Simmons First National (NASDAQ:SFNC) Rating Increased to Neutral at Piper Sandler

Simmons First National (NASDAQ:SFNC - Get Free Report) was upgraded by investment analysts at Piper Sandler from an "underweight" rating to a "neutral" rating in a research report issued to clients and investors on Monday, Marketbeat reports. The firm presently has a $21.00 price objective on the bank's stock, up from their previous price objective of $20.00. Piper Sandler's price target would indicate a potential upside of 13.64% from the company's current price.

Separately, Stephens lowered their price target on shares of Simmons First National from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd.

Simmons First National Trading Down 1.0 %

Simmons First National stock traded down $0.19 during trading on Monday, hitting $18.48. The company had a trading volume of 524,028 shares, compared to its average volume of 606,389. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. The company's 50 day simple moving average is $19.84 and its 200-day simple moving average is $22.02. Simmons First National has a 1-year low of $16.03 and a 1-year high of $25.95. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 15.27 and a beta of 0.82.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The business had revenue of $209.58 million during the quarter, compared to analysts' expectations of $209.00 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. During the same quarter in the previous year, the company posted $0.32 EPS. As a group, analysts expect that Simmons First National will post 1.66 EPS for the current fiscal year.

Institutional Trading of Simmons First National

Several institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Simmons First National in the 4th quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Simmons First National during the fourth quarter valued at approximately $36,000. Quarry LP acquired a new position in Simmons First National in the fourth quarter worth about $47,000. Smartleaf Asset Management LLC boosted its stake in shares of Simmons First National by 168.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank's stock valued at $48,000 after purchasing an additional 1,345 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Simmons First National by 813.8% during the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock worth $87,000 after purchasing an additional 3,483 shares in the last quarter. Institutional investors and hedge funds 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.