Stephens Trims Simmons First National (NASDAQ:SFNC) Target Price to $21.00

Simmons First National (NASDAQ:SFNC - Get Free Report) had its price objective cut by investment analysts at Stephens from $22.00 to $21.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the bank's stock. Stephens' price target indicates a potential upside of 17.65% from the company's current price.

Several other brokerages have also commented on SFNC. Keefe, Bruyette & Woods cut their price objective on Simmons First National from $21.00 to $20.00 and set a "market perform" rating for the company in a report on Thursday. Robert W. Baird raised their price objective on shares of Simmons First National from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, January 25th. Finally, StockNews.com downgraded Simmons First National from a "hold" rating to a "sell" rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $21.00.

Simmons First National Stock Performance

Shares of SFNC traded down $0.38 during trading hours on Thursday, hitting $17.85. The company's stock had a trading volume of 571,714 shares, compared to its average volume of 518,020. The business has a 50 day simple moving average of $18.77 and a two-hundred day simple moving average of $17.98. Simmons First National has a 52-week low of $13.36 and a 52-week high of $20.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 12.93 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32. The business had revenue of $195.10 million during the quarter, compared to analyst estimates of $202.35 million. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. Simmons First National's revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. On average, equities analysts expect that Simmons First National will post 1.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Simmons First National during the fourth quarter valued at approximately $29,000. Briaud Financial Planning Inc purchased a new position in shares of Simmons First National during the 3rd quarter worth approximately $81,000. TFO Wealth Partners LLC grew its stake in Simmons First National by 250,150.0% in the fourth quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank's stock worth $199,000 after purchasing an additional 10,006 shares during the period. Nisa Investment Advisors LLC lifted its position in Simmons First National by 1,314.8% during the third quarter. Nisa Investment Advisors LLC now owns 12,875 shares of the bank's stock valued at $218,000 after buying an additional 11,965 shares during the period. Finally, QRG Capital Management Inc. bought a new position in shares of Simmons First National in the 3rd quarter worth about $219,000. Institutional investors own 27.58% of the company's stock.

About Simmons First National

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.