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

Simmons First National (NASDAQ:SFNC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Several other analysts also recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. Stephens raised their price target on shares of Simmons First National from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.75.

Simmons First National Stock Up 0.8 %

SFNC opened at $21.45 on Monday. The company has a market cap of $2.69 billion, a PE ratio of 16.13 and a beta of 0.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.80. Simmons First National has a 1 year low of $13.36 and a 1 year high of $22.29. The firm has a 50 day moving average price of $18.08 and a 200 day moving average price of $18.43.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $372.44 million for the quarter, compared to analysts’ expectations of $197.30 million. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Sell-side analysts expect that Simmons First National will post 1.31 earnings per share for the current year.

Insider Buying and Selling at Simmons First National

In other news, CEO Robert A. Fehlman sold 8,680 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.93, for a total transaction of $190,352.40. Following the completion of the transaction, the chief executive officer now owns 156,357 shares in the company, valued at $3,428,909.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Robert A. Fehlman sold 8,680 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman George Makris, Jr. sold 21,420 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $21.58, for a total value of $462,243.60. Following the transaction, the chairman now owns 608,347 shares of the company’s stock, valued at approximately $13,128,128.26. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SFNC. Raymond James Financial Services Advisors Inc. increased its position in shares of Simmons First National by 29.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 17,235 shares of the bank’s stock valued at $342,000 after purchasing an additional 3,927 shares during the period. International Assets Investment Management LLC lifted its holdings in Simmons First National by 978.8% in the 4th quarter. International Assets Investment Management LLC now owns 13,323 shares of the bank’s stock valued at $264,000 after acquiring an additional 12,088 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Simmons First National in the 4th quarter valued at about $1,242,000. Strs Ohio boosted its position in shares of Simmons First National by 23.9% during the 4th quarter. Strs Ohio now owns 52,300 shares of the bank’s stock valued at $1,037,000 after purchasing an additional 10,100 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC grew its stake in shares of Simmons First National by 3.8% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 70,298 shares of the bank’s stock worth $1,408,000 after purchasing an additional 2,550 shares during the last quarter. 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.