Simmons First National Corporation (NASDAQ:SFNC) Stock Has Average Price Target of $25.69 According to Brokerages

Key Points

• Analysts give Simmons First National a “Moderate Buy” consensus rating, with four buys, one strong buy, three holds and one sell. The average 12-month price target is $25.69.
• Simmons First National reported quarterly EPS of $0.54, slightly exceeding the $0.53 consensus estimate, while revenue rose 8% year over year to $251.17 million, below expectations.
• The company maintains a quarterly dividend of $0.215 per share, equivalent to $0.86 annually and a 3.9% yield; institutional investors own 27.58% of its stock.

Shares of Simmons First National Corporation (NASDAQ:SFNC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $25.69.

SFNC has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Simmons First National in a research report on Tuesday, July 21st. Piper Sandler upgraded shares of Simmons First National from an "underweight" rating to an "overweight" rating and upped their price objective for the company from $26.00 to $27.50 in a research report on Friday, September 4th. National Bank Financial set a $26.00 price objective on Simmons First National in a research note on Friday, September 4th. Keefe, Bruyette & Woods dropped their price objective on Simmons First National from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Morgan Stanley lifted their target price on Simmons First National from $26.00 to $27.00 and gave the stock an "underweight" rating in a report on Monday.

Simmons First National Stock Up 0.7%

Simmons First National stock opened at $22.22 on Tuesday. The company's 50 day simple moving average is $22.89 and its 200 day simple moving average is $22.24. Simmons First National has a fifty-two week low of $17.00 and a fifty-two week high of $24.32. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 12.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its earnings results on Thursday, October 15th. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Simmons First National had a net margin of 18.38% and a return on equity of 8.73%. The firm had revenue of $251.17 million during the quarter, compared to the consensus estimate of $254.03 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Simmons First National will post 2.06 EPS for the current year.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a dividend of $0.2150 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.9%. Simmons First National's dividend payout ratio (DPR) is currently 48.04%.

Hedge Funds Weigh In On Simmons First National

Several institutional investors have recently modified their holdings of SFNC. Leeward Investments LLC MA acquired a new position in shares of Simmons First National in the 1st quarter valued at approximately $15,744,000. Wellington Management Group LLP raised its holdings in Simmons First National by 3.9% during the 2nd quarter. Wellington Management Group LLP now owns 6,591,542 shares of the bank's stock worth $149,298,000 after buying an additional 245,024 shares during the period. Sei Investments Co. raised its holdings in Simmons First National by 151.6% during the 1st quarter. Sei Investments Co. now owns 405,336 shares of the bank's stock worth $7,884,000 after buying an additional 244,220 shares during the period. 1492 Capital Management LLC bought a new position in Simmons First National in the first quarter valued at approximately $3,067,000. Finally, Empowered Funds LLC lifted its stake in Simmons First National by 33.5% in the first quarter. Empowered Funds LLC now owns 625,391 shares of the bank's stock valued at $12,164,000 after buying an additional 157,061 shares in the last quarter. Institutional investors own 27.58% of the company's stock.

Simmons First National Company Profile

Simmons First National Corporation is a financial services company headquartered in Pine Bluff, Arkansas, and the parent company of Simmons Bank. Founded in 1903, the company has grown from a community bank into a regional banking organization serving businesses, individuals and institutions.

Simmons Bank provides a range of banking services, including checking and savings accounts, commercial and consumer lending, residential mortgage lending, credit cards and treasury management. The bank also offers wealth management, trust, investment and brokerage services to individuals, businesses and nonprofit organizations.

Through its branch network and digital banking platforms, Simmons Bank serves customers in Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.

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