Simmons First National (NASDAQ:SFNC) Hits New 1-Year High – Should You Buy?

Simmons First National Co. (NASDAQ:SFNC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.88 and last traded at $23.86, with a volume of 12658 shares trading hands. The stock had previously closed at $23.53.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com upgraded Simmons First National from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods upped their price objective on Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Stephens upgraded Simmons First National from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $27.00 to $28.00 in a research note on Monday, October 21st. Finally, Piper Sandler upped their price objective on Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.00.

Simmons First National Price Performance

The business has a fifty day moving average of $21.64 and a 200-day moving average of $19.49. The firm has a market cap of $3.00 billion, a PE ratio of 23.07 and a beta of 0.87. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $203.20 million for the quarter, compared to analysts’ expectations of $204.91 million. Simmons First National had a return on equity of 5.15% and a net margin of 8.94%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. As a group, research analysts predict that Simmons First National Co. will post 1.32 earnings per share for the current year.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $21.21, for a total value of $76,356.00. Following the sale, the chief accounting officer now owns 64,966 shares of the company’s stock, valued at $1,377,928.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.91% of the company’s stock.

Institutional Trading of Simmons First National

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc raised its holdings in shares of Simmons First National by 161.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,137 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Simmons First National by 2,045.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,888 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,800 shares during the last quarter. Alexander Labrunerie & CO. Inc. bought a new position in shares of Simmons First National during the 3rd quarter valued at about $209,000. Profund Advisors LLC bought a new position in shares of Simmons First National during the 2nd quarter valued at about $183,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Simmons First National during the 1st quarter valued at about $227,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.

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.