Free Trial

Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Simmons First National (NASDAQ:SFNC) Stock

Simmons First National logo with Finance background

Simmons First National (NASDAQ:SFNC - Get Free Report) had its price target boosted by analysts at Keefe, Bruyette & Woods from $21.00 to $22.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 9.73% from the company's current price.

SFNC has been the topic of a number of other reports. Wall Street Zen upgraded shares of Simmons First National from a "sell" rating to a "hold" rating in a research report on Friday. Stephens lowered their price objective on shares of Simmons First National from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Piper Sandler upgraded shares of Simmons First National from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $20.00 to $21.00 in a research report on Monday, April 21st.

Check Out Our Latest Stock Report on Simmons First National

Simmons First National Price Performance

NASDAQ SFNC traded down $0.01 on Monday, hitting $20.05. The company had a trading volume of 102,065 shares, compared to its average volume of 634,649. The company has a market capitalization of $2.52 billion, a PE ratio of 15.72 and a beta of 0.92. The company's fifty day moving average price is $19.26 and its 200-day moving average price is $20.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.80 and a quick ratio of 0.80. Simmons First National has a 12-month low of $17.20 and a 12-month high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $214.18 million during the quarter, compared to analyst estimates of $217.21 million. Simmons First National had a net margin of 11.19% and a return on equity of 5.23%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. As a group, analysts predict that Simmons First National will post 1.66 earnings per share for the current year.

Institutional Investors Weigh In On Simmons First National

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Simmons First National by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 14,866,647 shares of the bank's stock valued at $329,742,000 after acquiring an additional 630,376 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Simmons First National by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,616,599 shares of the bank's stock worth $168,938,000 after buying an additional 51,468 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in Simmons First National by 119.9% during the first quarter. Westwood Holdings Group Inc. now owns 3,483,147 shares of the bank's stock valued at $71,509,000 after buying an additional 1,899,407 shares in the last quarter. Invesco Ltd. raised its stake in shares of Simmons First National by 140.6% during the first quarter. Invesco Ltd. now owns 1,518,806 shares of the bank's stock valued at $31,181,000 after purchasing an additional 887,603 shares during the period. Finally, Norges Bank purchased a new stake in shares of Simmons First National during the fourth quarter valued at approximately $27,095,000. 27.58% of the stock is owned by institutional investors and hedge funds.

Simmons First National Company Profile

(Get Free Report)

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Simmons First National Right Now?

Before you consider Simmons First National, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Simmons First National wasn't on the list.

While Simmons First National currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why Drone Stocks Are Skyrocketing Right Now!
Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines