Simmons First National Co. (NASDAQ:SFNC) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.63.
A number of research analysts recently commented on the company. BidaskClub downgraded Simmons First National from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Zacks Investment Research downgraded Simmons First National from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Sandler O’Neill set a $31.50 target price on Simmons First National and gave the stock a “hold” rating in a research note on Thursday, January 4th.
SFNC stock traded up $0.35 during midday trading on Wednesday, reaching $28.65. The company had a trading volume of 129,141 shares, compared to its average volume of 417,720. The company has a market cap of $2,610.72, a PE ratio of 16.78 and a beta of 1.14. Simmons First National has a 1-year low of $24.88 and a 1-year high of $30.90. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.73.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.09%. The ex-dividend date was Wednesday, March 14th. Simmons First National’s payout ratio is 35.09%.
In other news, EVP Steven C. Wade sold 8,610 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $29.34, for a total transaction of $252,617.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Vernon Wilson Jr. Bryant sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $28.99, for a total value of $289,900.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,610 shares of company stock valued at $4,085,217. Insiders own 2.76% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Strs Ohio grew its holdings in shares of Simmons First National by 1.5% during the fourth quarter. Strs Ohio now owns 76,100 shares of the bank’s stock worth $4,345,000 after purchasing an additional 1,100 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Simmons First National by 22.6% during the fourth quarter. State of Alaska Department of Revenue now owns 7,807 shares of the bank’s stock worth $445,000 after purchasing an additional 1,440 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Simmons First National by 22.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,807 shares of the bank’s stock worth $446,000 after purchasing an additional 1,457 shares during the last quarter. American International Group Inc. grew its holdings in shares of Simmons First National by 7.1% during the third quarter. American International Group Inc. now owns 24,191 shares of the bank’s stock worth $1,401,000 after purchasing an additional 1,595 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Simmons First National by 4.9% during the fourth quarter. Stephens Inc. AR now owns 37,804 shares of the bank’s stock worth $2,159,000 after purchasing an additional 1,776 shares during the last quarter. Institutional investors own 25.88% of the company’s stock.
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Simmons First National Company Profile
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
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