Keefe, Bruyette & Woods Lowers Simmons First National (NASDAQ:SFNC) Price Target to $20.00

Simmons First National (NASDAQ:SFNC) had its price target decreased by research analysts at Keefe, Bruyette & Woods from $21.00 to $20.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 13.57% from the company’s previous close.

Several other brokerages have also recently issued reports on SFNC. StockNews.com cut shares of Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Robert W. Baird increased 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.00.

Simmons First National Trading Down 3.4 %

SFNC stock traded down $0.62 during mid-day trading on Thursday, hitting $17.61. 72,334 shares of the company were exchanged, compared to its average volume of 511,546. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $2.21 billion, a P/E ratio of 12.39 and a beta of 0.87. The business has a fifty day simple moving average of $18.79 and a 200-day simple moving average of $17.98. Simmons First National has a 12-month low of $13.36 and a 12-month high of $20.82.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $202.35 million. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. On average, equities research analysts predict that Simmons First National will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of Simmons First National

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Simmons First National during the fourth quarter worth approximately $29,000. Briaud Financial Planning Inc acquired a new stake in Simmons First National during the third quarter worth approximately $81,000. TFO Wealth Partners LLC raised its holdings in Simmons First National by 250,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock worth $199,000 after purchasing an additional 10,006 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Simmons First National by 1,314.8% during the third quarter. Nisa Investment Advisors LLC now owns 12,875 shares of the bank’s stock worth $218,000 after purchasing an additional 11,965 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in Simmons First National during the third quarter worth approximately $219,000. Institutional investors and hedge funds 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.