Simmons First National (NASDAQ:SFNC) Shares Gap Down to $15.43

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Simmons First National Co. (NASDAQ:SFNC)’s share price gapped down prior to trading on Monday . The stock had previously closed at $14.64, but opened at $15.43. Simmons First National shares last traded at $16.37, with a volume of 12,642 shares trading hands.

A number of analysts have commented on the company. BidaskClub downgraded Simmons First National from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Raymond James upgraded Simmons First National from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research report on Wednesday, June 17th. Zacks Investment Research upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, ValuEngine downgraded Simmons First National from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.00.

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50-day moving average price of $16.67 and a 200-day moving average price of $20.75. The firm has a market capitalization of $1.68 billion, a PE ratio of 6.31 and a beta of 0.94.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Tuesday, April 21st. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.22. Simmons First National had a return on equity of 10.86% and a net margin of 25.09%. The business had revenue of $249.88 million for the quarter, compared to the consensus estimate of $210.03 million. During the same period in the prior year, the business earned $0.53 earnings per share. On average, research analysts predict that Simmons First National Co. will post 1.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.16%. Simmons First National’s dividend payout ratio is currently 24.91%.

In other Simmons First National news, CEO George Makris, Jr. bought 9,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $16.37 per share, for a total transaction of $147,330.00. Following the completion of the purchase, the chief executive officer now owns 431,346 shares of the company’s stock, valued at approximately $7,061,134.02. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen C. Massanelli bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of $18.23 per share, with a total value of $36,460.00. Following the completion of the purchase, the executive vice president now directly owns 43,219 shares of the company’s stock, valued at approximately $787,882.37. The disclosure for this purchase can be found here. Insiders bought 37,000 shares of company stock worth $623,170 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new position in Simmons First National in the fourth quarter valued at $38,000. Marshall Wace North America L.P. acquired a new position in Simmons First National in the first quarter valued at $59,000. Versant Capital Management Inc increased its stake in Simmons First National by 62.0% in the first quarter. Versant Capital Management Inc now owns 2,901 shares of the bank’s stock valued at $53,000 after purchasing an additional 1,110 shares during the last quarter. Chevy Chase Trust Holdings Inc. acquired a new stake in Simmons First National during the fourth quarter worth about $111,000. Finally, Sunbelt Securities Inc. acquired a new stake in Simmons First National during the fourth quarter worth about $29,126,000. Hedge funds and other institutional investors own 37.22% of the company’s stock.

About Simmons First National (NASDAQ:SFNC)

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.

See Also: Return on Investment (ROI) Defined, Explained

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