Zacks Investment Research downgraded shares of Simmons First National Corporation (NASDAQ:SFNC) from a buy rating to a hold rating in a research report released on Tuesday.

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. “

Other analysts have also recently issued research reports about the stock. Raymond James Financial, Inc. upgraded shares of Simmons First National Corporation from an underperform rating to a market perform rating in a report on Wednesday, July 5th. Stephens upgraded shares of Simmons First National Corporation from an equal weight rating to a buy rating and lifted their price target for the company from $60.00 to $64.00 in a report on Friday, July 21st. BidaskClub upgraded shares of Simmons First National Corporation from a sell rating to a hold rating in a report on Thursday, June 29th. Finally, ValuEngine cut shares of Simmons First National Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $61.25.

Simmons First National Corporation (NASDAQ SFNC) opened at 52.05 on Tuesday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 17.19 and a beta of 1.12. The company has a 50-day moving average of $52.89 and a 200 day moving average of $54.16. Simmons First National Corporation has a one year low of $45.90 and a one year high of $67.00.

Simmons First National Corporation (NASDAQ:SFNC) last issued its earnings results on Wednesday, July 19th. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. Simmons First National Corporation had a net margin of 21.03% and a return on equity of 8.71%. The firm had revenue of $112.56 million for the quarter, compared to analysts’ expectations of $110 million. On average, analysts anticipate that Simmons First National Corporation will post $3.16 EPS for the current year.

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In other news, Director Eugene Hunt sold 1,200 shares of Simmons First National Corporation stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $51.62, for a total value of $61,944.00. Following the completion of the transaction, the director now owns 4,030 shares of the company’s stock, valued at approximately $208,028.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher R. Kirkland sold 547 shares of Simmons First National Corporation stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $55.00, for a total value of $30,085.00. Following the completion of the transaction, the director now directly owns 228,399 shares of the company’s stock, valued at approximately $12,561,945. The disclosure for this sale can be found here. Insiders have sold 24,747 shares of company stock valued at $1,357,029 in the last three months. Insiders own 4.63% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SFNC. Elkfork Partners LLC increased its stake in Simmons First National Corporation by 16.1% in the first quarter. Elkfork Partners LLC now owns 2,016 shares of the bank’s stock valued at $111,000 after buying an additional 280 shares during the last quarter. Riverhead Capital Management LLC increased its stake in Simmons First National Corporation by 63.9% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock valued at $113,000 after buying an additional 831 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in Simmons First National Corporation by 16.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,448 shares of the bank’s stock valued at $135,000 after buying an additional 340 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Simmons First National Corporation during the first quarter valued at approximately $140,000. Finally, Victory Capital Management Inc. increased its stake in Simmons First National Corporation by 23.8% in the first quarter. Victory Capital Management Inc. now owns 2,706 shares of the bank’s stock valued at $149,000 after buying an additional 521 shares during the last quarter. Institutional investors own 25.96% of the company’s stock.

About Simmons First National Corporation

Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri and Tennessee.

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