Zacks Investment Research upgraded shares of Simmons First National Corporation (NASDAQ:SFNC) from a hold rating to a buy rating in a research report report published on Thursday morning. They currently have $58.00 target price on the bank’s 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. “

Other research analysts also recently issued research reports about the company. BidaskClub upgraded Simmons First National Corporation from a strong sell rating to a sell rating in a research note on Wednesday, June 21st. Stephens upgraded Simmons First National Corporation from an equal weight rating to a buy rating and raised their price target for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. Raymond James Financial, Inc. upgraded Simmons First National Corporation from an underperform rating to a market perform rating in a research note on Wednesday, July 5th. Finally, ValuEngine downgraded Simmons First National Corporation from a buy rating to a hold rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $61.25.

Simmons First National Corporation (NASDAQ SFNC) traded up 0.48% during midday trading on Thursday, hitting $52.45. The company had a trading volume of 72,866 shares. Simmons First National Corporation has a 12 month low of $45.90 and a 12 month high of $67.00. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 17.32 and a beta of 1.14. The firm has a 50-day moving average price of $52.79 and a 200-day moving average price of $53.92.

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

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The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.91%. Simmons First National Corporation’s dividend payout ratio is presently 33.00%.

In other Simmons First National Corporation news, Director Eugene Hunt sold 1,200 shares of Simmons First National Corporation stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $51.62, for a total value of $61,944.00. Following the transaction, the director now directly owns 4,030 shares in the company, valued at approximately $208,028.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher R. Kirkland sold 547 shares of Simmons First National Corporation stock in a transaction that occurred on Thursday, July 20th. The shares were 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 owns 228,399 shares in the company, valued at $12,561,945. The disclosure for this sale can be found here. Insiders have sold a total of 24,747 shares of company stock worth $1,357,029 in the last 90 days. 4.63% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC increased its position in shares of Simmons First National Corporation by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 48,540 shares of the bank’s stock valued at $3,017,000 after buying an additional 1,250 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Simmons First National Corporation by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the bank’s stock valued at $667,000 after buying an additional 200 shares during the period. State of Alaska Department of Revenue increased its position in shares of Simmons First National Corporation by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,290 shares of the bank’s stock valued at $181,000 after buying an additional 70 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Simmons First National Corporation by 7.0% in the first quarter. Great West Life Assurance Co. Can now owns 42,533 shares of the bank’s stock valued at $2,341,000 after buying an additional 2,769 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Simmons First National Corporation by 23.1% in the first quarter. First Trust Advisors LP now owns 89,504 shares of the bank’s stock valued at $4,936,000 after buying an additional 16,792 shares during the period. 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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