Simmons First National (NASDAQ:SFNC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $31.00 price objective on the bank’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.80% from the company’s current price.

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 have also issued reports about the stock. BidaskClub raised shares of Simmons First National from a “hold” rating to a “buy” rating in a research note on Thursday, August 16th. Stephens set a $32.00 price objective on shares of Simmons First National and gave the company a “buy” rating in a research note on Friday, November 16th. Robert W. Baird began coverage on shares of Simmons First National in a research note on Tuesday, October 16th. They issued an “outperform” rating and a $34.00 price objective on the stock. Finally, ValuEngine lowered shares of Simmons First National from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $32.60.

Simmons First National stock opened at $27.24 on Friday. Simmons First National has a 1-year low of $24.58 and a 1-year high of $33.45. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 15.93 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.01 and a current ratio of 1.01.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Monday, October 22nd. The bank reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Simmons First National had a net margin of 22.55% and a return on equity of 9.66%. The firm had revenue of $176.69 million for the quarter, compared to analyst estimates of $175.20 million. Equities research analysts predict that Simmons First National will post 2.38 EPS for the current year.

In other news, EVP Patrick A. Burrow bought 1,500 shares of the stock in a transaction dated Tuesday, November 20th. The stock was bought at an average price of $27.65 per share, for a total transaction of $41,475.00. Following the completion of the acquisition, the executive vice president now directly owns 31,829 shares in the company, valued at approximately $880,071.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.76% of the company’s stock.

Several hedge funds have recently made changes to their positions in SFNC. Victory Capital Management Inc. raised its holdings in shares of Simmons First National by 15.9% in the second quarter. Victory Capital Management Inc. now owns 14,552 shares of the bank’s stock valued at $435,000 after purchasing an additional 1,995 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Simmons First National in the second quarter valued at about $496,000. Sei Investments Co. raised its holdings in shares of Simmons First National by 168.9% in the second quarter. Sei Investments Co. now owns 183,385 shares of the bank’s stock valued at $5,483,000 after purchasing an additional 115,192 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Simmons First National by 3.8% in the second quarter. Rhumbline Advisers now owns 206,007 shares of the bank’s stock valued at $6,160,000 after purchasing an additional 7,530 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Simmons First National by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 1,056,267 shares of the bank’s stock worth $31,581,000 after buying an additional 12,231 shares during the last quarter. Institutional investors own 27.87% of the company’s stock.

Simmons First National Company Profile

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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