. Institutional investors and hedge funds own 22.74% of the company’s stock.
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Simmons First National Company Profile (NASDAQ:SFNC)
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
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