ValuEngine lowered shares of Simmons First National (NASDAQ:SFNC) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Other equities research analysts have also issued research reports about the company. BidaskClub upgraded Simmons First National from a sell rating to a hold rating in a research report on Thursday, January 11th. Zacks Investment Research lowered Simmons First National from a buy rating to a hold rating in a research report on Wednesday, April 4th. Finally, Sandler O’Neill upgraded Simmons First National from a hold rating to a buy rating and set a $34.00 target price on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $31.70.

Shares of NASDAQ SFNC opened at $28.80 on Wednesday. The company has a market capitalization of $2,656.86, a P/E ratio of 17.04 and a beta of 1.15. Simmons First National has a 52 week low of $24.88 and a 52 week high of $30.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.01.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Monday, January 22nd. The bank reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $163.55 million for the quarter, compared to analyst estimates of $155.80 million. Simmons First National had a return on equity of 8.28% and a net margin of 17.41%. sell-side analysts predict that Simmons First National will post 2.3 earnings per share for the current fiscal year.

In other Simmons First National news, insider Vernon Wilson Jr. Bryant sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $58.77, for a total value of $587,700.00. Following the completion of the transaction, the insider now directly owns 195,853 shares of the company’s stock, valued at $11,510,280.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Makris, Jr. purchased 2,500 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was bought at an average cost of $58.10 per share, with a total value of $145,250.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 78,610 shares of company stock worth $4,085,217. 2.76% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in SFNC. BlackRock Inc. lifted its holdings in Simmons First National by 30.7% in the fourth quarter. BlackRock Inc. now owns 5,222,738 shares of the bank’s stock valued at $298,220,000 after acquiring an additional 1,226,944 shares during the period. King Luther Capital Management Corp lifted its holdings in Simmons First National by 360.6% in the fourth quarter. King Luther Capital Management Corp now owns 675,865 shares of the bank’s stock valued at $38,592,000 after acquiring an additional 529,125 shares during the period. Allianz Asset Management GmbH acquired a new position in Simmons First National in the fourth quarter valued at approximately $28,447,000. Teachers Advisors LLC lifted its holdings in Simmons First National by 529.1% in the fourth quarter. Teachers Advisors LLC now owns 341,870 shares of the bank’s stock valued at $19,521,000 after acquiring an additional 287,525 shares during the period. Finally, Kennedy Capital Management Inc. lifted its holdings in Simmons First National by 281.7% in the fourth quarter. Kennedy Capital Management Inc. now owns 381,119 shares of the bank’s stock valued at $21,762,000 after acquiring an additional 281,260 shares during the period. 25.88% of the stock is owned by institutional investors.

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About Simmons First National

Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.

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Analyst Recommendations for Simmons First National (NASDAQ:SFNC)

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