Simmons First National (NASDAQ:SFNC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Simmons First National Corporation (NASDAQ:SFNC) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.42 and traded as high as $24.18. Simmons First National shares last traded at $23.94, with a volume of 860,897 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on SFNC shares. DA Davidson reissued a “neutral” rating and issued a $23.00 price objective on shares of Simmons First National in a research note on Friday, July 17th. Morgan Stanley restated a “positive” rating on shares of Simmons First National in a research note on Monday, June 29th. National Bank Financial set a $25.00 price target on Simmons First National in a report on Monday, July 20th. Raymond James Financial reiterated an “outperform” rating and set a $25.00 price target on shares of Simmons First National in a research report on Friday, July 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Simmons First National in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

Simmons First National Price Performance

The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -9.34 and a beta of 0.91. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $22.99 and a 200 day moving average price of $21.44.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Simmons First National had a negative net margin of 24.64% and a positive return on equity of 8.32%. Simmons First National’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS. As a group, equities research analysts forecast that Simmons First National Corporation will post 2.05 earnings per share for the current year.

Simmons First National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a dividend of $0.215 per share. The ex-dividend date was Monday, June 15th. This represents a $0.86 annualized dividend and a dividend yield of 3.6%. Simmons First National’s payout ratio is currently -33.99%.

Institutional Investors Weigh In On Simmons First National

A number of institutional investors and hedge funds have recently modified their holdings of SFNC. Bessemer Group Inc. boosted its stake in Simmons First National by 156.0% in the first quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock valued at $29,000 after acquiring an additional 925 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Simmons First National by 197.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,104 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Simmons First National by 35.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock valued at $36,000 after purchasing an additional 495 shares during the period. Osaic Holdings Inc. boosted its position in shares of Simmons First National by 32.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock worth $50,000 after purchasing an additional 644 shares during the last quarter. Finally, Systematic Financial Management LP bought a new position in shares of Simmons First National in the 4th quarter worth $66,000. 27.58% of the stock is owned by institutional investors.

About Simmons First National

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.