Zacks Investment Research upgraded shares of Simmons First National Corp. (NASDAQ:SFNC) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. Zacks Investment Research currently has $58.00 price objective on the 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. “
Separately, Stephens downgraded Simmons First National Corp. from an overweight rating to an equal weight rating and dropped their price target for the stock from $52.00 to $50.00 in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Simmons First National Corp. presently has an average rating of Hold and an average target price of $52.75.
Simmons First National Corp. (NASDAQ:SFNC) traded up 0.04% during mid-day trading on Tuesday, reaching $50.88. The company’s stock had a trading volume of 5,149 shares. Simmons First National Corp. has a 12-month low of $38.30 and a 12-month high of $58.75. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 16.84 and a beta of 1.05. The firm’s 50 day moving average price is $49.64 and its 200 day moving average price is $47.09.
Simmons First National Corp. (NASDAQ:SFNC) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. Simmons First National Corp. had a return on equity of 9.48% and a net margin of 21.34%. On average, equities analysts predict that Simmons First National Corp. will post $3.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Tuesday, September 13th. Simmons First National Corp.’s dividend payout ratio (DPR) is 31.79%.
Several large investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in Simmons First National Corp. by 22.1% in the first quarter. Prudential Financial Inc. now owns 106,862 shares of the company’s stock valued at $4,816,000 after buying an additional 19,330 shares during the period. BlackRock Group LTD boosted its stake in Simmons First National Corp. by 4.7% in the first quarter. BlackRock Group LTD now owns 53,249 shares of the company’s stock valued at $2,399,000 after buying an additional 2,383 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Simmons First National Corp. by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 740,596 shares of the company’s stock valued at $33,379,000 after buying an additional 15,330 shares during the period. Goldman Sachs Group Inc. boosted its stake in Simmons First National Corp. by 67.5% in the first quarter. Goldman Sachs Group Inc. now owns 107,804 shares of the company’s stock valued at $4,859,000 after buying an additional 43,447 shares during the period. Finally, Simmons Bank acquired a new stake in Simmons First National Corp. during the first quarter valued at about $85,115,000. Institutional investors and hedge funds own 23.72% of the company’s stock.
About Simmons First National Corp.
Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits.
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