Simmons First National Corp. (NASDAQ:SFNC) was downgraded by investment analysts at Sandler O’Neill from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

A number of other brokerages have also recently issued reports on SFNC. Zacks Investment Research upgraded shares of Simmons First National Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday, October 11th. Keefe, Bruyette & Woods cut shares of Simmons First National Corp. from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a research report on Wednesday, October 26th.

Shares of Simmons First National Corp. (NASDAQ:SFNC) opened at 60.00 on Tuesday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 19.57 and a beta of 0.90. The firm’s 50-day moving average is $52.21 and its 200-day moving average is $48.64. Simmons First National Corp. has a 12-month low of $38.30 and a 12-month high of $60.60.

Several large investors have recently modified their holdings of SFNC. BlackRock Fund Advisors increased its stake in shares of Simmons First National Corp. by 9.2% in the third quarter. BlackRock Fund Advisors now owns 1,986,308 shares of the company’s stock worth $99,117,000 after buying an additional 166,795 shares during the period. Vanguard Group Inc. increased its stake in Simmons First National Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 1,751,063 shares of the company’s stock worth $80,874,000 after buying an additional 84,707 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Simmons First National Corp. by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,118,362 shares of the company’s stock worth $51,650,000 after buying an additional 61,071 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Simmons First National Corp. by 2.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 754,979 shares of the company’s stock worth $37,673,000 after buying an additional 15,831 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Simmons First National Corp. by 0.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 528,690 shares of the company’s stock worth $26,382,000 after buying an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 30.58% of the company’s stock.

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About Simmons First National Corp.

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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