Zacks Investment Research upgraded shares of Simmons First National Corporation (NASDAQ:SFNC) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. They currently have $65.00 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. “

A number of other equities analysts also recently weighed in on the company. BidaskClub downgraded Simmons First National Corporation from a hold rating to a sell rating in a research report on Thursday, August 24th. Stephens set a $64.00 price target on shares of Simmons First National Corporation and gave the stock a buy rating in a research note on Tuesday, August 15th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Simmons First National Corporation currently has an average rating of Hold and an average price target of $63.00.

Simmons First National Corporation (SFNC) traded down 0.85% during mid-day trading on Tuesday, reaching $58.45. 50,150 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $53.72 and a 200-day moving average price of $53.26. The stock has a market cap of $1.83 billion, a P/E ratio of 18.67 and a beta of 1.15. Simmons First National Corporation has a 1-year low of $45.90 and a 1-year high of $67.00.

Simmons First National Corporation (NASDAQ:SFNC) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. The business had revenue of $112.56 million during the quarter, compared to the consensus estimate of $110.00 million. Equities research analysts anticipate that Simmons First National Corporation will post $3.12 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.70%. Simmons First National Corporation’s dividend payout ratio is 33.00%.

In related news, Director Eugene Hunt sold 1,200 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were 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 directly owns 4,030 shares of the company’s stock, valued at $208,028.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher R. Kirkland sold 33,009 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $55.41, for a total transaction of $1,829,028.69. Following the completion of the transaction, the director now directly owns 168,276 shares of the company’s stock, valued at $9,324,173.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 174,802 shares of company stock worth $9,631,084. 4.63% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Simmons First National Corporation by 1.2% during the second quarter. BlackRock Inc. now owns 3,702,665 shares of the bank’s stock worth $195,871,000 after acquiring an additional 42,981 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Simmons First National Corporation by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,546,459 shares of the bank’s stock valued at $134,707,000 after acquiring an additional 35,149 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Simmons First National Corporation by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,462,079 shares of the bank’s stock valued at $77,346,000 after acquiring an additional 155,118 shares during the period. State Street Corp grew its position in shares of Simmons First National Corporation by 0.8% in the 2nd quarter. State Street Corp now owns 1,001,720 shares of the bank’s stock valued at $52,992,000 after acquiring an additional 8,124 shares during the period. Finally, Northern Trust Corp grew its position in shares of Simmons First National Corporation by 3.4% in the 2nd quarter. Northern Trust Corp now owns 515,270 shares of the bank’s stock valued at $27,258,000 after acquiring an additional 17,069 shares during the period. 25.87% of the stock is currently owned by hedge funds and other institutional investors.

Simmons First National Corporation Company Profile

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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