Simmons First National (NASDAQ:SFNC) Shares Gap Down - What's Next?

Simmons First National Corporation (NASDAQ:SFNC - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $20.08, but opened at $19.49. Simmons First National shares last traded at $19.74, with a volume of 3,238,748 shares.

Wall Street Analysts Forecast Growth

SFNC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Simmons First National from $21.00 to $22.00 and gave the stock a "market perform" rating in a research report on Monday. Piper Sandler raised shares of Simmons First National from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $20.00 to $21.00 in a research report on Monday, April 21st. Stephens decreased their target price on 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. DA Davidson raised their price target on shares of Simmons First National from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Simmons First National from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Simmons First National presently has a consensus rating of "Hold" and an average target price of $22.75.

Simmons First National Trading Down 0.4%

The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 15.77 and a beta of 0.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.28. The business's 50 day simple moving average is $19.24 and its 200 day simple moving average is $20.16.

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

Simmons First National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 4.24%. The ex-dividend date was Friday, June 13th. Simmons First National's dividend payout ratio (DPR) is 66.93%.

Institutional Trading of Simmons First National

Several hedge funds and other institutional investors have recently bought and sold shares of SFNC. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Simmons First National in the 4th quarter worth about $36,000. Quarry LP acquired a new stake in Simmons First National in the 4th quarter worth about $47,000. GAMMA Investing LLC increased its holdings in Simmons First National by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,426 shares of the bank's stock valued at $65,000 after buying an additional 892 shares during the period. SouthState Corp bought a new position in Simmons First National in the 1st quarter valued at about $71,000. Finally, Sterling Capital Management LLC increased its holdings in Simmons First National by 813.8% in the 4th quarter. Sterling Capital Management LLC now owns 3,911 shares of the bank's stock valued at $87,000 after buying an additional 3,483 shares during the period. 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.