Simmons First National (NASDAQ:SFNC) Reaches New 52-Week High at $26.63


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Simmons First National Co. (NASDAQ:SFNC) shares reached a new 52-week high on Tuesday . The stock traded as high as $26.63 and last traded at $26.13, with a volume of 2916 shares changing hands. The stock had previously closed at $25.71.

Several research firms have weighed in on SFNC. Zacks Investment Research raised shares of Simmons First National from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, January 5th. BidaskClub upgraded shares of Simmons First National from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Robert W. Baird reduced their price objective on shares of Simmons First National from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, October 20th. DA Davidson cut shares of Simmons First National from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $18.00 in a report on Tuesday, October 20th. Finally, TheStreet upgraded shares of Simmons First National from a “c+” rating to a “b-” rating in a report on Thursday, November 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.80.

The firm has a market capitalization of $2.82 billion, a PE ratio of 11.23 and a beta of 0.99. The firm’s fifty day moving average is $21.77 and its two-hundred day moving average is $18.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.99.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Monday, October 19th. The bank reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.21. Simmons First National had a net margin of 24.39% and a return on equity of 9.37%. The business had revenue of $225.46 million for the quarter, compared to analysts’ expectations of $208.63 million. During the same period in the previous year, the company earned $0.87 earnings per share. As a group, equities research analysts predict that Simmons First National Co. will post 2.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 5th. Investors of record on Tuesday, December 15th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.62%. The ex-dividend date was Monday, December 14th. Simmons First National’s dividend payout ratio (DPR) is presently 24.91%.

In related news, CFO Robert A. Fehlman bought 3,000 shares of the company’s stock in a transaction on Monday, October 26th. The shares were purchased at an average cost of $17.42 per share, for a total transaction of $52,260.00. Following the completion of the purchase, the chief financial officer now directly owns 94,447 shares in the company, valued at $1,645,266.74. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SFNC. LSV Asset Management boosted its stake in Simmons First National by 72.5% in the third quarter. LSV Asset Management now owns 1,715,900 shares of the bank’s stock valued at $27,205,000 after acquiring an additional 720,892 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Simmons First National by 53.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,619,642 shares of the bank’s stock valued at $25,679,000 after acquiring an additional 561,252 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Simmons First National by 38.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 778,834 shares of the bank’s stock valued at $12,348,000 after acquiring an additional 215,771 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Simmons First National by 184.5% in the third quarter. Thrivent Financial for Lutherans now owns 259,487 shares of the bank’s stock valued at $4,114,000 after acquiring an additional 168,278 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Simmons First National by 17.9% in the second quarter. Nuveen Asset Management LLC now owns 1,048,204 shares of the bank’s stock valued at $17,935,000 after acquiring an additional 158,806 shares during the last quarter. Hedge funds and other institutional investors own 25.28% 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; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; insurance products; and securities and investment services.

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