Simmons First National Corporation (SFNC) Given a $60.00 Price Target by Piper Jaffray Companies Analysts

Piper Jaffray Companies set a $60.00 price objective on Simmons First National Corporation (NASDAQ:SFNC) in a research note issued to investors on Thursday. The brokerage currently has a hold rating on the bank’s stock.

Several other research firms have also recently weighed in on SFNC. Zacks Investment Research cut shares of Simmons First National Corporation from a buy rating to a hold rating in a research report on Saturday, September 30th. BidaskClub cut shares of Simmons First National Corporation from a hold rating to a sell rating in a research report on Thursday, August 24th. Sandler O’Neill restated a hold rating and issued a $62.00 price objective on shares of Simmons First National Corporation in a research report on Tuesday, October 24th. Finally, Stephens upgraded shares of Simmons First National Corporation from an equal weight rating to a buy rating and boosted their price objective for the stock from $60.00 to $64.00 in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $62.40.

Simmons First National Corporation (SFNC) traded down $0.15 during mid-day trading on Thursday, reaching $55.00. 340,581 shares of the company traded hands, compared to its average volume of 166,268. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.47. Simmons First National Corporation has a 1 year low of $49.75 and a 1 year high of $67.00. The company has a market cap of $2,565.13, a PE ratio of 16.81 and a beta of 1.16.

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In other Simmons First National Corporation news, EVP Barry K. Ledbetter sold 1,900 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $57.37, for a total transaction of $109,003.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher R. Kirkland sold 50,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $55.12, for a total transaction of $2,756,000.00. Following the sale, the director now owns 208,276 shares of the company’s stock, valued at approximately $11,480,173.12. The disclosure for this sale can be found here. Insiders sold a total of 179,289 shares of company stock valued at $9,889,418 in the last 90 days. 4.63% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC raised its position in shares of Simmons First National Corporation by 63.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock valued at $113,000 after acquiring an additional 831 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Simmons First National Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock valued at $168,000 after acquiring an additional 476 shares during the last quarter. Amalgamated Bank raised its position in shares of Simmons First National Corporation by 3.8% during the 2nd quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock valued at $218,000 after acquiring an additional 151 shares during the last quarter. Ifrah Financial Services Inc. bought a new stake in shares of Simmons First National Corporation during the 3rd quarter valued at $246,000. Finally, Aperio Group LLC bought a new stake in shares of Simmons First National Corporation during the 2nd quarter valued at $234,000. Institutional investors own 51.33% of the company’s stock.

Simmons First National Corporation Company Profile

Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri, Tennessee, Colorado, Oklahoma and Texas.

Analyst Recommendations for Simmons First National Corporation (NASDAQ:SFNC)

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