Simmons First National (NASDAQ:SFNC) Price Target Cut to $20.00 by Analysts at Keefe, Bruyette & Woods

Simmons First National (NASDAQ:SFNC) had its price objective decreased by Keefe, Bruyette & Woods from $21.00 to $20.00 in a research note issued to investors on Thursday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Several other research firms have also commented on SFNC. Robert W. Baird raised their target price on shares of Simmons First National from $20.00 to $22.00 and gave the company a neutral rating in a report on Thursday, January 25th. StockNews.com cut shares of Simmons First National from a hold rating to a sell rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, Simmons First National presently has an average rating of Hold and a consensus target price of $21.00.

Simmons First National Stock Down 1.2 %

Simmons First National stock traded down $0.21 during mid-day trading on Thursday, reaching $17.64. The company’s stock had a trading volume of 127,939 shares, compared to its average volume of 513,146. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 13.42 and a beta of 0.87. Simmons First National has a 12 month low of $13.36 and a 12 month high of $20.82. The business’s 50 day simple moving average is $18.77 and its 200 day simple moving average is $17.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $202.35 million. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. As a group, research analysts anticipate that Simmons First National will post 1.35 earnings per share for the current year.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.21 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.84 annualized dividend and a dividend yield of 4.76%. Simmons First National’s dividend payout ratio is currently 63.16%.

Hedge Funds Weigh In On Simmons First National

A number of large investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Simmons First National during the fourth quarter worth approximately $27,751,000. Goldman Sachs Group Inc. boosted its holdings in shares of Simmons First National by 54.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 992,678 shares of the bank’s stock valued at $19,695,000 after buying an additional 349,534 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Simmons First National by 131.8% during the 4th quarter. Victory Capital Management Inc. now owns 475,239 shares of the bank’s stock valued at $9,429,000 after buying an additional 270,255 shares in the last quarter. Denali Advisors LLC bought a new stake in shares of Simmons First National during the 1st quarter valued at $3,577,000. Finally, Simmons Bank boosted its holdings in shares of Simmons First National by 9.8% during the 4th quarter. Simmons Bank now owns 1,977,793 shares of the bank’s stock valued at $39,239,000 after buying an additional 175,716 shares in the last quarter. 27.58% of the stock is currently owned by 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.