Zacks Investment Research upgraded shares of Simmons First National Corp. (NASDAQ:SFNC) from a hold rating to a buy rating in a research report released on Tuesday. Zacks Investment Research currently has $58.00 price target on the stock.

According to Zacks, “SIMMONS FIRST NATIONAL CORP bank holding company registered under the Bank Holding Act of 1956. Through its subsidiaries, Co. provides a full range of banking and mortgage services to individual and corporate customers. “

Separately, Stephens downgraded Simmons First National Corp. from an overweight rating to an equal weight rating and dropped their price target for the stock from $52.00 to $50.00 in a research note on Friday, July 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Simmons First National Corp. currently has an average rating of Hold and an average price target of $52.75.

Simmons First National Corp. (NASDAQ:SFNC) traded up 0.04% during trading on Tuesday, hitting $50.88. 5,149 shares of the stock were exchanged. Simmons First National Corp. has a 1-year low of $38.30 and a 1-year high of $58.75. The company has a 50-day moving average price of $49.64 and a 200 day moving average price of $47.09. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 16.84 and a beta of 1.05.

Simmons First National Corp. (NASDAQ:SFNC) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Simmons First National Corp. had a return on equity of 9.48% and a net margin of 21.34%. Equities analysts predict that Simmons First National Corp. will post $3.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.89%. Simmons First National Corp.’s payout ratio is 31.79%.

A number of hedge funds have recently added to or reduced their stakes in the company. Kernodle & Katon Asset Management Group LLC raised its stake in Simmons First National Corp. by 246.0% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 3,287 shares of the company’s stock worth $152,000 after buying an additional 2,337 shares during the last quarter. PineBridge Investments L.P. raised its stake in Simmons First National Corp. by 4.0% in the second quarter. PineBridge Investments L.P. now owns 3,626 shares of the company’s stock worth $167,000 after buying an additional 138 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Simmons First National Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 3,992 shares of the company’s stock worth $184,000 after buying an additional 488 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Simmons First National Corp. by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the company’s stock worth $189,000 after buying an additional 200 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in Simmons First National Corp. during the second quarter worth $234,000. Institutional investors and hedge funds own 23.72% of the company’s stock.

Simmons First National Corp. Company Profile

Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits.

5 Day Chart for NASDAQ:SFNC

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