Simmons First National (SFNC) Downgraded by BidaskClub to Sell

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

A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Simmons First National from a “buy” rating to a “sell” rating in a research report on Friday, October 27th. Piper Jaffray Companies set a $60.00 target price on Simmons First National and gave the stock a “hold” rating in a research report on Thursday, November 16th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $62.00 target price on shares of Simmons First National in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $62.80.

Simmons First National (NASDAQ SFNC) opened at $58.25 on Friday. Simmons First National has a 52-week low of $49.75 and a 52-week high of $61.95. The company has a market capitalization of $2,682.35, a PE ratio of 18.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.90 and a quick ratio of 0.90.

Simmons First National (NASDAQ:SFNC) last posted its earnings results on Sunday, October 22nd. The bank reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Simmons First National had a return on equity of 8.79% and a net margin of 21.58%. sell-side analysts predict that Simmons First National will post 3.31 EPS for the current fiscal year.

In other Simmons First National news, insider Vernon Wilson Jr. Bryant sold 22,888 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $54.87, for a total transaction of $1,255,864.56. Following the sale, the insider now directly owns 211,353 shares of the company’s stock, valued at $11,596,939.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher R. Kirkland sold 160,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $57.11, for a total value of $9,137,600.00. Following the sale, the director now directly owns 76,949 shares in the company, valued at $4,394,557.39. The disclosure for this sale can be found here. Insiders sold 349,122 shares of company stock worth $19,827,028 over the last quarter. 4.63% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Rowland & Co. Investment Counsel ADV bought a new stake in Simmons First National during the fourth quarter worth approximately $107,000. Riverhead Capital Management LLC increased its stake in Simmons First National by 63.9% during the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after acquiring an additional 831 shares during the last quarter. Victory Capital Management Inc. increased its stake in Simmons First National by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after acquiring an additional 476 shares during the last quarter. Amalgamated Bank increased its stake in Simmons First National by 3.8% during the second quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after acquiring an additional 151 shares during the last quarter. Finally, Ifrah Financial Services Inc. bought a new stake in Simmons First National during the third quarter worth approximately $246,000. 51.33% of the stock is currently 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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