Zacks Investment Research upgraded shares of Simmons First National Corporation (NASDAQ:SFNC) from a hold rating to a buy rating in a research note published on Wednesday morning. Zacks Investment Research currently has $60.00 target price on the bank’s stock.

According to Zacks, “SIMMONS FIRST NATIONAL CORP bank holding company registered under the Bank Holding Act of 1956. Through its subsidiaries, Co. provides a full range of banking and mortgage services to individual and corporate customers. “

Several other equities research analysts have also recently commented on SFNC. Keefe, Bruyette & Woods set a $61.00 target price on Simmons First National Corporation and gave the company a hold rating in a research note on Saturday, April 22nd. Stephens upgraded Simmons First National Corporation from an equal weight rating to a buy rating and boosted their target price for the company from $60.00 to $64.00 in a research note on Friday, July 21st. Raymond James Financial, Inc. upgraded Simmons First National Corporation from an underperform rating to a market perform rating in a research note on Wednesday, July 5th. BidaskClub upgraded Simmons First National Corporation from a sell rating to a hold rating in a research note on Thursday, June 29th. Finally, ValuEngine cut Simmons First National Corporation from a buy rating to a hold rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Simmons First National Corporation presently has a consensus rating of Hold and an average target price of $61.75.

Simmons First National Corporation (NASDAQ SFNC) opened at 54.45 on Wednesday. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 17.99 and a beta of 1.12. The company’s 50-day moving average is $52.89 and its 200 day moving average is $55.24. Simmons First National Corporation has a 12 month low of $45.01 and a 12 month high of $67.00.

Simmons First National Corporation (NASDAQ:SFNC) last released its earnings results on Wednesday, July 19th. The bank reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The firm had revenue of $112.56 million for the quarter, compared to analysts’ expectations of $110 million. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. Equities analysts forecast that Simmons First National Corporation will post $3.16 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, June 13th. Simmons First National Corporation’s payout ratio is 33.00%.

In other news, Director Christopher R. Kirkland sold 547 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $55.00, for a total transaction of $30,085.00. Following the sale, the director now owns 228,399 shares in the company, valued at approximately $12,561,945. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven A. Cosse acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were bought at an average price of $53.50 per share, for a total transaction of $53,500.00. Following the purchase, the director now owns 20,816 shares in the company, valued at $1,113,656. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 4,500 shares of company stock worth $239,250 and have sold 29,833 shares worth $1,640,815. Corporate insiders own 4.63% of the company’s stock.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Simmons First National Corporation by 49,773.0% in the first quarter. BlackRock Inc. now owns 3,659,684 shares of the bank’s stock worth $201,831,000 after buying an additional 3,652,346 shares in the last quarter. Simmons Bank boosted its stake in shares of Simmons First National Corporation by 81.4% in the first quarter. Simmons Bank now owns 1,739,099 shares of the bank’s stock worth $95,912,000 after buying an additional 780,216 shares in the last quarter. State Street Corp boosted its stake in shares of Simmons First National Corporation by 34.8% in the first quarter. State Street Corp now owns 993,596 shares of the bank’s stock worth $54,799,000 after buying an additional 256,347 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Simmons First National Corporation by 1,333.0% in the first quarter. Thrivent Financial For Lutherans now owns 229,561 shares of the bank’s stock worth $12,660,000 after buying an additional 213,541 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Simmons First National Corporation by 5.8% in the first quarter. Vanguard Group Inc. now owns 2,511,310 shares of the bank’s stock worth $138,499,000 after buying an additional 138,399 shares in the last quarter. Institutional investors own 58.12% of the company’s stock.

About Simmons First National Corporation

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 and Tennessee.

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