BidaskClub upgraded shares of Simmons First National (NASDAQ:SFNC) from a hold rating to a buy rating in a research note released on Wednesday.

Several other research analysts have also recently issued reports on the stock. Sandler O’Neill set a $31.50 price target on shares of Simmons First National and gave the stock a hold rating in a report on Thursday, January 4th. Zacks Investment Research raised shares of Simmons First National from a hold rating to a buy rating and set a $33.00 price target for the company in a report on Saturday, January 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $31.90.

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SFNC stock opened at $30.40 on Wednesday. The stock has a market cap of $2,795.22, a PE ratio of 22.19 and a beta of 1.15. Simmons First National has a 1-year low of $24.88 and a 1-year high of $30.90. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $163.55 million during the quarter, compared to analysts’ expectations of $155.80 million. Simmons First National had a net margin of 17.41% and a return on equity of 8.28%. analysts predict that Simmons First National will post 2.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.97%. Simmons First National’s dividend payout ratio (DPR) is presently 43.80%.

In other Simmons First National news, EVP Steven C. Wade sold 8,610 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $29.34, for a total value of $252,617.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vernon Wilson Jr. Bryant sold 10,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $28.99, for a total transaction of $289,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,610 shares of company stock valued at $4,085,217. 4.63% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB purchased a new position in Simmons First National in the fourth quarter valued at about $242,000. MetLife Investment Advisors LLC purchased a new position in shares of Simmons First National during the 4th quarter worth approximately $1,081,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Simmons First National by 22.0% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 14,790 shares of the bank’s stock worth $845,000 after purchasing an additional 2,670 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its stake in shares of Simmons First National by 294.1% during the 4th quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 15,862 shares of the bank’s stock worth $906,000 after purchasing an additional 11,837 shares in the last quarter. Finally, Meadow Creek Investment Management LLC increased its stake in shares of Simmons First National by 37.9% during the 4th quarter. Meadow Creek Investment Management LLC now owns 6,800 shares of the bank’s stock worth $388,000 after purchasing an additional 1,870 shares in the last quarter. 14.15% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Simmons First National (NASDAQ:SFNC)

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