Research analysts at Robert W. Baird assumed coverage on shares of Simmons First National (NASDAQ:SFNC) in a research note issued on Tuesday, MarketBeat reports. The firm set an “outperform” rating and a $34.00 price target on the bank’s stock. Robert W. Baird’s price target points to a potential upside of 21.91% from the company’s current price.
A number of other analysts have also weighed in on SFNC. ValuEngine lowered shares of Simmons First National from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. BidaskClub lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Saturday, September 29th. Zacks Investment Research lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Finally, Sandler O’Neill lowered shares of Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research note on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Simmons First National currently has an average rating of “Hold” and an average price target of $33.25.
NASDAQ SFNC opened at $27.89 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $2.72 billion, a PE ratio of 16.31 and a beta of 0.99. Simmons First National has a 12 month low of $26.73 and a 12 month high of $33.45.
In related news, Director Russell William Teubner sold 2,928 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $30.25, for a total value of $88,572.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.76% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Capital Fund Management S.A. purchased a new stake in shares of Simmons First National during the second quarter valued at about $227,000. LPL Financial LLC purchased a new stake in shares of Simmons First National during the first quarter valued at about $217,000. Diversified Trust Co lifted its position in shares of Simmons First National by 77.0% during the first quarter. Diversified Trust Co now owns 7,938 shares of the bank’s stock valued at $226,000 after buying an additional 3,452 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Simmons First National during the second quarter valued at about $256,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Simmons First National during the second quarter valued at about $305,000. 30.02% of the stock is owned by institutional investors and hedge funds.
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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