Stephens Lowers Simmons First National (NASDAQ:SFNC) Price Target to $21.00

Simmons First National (NASDAQ:SFNC) had its target price decreased by research analysts at Stephens from $22.00 to $21.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Stephens’ price objective indicates a potential upside of 20.00% from the company’s current price.

Other analysts have also issued reports about the stock. Keefe, Bruyette & Woods decreased their price target on shares of Simmons First National from $21.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday. StockNews.com lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird raised their price target on shares of 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 investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Simmons First National Stock Performance

NASDAQ:SFNC opened at $17.50 on Thursday. Simmons First National has a 1 year low of $13.36 and a 1 year high of $20.82. The firm’s fifty day simple moving average is $18.75 and its 200 day simple moving average is $17.99. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.19 billion, a PE ratio of 13.16 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC) last posted its earnings results on Wednesday, April 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. The business had revenue of $195.10 million for the quarter, compared to analyst estimates of $202.35 million. During the same period last year, the business posted $0.37 EPS. Simmons First National’s revenue was down 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Simmons First National will post 1.35 EPS for the current year.

Hedge Funds Weigh In On Simmons First National

A number of hedge funds and other institutional investors have recently made changes to their positions in SFNC. GAMMA Investing LLC bought a new position in shares of Simmons First National during the 4th quarter worth about $29,000. Briaud Financial Planning Inc bought a new position in shares of Simmons First National during the 3rd quarter worth about $81,000. TFO Wealth Partners LLC lifted its holdings 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 worth $199,000 after acquiring an additional 10,006 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Simmons First National by 1,314.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,875 shares of the bank’s stock worth $218,000 after acquiring an additional 11,965 shares during the period. Finally, QRG Capital Management Inc. bought a new position in shares of Simmons First National during the 3rd quarter worth about $219,000. 27.58% of the stock is owned by institutional investors.

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.