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Simmons First National (NASDAQ:SFNC) Upgraded at StockNews.com

kopsource · Sep 24, 2022 03:31

StockNews.com upgraded shares of Simmons First National (NASDAQ:SFNC – Get Rating) from a sell rating to a hold rating in a report published on Wednesday.

A number of other analysts also recently commented on SFNC. Piper Sandler dropped their target price on shares of Simmons First National to $24.50 in a report on Monday, July 4th. Stephens lifted their target price on shares of Simmons First National to $25.00 in a research report on Monday, July 25th.

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Simmons First National Stock Down 1.5 %

SFNC stock opened at $22.80 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The firm's 50-day moving average is $23.65 and its two-hundred day moving average is $24.23. Simmons First National has a 52 week low of $19.87 and a 52 week high of $32.76. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 11.69 and a beta of 0.86.

Simmons First National (NASDAQ:SFNC – Get Rating) last released its earnings results on Thursday, July 21st. The bank reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.06. Simmons First National had a net margin of 25.19% and a return on equity of 8.73%. The business had revenue of $225.28 million for the quarter, compared to the consensus estimate of $228.57 million. During the same period in the previous year, the firm earned $0.69 EPS. On average, analysts forecast that Simmons First National will post 2.33 earnings per share for the current fiscal year.

Simmons First National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Wednesday, September 14th. Simmons First National's payout ratio is presently 38.97%.

Insider Activity at Simmons First National

In related news, Director Dean O. Bass sold 7,334 shares of the business's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $23.88, for a total transaction of $175,135.92. Following the transaction, the director now directly owns 230,680 shares of the company's stock, valued at $5,508,638.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Simmons First National news, Director Dean O. Bass sold 7,334 shares of the business's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $23.88, for a total value of $175,135.92. Following the completion of the sale, the director now directly owns 230,680 shares of the company's stock, valued at $5,508,638.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dean O. Bass sold 8,810 shares of the business's stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $22.86, for a total transaction of $201,396.60. Following the completion of the sale, the director now directly owns 244,535 shares of the company's stock, valued at $5,590,070.10. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.

Institutional Trading of Simmons First National

Several large investors have recently added to or reduced their stakes in the business. Strs Ohio grew its position in Simmons First National by 10.0% in the first quarter. Strs Ohio now owns 4,400 shares of the bank's stock worth $115,000 after acquiring an additional 400 shares in the last quarter. EMC Capital Management lifted its stake in shares of Simmons First National by 47.0% in the second quarter. EMC Capital Management now owns 1,354 shares of the bank's stock worth $29,000 after buying an additional 433 shares during the last quarter. Cadence Bank lifted its stake in shares of Simmons First National by 2.3% in the first quarter. Cadence Bank now owns 20,732 shares of the bank's stock worth $544,000 after buying an additional 460 shares during the last quarter. Natixis Advisors L.P. lifted its stake in shares of Simmons First National by 1.8% in the first quarter. Natixis Advisors L.P. now owns 28,625 shares of the bank's stock worth $751,000 after buying an additional 514 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Simmons First National by 3.5% in the first quarter. Mutual of America Capital Management LLC now owns 16,242 shares of the bank's stock worth $426,000 after buying an additional 553 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

Simmons First National Company Profile

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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. It 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; insurance products; and securities and investment services.