Simmons First National (NASDAQ:SFNC) Price Target Raised to $23.00 at DA Davidson

Simmons First National (NASDAQ:SFNC - Get Free Report) had its price objective upped by research analysts at DA Davidson from $21.00 to $23.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the bank's stock. DA Davidson's price objective indicates a potential upside of 16.99% from the company's current price. DA Davidson also issued estimates for Simmons First National's Q3 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.51 EPS, FY2025 earnings at $1.69 EPS, FY2025 earnings at $1.77 EPS and FY2026 earnings at $2.01 EPS.

A number of other analysts have also weighed in on the company. Piper Sandler upgraded Simmons First National from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $20.00 to $21.00 in a research note on Monday, April 21st. Stephens decreased their price target 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. Wall Street Zen raised Simmons First National from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Keefe, Bruyette & Woods raised their price target on Simmons First National from $21.00 to $22.00 and gave the company a "market perform" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $22.75.

Simmons First National Trading Down 2.2%

NASDAQ SFNC traded down $0.45 on Wednesday, hitting $19.66. 4,203,560 shares of the stock were exchanged, compared to its average volume of 1,656,695. The stock has a fifty day moving average price of $19.24 and a two-hundred day moving average price of $20.15. The firm has a market capitalization of $2.48 billion, a P/E ratio of 15.48 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 0.80. Simmons First National has a 52-week low of $17.20 and a 52-week high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The company had revenue of $214.18 million for 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 for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 EPS. Research analysts forecast that Simmons First National will post 1.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Charles Daniel Hobbs bought 5,400 shares of Simmons First National stock in a transaction that occurred on Wednesday, July 23rd. The stock was bought at an average price of $18.50 per share, for a total transaction of $99,900.00. Following the purchase, the chief financial officer directly owned 10,213 shares of the company's stock, valued at approximately $188,940.50. The trade was a 112.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Russell William Teubner acquired 4,050 shares of the stock in a transaction on Wednesday, July 23rd. The stock was bought at an average price of $18.50 per share, for a total transaction of $74,925.00. Following the transaction, the director owned 25,576 shares in the company, valued at approximately $473,156. This represents a 18.81% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 89,555 shares of company stock worth $1,656,768. Insiders own 1.44% of the company's stock.

Hedge Funds Weigh In On Simmons First National

Several institutional investors have recently made changes to their positions in SFNC. Principal Financial Group Inc. grew its position in Simmons First National by 2.7% during the first quarter. Principal Financial Group Inc. now owns 691,328 shares of the bank's stock valued at $14,193,000 after buying an additional 17,888 shares during the period. Sowell Financial Services LLC increased its holdings in Simmons First National by 7.7% in the 1st quarter. Sowell Financial Services LLC now owns 14,738 shares of the bank's stock worth $303,000 after acquiring an additional 1,056 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Simmons First National during the fourth quarter valued at $579,000. KBC Group NV grew its position in shares of Simmons First National by 18.7% in the first quarter. KBC Group NV now owns 7,231 shares of the bank's stock valued at $148,000 after purchasing an additional 1,140 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Simmons First National in the first quarter valued at about $1,086,000. 27.58% of the stock is owned by hedge funds and other institutional investors.

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.