Simmons First National Corp. (NASDAQ:SFNC) saw unusually-high trading volume on Friday . Approximately 138,617 shares changed hands during trading, an increase of 27% from the previous session’s volume of 108,727 shares.The stock last traded at $49.10 and had previously closed at $49.24.

SFNC has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $53.00 target price (down from $54.00) on shares of Simmons First National Corp. in a research note on Wednesday, June 8th. Stephens cut shares of Simmons First National Corp. from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $52.00 to $50.00 in a research note on Friday, July 22nd. Finally, Zacks Investment Research cut shares of Simmons First National Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.80.

The company’s 50-day moving average is $47.97 and its 200-day moving average is $46.31. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.24 and a beta of 1.02.

Simmons First National Corp. (NASDAQ:SFNC) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. Simmons First National Corp. had a net margin of 21.34% and a return on equity of 9.48%. Equities research analysts forecast that Simmons First National Corp. will post $3.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Thursday, September 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Tuesday, September 13th. Simmons First National Corp.’s dividend payout ratio is currently 31.79%.

Institutional investors have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. boosted its position in Simmons First National Corp. by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 740,596 shares of the company’s stock valued at $33,379,000 after buying an additional 15,330 shares in the last quarter. Rothschild Asset Management Inc. boosted its position in Simmons First National Corp. by 8.7% in the second quarter. Rothschild Asset Management Inc. now owns 37,917 shares of the company’s stock valued at $1,751,000 after buying an additional 3,032 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Simmons First National Corp. by 67.5% in the first quarter. Goldman Sachs Group Inc. now owns 107,804 shares of the company’s stock valued at $4,859,000 after buying an additional 43,447 shares in the last quarter. BlackRock Group LTD boosted its position in Simmons First National Corp. by 4.7% in the first quarter. BlackRock Group LTD now owns 53,249 shares of the company’s stock valued at $2,399,000 after buying an additional 2,383 shares in the last quarter. Finally, Hillcrest Asset Management LLC purchased a new position in Simmons First National Corp. during the first quarter valued at about $8,941,000. Hedge funds and other institutional investors own 23.72% of the company’s stock.

About Simmons First National Corp.

Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits.

5 Day Chart for NASDAQ:SFNC

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