Shares of Simmons First National Corporation (NASDAQ:SFNC) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $61.75.
SFNC has been the topic of a number of research analyst reports. Stephens set a $64.00 price target on Simmons First National and gave the stock a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Tuesday, August 22nd. BidaskClub cut Simmons First National from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Piper Jaffray Companies restated a “neutral” rating and set a $60.00 price target on shares of Simmons First National in a report on Thursday, October 5th. Finally, Sandler O’Neill restated a “hold” rating and set a $62.00 price target on shares of Simmons First National in a report on Tuesday, October 24th.
Simmons First National (NASDAQ SFNC) traded down $0.25 during trading on Thursday, hitting $55.35. The company’s stock had a trading volume of 213,256 shares, compared to its average volume of 279,237. The company has a market cap of $2,544.44, a PE ratio of 16.67 and a beta of 1.14. Simmons First National has a 52-week low of $49.75 and a 52-week high of $67.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.90 and a quick ratio of 0.90.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, December 14th. Simmons First National’s payout ratio is 31.65%.
In other news, insider Vernon Wilson Jr. Bryant sold 22,888 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $54.87, for a total transaction of $1,255,864.56. Following the transaction, the insider now directly owns 211,353 shares of the company’s stock, valued at $11,596,939.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher R. Kirkland sold 160,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $56.77, for a total value of $9,083,200.00. Following the transaction, the director now directly owns 136,949 shares in the company, valued at $7,774,594.73. The disclosure for this sale can be found here. Insiders have sold 522,177 shares of company stock worth $29,366,083 over the last ninety days. 4.63% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC raised its position in shares of Simmons First National by 63.9% during the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after purchasing an additional 831 shares during the period. Victory Capital Management Inc. raised its position in Simmons First National by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock valued at $168,000 after buying an additional 476 shares during the last quarter. Amalgamated Bank raised its position in Simmons First National by 3.8% in the 2nd quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock valued at $218,000 after buying an additional 151 shares during the last quarter. Ifrah Financial Services Inc. purchased a new stake in Simmons First National in the 3rd quarter valued at $246,000. Finally, Aperio Group LLC purchased a new stake in Simmons First National in the 2nd quarter valued at $234,000. 51.33% of the stock is currently owned by institutional investors.
Simmons First National 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.
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