Simmons First National (NASDAQ:SFNC) Given a $29.00 Price Target by Stephens Analysts

Stephens set a $29.00 target price on Simmons First National (NASDAQ:SFNC) in a report released on Thursday, June 20th, Stock Target Advisor reports. The firm currently has a buy rating on the bank’s stock.

SFNC has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Great Portland Estates from a hold rating to a sell rating in a research note on Tuesday, April 16th. ValuEngine downgraded shares of Olympic Steel from a sell rating to a strong sell rating in a research note on Thursday, March 7th. Robert W. Baird upped their price objective on shares of Atlassian from $110.00 to $120.00 and gave the company an outperform rating in a research note on Thursday, April 11th. BidaskClub upgraded shares of Zynerba Pharmaceuticals from a buy rating to a strong-buy rating in a research note on Saturday, May 18th. Finally, DA Davidson decreased their price objective on shares of Turtle Beach from $26.00 to $23.00 and set a buy rating for the company in a research note on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Simmons First National currently has a consensus rating of Hold and an average price target of $29.80.

SFNC traded up $0.26 during trading hours on Thursday, reaching $23.68. The company’s stock had a trading volume of 225,982 shares, compared to its average volume of 423,826. Simmons First National has a fifty-two week low of $22.08 and a fifty-two week high of $32.45. The stock has a market cap of $2.25 billion, a PE ratio of 9.99 and a beta of 1.05. The business has a 50-day moving average of $23.34. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.66.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Simmons First National had a return on equity of 9.76% and a net margin of 25.17%. The company had revenue of $170.79 million for the quarter, compared to analysts’ expectations of $171.00 million. As a group, sell-side analysts anticipate that Simmons First National will post 2.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, June 17th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.70%. Simmons First National’s dividend payout ratio (DPR) is 27.00%.

In other news, EVP Patrick A. Burrow purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average cost of $25.30 per share, with a total value of $25,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Makris, Jr. bought 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was bought at an average cost of $24.39 per share, with a total value of $121,950.00. The disclosure for this purchase can be found here. Insiders have bought 7,000 shares of company stock valued at $171,860 in the last quarter. Insiders own 2.02% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFNC. Oregon Public Employees Retirement Fund bought a new stake in shares of Simmons First National in the 4th quarter worth about $35,000. Norges Bank acquired a new position in shares of Simmons First National in the 4th quarter valued at about $19,679,000. BlackRock Inc. boosted its holdings in shares of Simmons First National by 3.0% in the 4th quarter. BlackRock Inc. now owns 13,561,463 shares of the bank’s stock valued at $327,238,000 after buying an additional 391,028 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Simmons First National by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,353,621 shares of the bank’s stock valued at $129,183,000 after buying an additional 227,228 shares during the period. Finally, 361 Capital LLC acquired a new position in shares of Simmons First National in the 4th quarter valued at about $2,172,000. 20.92% 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 financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.

Read More: Tariff

Receive News & Ratings for Simmons First National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simmons First National and related companies with MarketBeat.com's FREE daily email newsletter.