Simmons First National Corporation (NASDAQ:SFNC) Receives $24.50 Average PT from Analysts

Shares of Simmons First National Corporation (NASDAQ:SFNC) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $25.2143.

SFNC has been the subject of a number of analyst reports. Piper Sandler raised Simmons First National from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $26.00 to $27.50 in a research report on Friday. Keefe, Bruyette & Woods boosted their target price on shares of Simmons First National from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of Simmons First National in a report on Tuesday, July 21st. DA Davidson reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Simmons First National in a research report on Friday, July 17th. Finally, National Bank Financial set a $26.00 target price on Simmons First National in a research report on Friday.

Simmons First National Stock Up 3.1%

Shares of SFNC opened at $23.69 on Monday. The stock has a 50 day moving average price of $23.15 and a 200 day moving average price of $21.59. Simmons First National has a one year low of $17.00 and a one year high of $24.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -9.36 and a beta of 0.89.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Simmons First National had a negative net margin of 24.64% and a positive return on equity of 8.32%. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. Equities research analysts forecast that Simmons First National will post 2.05 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.215 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.6%. Simmons First National’s dividend payout ratio is -33.99%.

Institutional Investors Weigh In On Simmons First National

Several hedge funds have recently modified their holdings of SFNC. Royal Bank of Canada increased its stake in shares of Simmons First National by 27.2% during the first quarter. Royal Bank of Canada now owns 88,632 shares of the bank’s stock worth $1,820,000 after acquiring an additional 18,933 shares during the period. AQR Capital Management LLC raised its position in shares of Simmons First National by 271.3% during the 1st quarter. AQR Capital Management LLC now owns 158,856 shares of the bank’s stock worth $3,261,000 after purchasing an additional 116,072 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Simmons First National by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,861 shares of the bank’s stock valued at $1,516,000 after purchasing an additional 3,221 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Simmons First National by 3,624.6% during the first quarter. NewEdge Advisors LLC now owns 13,036 shares of the bank’s stock worth $268,000 after purchasing an additional 12,686 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Simmons First National by 1,288.2% in the first quarter. Jones Financial Companies Lllp now owns 18,046 shares of the bank’s stock worth $411,000 after acquiring an additional 16,746 shares during the last quarter. 27.58% of the stock is owned by institutional investors and hedge funds.

Simmons First National Company Profile

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.