Simmons First National (NASDAQ:SFNC) PT Lowered to $20.00

Simmons First National (NASDAQ:SFNC) had its target price cut by research analysts at Keefe, Bruyette & Woods from $21.00 to $20.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 14.29% from the company’s previous close.

Other analysts have also recently issued research reports about the company. StockNews.com cut Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Robert W. Baird lifted their price target on Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, Simmons First National currently has a consensus rating of “Hold” and an average target price of $21.00.

Simmons First National Stock Down 2.0 %

Simmons First National stock opened at $17.50 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 13.16 and a beta of 0.87. Simmons First National has a 1-year low of $13.36 and a 1-year high of $20.82. The business has a fifty day moving average price of $18.75 and a 200-day moving average price of $17.99.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. Simmons First National had a return on equity of 5.94% and a net margin of 11.97%. The firm had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $202.35 million. During the same quarter last year, the firm earned $0.37 EPS. The business’s quarterly revenue was down 12.8% on a year-over-year basis. Equities research analysts forecast that Simmons First National will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Simmons First National

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new position in shares of Simmons First National during the 4th quarter valued at about $29,000. Briaud Financial Planning Inc purchased a new position in shares of Simmons First National during the 3rd quarter valued at about $81,000. TFO Wealth Partners LLC raised its stake in shares of Simmons First National by 250,150.0% during the 4th quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock valued at $199,000 after buying an additional 10,006 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its stake in shares of Simmons First National by 15.9% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank’s stock valued at $230,000 after buying an additional 1,590 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Simmons First National in the 1st quarter valued at about $227,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Simmons First National Company Profile

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company 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; treasury management; insurance products; and securities and investment services.