Simmons First National (SFNC) Raised to Hold at BidaskClub

Simmons First National (NASDAQ:SFNC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other brokerages also recently issued reports on SFNC. Piper Jaffray Companies set a $60.00 price target on Simmons First National and gave the company a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research downgraded Simmons First National from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $62.00 price target on shares of Simmons First National in a report on Tuesday, October 24th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $62.60.

Shares of Simmons First National (NASDAQ SFNC) traded up $1.10 during trading on Thursday, reaching $59.35. The company’s stock had a trading volume of 208,536 shares, compared to its average volume of 235,079. Simmons First National has a fifty-two week low of $49.75 and a fifty-two week high of $61.95. The firm has a market cap of $2,700.00, a P/E ratio of 18.78 and a beta of 1.14. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.47.

In other news, Director Russell William Teubner sold 4,334 shares of Simmons First National stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $55.69, for a total transaction of $241,360.46. Following the completion of the sale, the director now owns 705 shares of the company’s stock, valued at $39,261.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Barry K. Ledbetter sold 1,900 shares of Simmons First National stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $57.37, for a total value of $109,003.00. The disclosure for this sale can be found here. Insiders have sold a total of 349,122 shares of company stock valued at $19,827,028 in the last ninety days. Insiders own 4.63% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Simmons First National during the fourth quarter worth $107,000. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of Simmons First National during the fourth quarter worth $780,000. Maltese Capital Management LLC acquired a new stake in shares of Simmons First National during the third quarter worth $3,642,000. King Luther Capital Management Corp lifted its holdings in shares of Simmons First National by 6.5% during the third quarter. King Luther Capital Management Corp now owns 146,740 shares of the bank’s stock worth $8,496,000 after buying an additional 9,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Simmons First National by 10.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,613,273 shares of the bank’s stock worth $93,409,000 after buying an additional 151,194 shares in the last quarter. 51.33% of the stock is owned by institutional investors.

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Simmons First National Company Profile

Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri, Tennessee, Colorado, Oklahoma and Texas.

Analyst Recommendations for Simmons First National (NASDAQ:SFNC)

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