Simmons First National (NASDAQ:SFNC) Shares Gap Down to $18.81

Simmons First National Co. (NASDAQ:SFNC - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $18.81, but opened at $18.00. Simmons First National shares last traded at $18.35, with a volume of 23,561 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Simmons First National from a "hold" rating to a "sell" rating in a research report on Friday, February 2nd. Robert W. Baird upped their target price on Simmons First National from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, January 25th.

Simmons First National Stock Down 3.1 %

The firm's 50 day moving average is $18.79 and its 200-day moving average is $17.98. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.28 billion, a PE ratio of 13.63 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. Simmons First National had a return on equity of 6.19% and a net margin of 12.82%. The firm had revenue of $197.80 million for the quarter, compared to analyst estimates of $204.25 million. During the same period last year, the company earned $0.64 EPS. The firm's quarterly revenue was down 15.3% on a year-over-year basis. As a group, equities research analysts expect that Simmons First National Co. will post 1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Simmons First National

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new position in shares of Simmons First National in the 4th quarter valued at $29,000. Briaud Financial Planning Inc acquired a new stake in Simmons First National in the third quarter valued at $81,000. TFO Wealth Partners LLC grew its holdings in Simmons First National by 250,150.0% during the 4th quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank's stock worth $199,000 after acquiring an additional 10,006 shares in the last quarter. Summit Financial Wealth Advisors LLC increased its position in shares of Simmons First National by 15.9% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank's stock worth $230,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Simmons First National in the first quarter valued at about $227,000. Institutional investors and hedge funds own 27.58% of the company's stock.

Simmons First National Company Profile

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.