Simmons First National (NASDAQ:SFNC) Stock Gets Price Target Cut from Keefe, Bruyette & Woods

Simmons First National (NASDAQ:SFNC) had its price objective lowered by Keefe, Bruyette & Woods from $26.00 to $25.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 12.77% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $25.00 price target on shares of Simmons First National in a report on Friday, July 17th. DA Davidson reiterated a “neutral” rating and issued a $23.00 price objective on shares of Simmons First National in a report on Friday, July 17th. Morgan Stanley lowered shares of Simmons First National from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $24.00 to $26.00 in a research report on Tuesday, September 8th. Robert W. Baird set a $25.00 target price on shares of Simmons First National in a research note on Monday. Finally, National Bank Financial set a $26.00 target price on shares of Simmons First National in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.31.

Simmons First National Stock Performance

NASDAQ:SFNC traded up $0.10 during mid-day trading on Monday, hitting $22.17. The stock had a trading volume of 423,675 shares, compared to its average volume of 1,341,960. Simmons First National has a twelve month low of $17.00 and a twelve month high of $24.32. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 12.42 and a beta of 0.92. The company’s 50 day simple moving average is $22.92 and its 200 day simple moving average is $22.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.95 and a current ratio of 0.95.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Thursday, October 15th. The bank reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $251.17 million during the quarter, compared to analysts’ expectations of $254.03 million. Simmons First National had a return on equity of 8.73% and a net margin of 18.38%. Simmons First National’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. On average, equities research analysts forecast that Simmons First National will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SFNC. Waverly Advisors LLC raised its stake in Simmons First National by 0.7% in the 2nd quarter. Waverly Advisors LLC now owns 67,014 shares of the bank’s stock worth $1,518,000 after purchasing an additional 477 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Simmons First National by 31.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,339 shares of the bank’s stock worth $45,000 after purchasing an additional 566 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Simmons First National by 1.4% during the 2nd quarter. NewEdge Advisors LLC now owns 45,966 shares of the bank’s stock worth $1,041,000 after purchasing an additional 637 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Simmons First National by 6.2% during the second quarter. GAMMA Investing LLC now owns 15,392 shares of the bank’s stock worth $349,000 after purchasing an additional 892 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Simmons First National by 156.0% during the first quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock worth $29,000 after purchasing an additional 925 shares during the period. 27.58% of the stock is owned by institutional investors and hedge funds.

About Simmons First National

Simmons First National Corporation is a financial services company headquartered in Pine Bluff, Arkansas, and the parent company of Simmons Bank. Founded in 1903, the company has grown from a community bank into a regional banking organization serving businesses, individuals and institutions.

Simmons Bank provides a range of banking services, including checking and savings accounts, commercial and consumer lending, residential mortgage lending, credit cards and treasury management. The bank also offers wealth management, trust, investment and brokerage services to individuals, businesses and nonprofit organizations.

Through its branch network and digital banking platforms, Simmons Bank serves customers in Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.