Simmons First National (NASDAQ:SFNC) Price Target Cut to $21.00 by Analysts at Keefe, Bruyette & Woods

Simmons First National (NASDAQ:SFNC) had its target price lowered by Keefe, Bruyette & Woods from $23.00 to $21.00 in a report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

SFNC has been the topic of several other research reports. Stephens dropped their target price on shares of Simmons First National from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday. Piper Sandler raised Simmons First National from an “underweight” rating to a “neutral” rating and raised their price target for the company from $20.00 to $21.00 in a report on Monday.

Simmons First National Stock Up 0.1 %

Shares of Simmons First National stock opened at $17.41 on Monday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 14.39 and a beta of 0.82. Simmons First National has a one year low of $16.03 and a one year high of $25.95. The stock’s 50-day moving average is $20.18 and its 200 day moving average is $22.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The firm had revenue of $209.58 million during the quarter, compared to the consensus estimate of $209.00 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. During the same period in the previous year, the firm earned $0.32 earnings per share. Equities research analysts anticipate that Simmons First National will post 1.66 EPS for the current year.

Simmons First National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.2125 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Simmons First National’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a dividend yield of 4.88%. Simmons First National’s payout ratio is 73.28%.

Institutional Trading of Simmons First National

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Simmons First National during the 4th quarter valued at about $27,095,000. Rhino Investment Partners Inc purchased a new position in Simmons First National during the fourth quarter valued at $19,531,000. Vanguard Group Inc. boosted its holdings in shares of Simmons First National by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank’s stock valued at $329,742,000 after buying an additional 630,376 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Simmons First National by 49.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,011,431 shares of the bank’s stock worth $22,434,000 after buying an additional 335,260 shares during the period. Finally, FJ Capital Management LLC increased its stake in shares of Simmons First National by 35.1% in the 4th quarter. FJ Capital Management LLC now owns 1,104,008 shares of the bank’s stock worth $24,487,000 after acquiring an additional 286,622 shares in the last quarter. Institutional investors own 27.58% of the company’s stock.

About Simmons First National

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.