Simmons First National Corporation (NASDAQ:SFNC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $65.00 target price on the bank’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.49% from the stock’s previous close.

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. “

Other analysts have also issued research reports about the company. BidaskClub raised Simmons First National Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 21st. Stephens raised Simmons First National Corporation from an “equal weight” rating to a “buy” rating and upped their target price for the company from $60.00 to $64.00 in a report on Friday, July 21st. Finally, Raymond James Financial, Inc. raised Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $63.00.

Shares of Simmons First National Corporation (NASDAQ:SFNC) opened at 58.30 on Tuesday. The company has a 50-day moving average of $53.89 and a 200-day moving average of $53.29. Simmons First National Corporation has a 1-year low of $45.90 and a 1-year high of $67.00. The firm has a market cap of $1.83 billion, a PE ratio of 18.63 and a beta of 1.15.

Simmons First National Corporation (NASDAQ:SFNC) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. Simmons First National Corporation had a return on equity of 8.71% and a net margin of 21.03%. The firm had revenue of $112.56 million for the quarter, compared to analyst estimates of $110.00 million. Analysts predict that Simmons First National Corporation will post $3.12 earnings per share for the current fiscal year.

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In related news, Director Christopher R. Kirkland sold 50,000 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $55.12, for a total transaction of $2,756,000.00. Following the transaction, the director now directly owns 208,276 shares in the company, valued at $11,480,173.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher R. Kirkland sold 33,009 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $55.41, for a total value of $1,829,028.69. Following the transaction, the director now owns 168,276 shares in the company, valued at $9,324,173.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 174,802 shares of company stock worth $9,631,084. Corporate insiders own 4.63% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its position in Simmons First National Corporation 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 buying an additional 831 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Simmons First National Corporation during the first quarter worth about $140,000. Victory Capital Management Inc. lifted its position in Simmons First National Corporation by 23.8% during the first quarter. Victory Capital Management Inc. now owns 2,706 shares of the bank’s stock worth $149,000 after buying an additional 521 shares during the period. SG Americas Securities LLC lifted its position in Simmons First National Corporation by 24.6% during the first quarter. SG Americas Securities LLC now owns 3,598 shares of the bank’s stock worth $198,000 after buying an additional 710 shares during the period. Finally, Clinton Group Inc. lifted its position in Simmons First National Corporation by 3.4% during the first quarter. Clinton Group Inc. now owns 3,813 shares of the bank’s stock worth $210,000 after buying an additional 126 shares during the period. Hedge funds and other institutional investors own 25.87% 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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