Keefe, Bruyette & Woods Cuts Simmons First National (NASDAQ:SFNC) Price Target to $21.00

Simmons First National (NASDAQ:SFNC) had its price objective cut by stock analysts at Keefe, Bruyette & Woods from $23.00 to $21.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 21.39% from the company’s previous close.

SFNC has been the topic of a number of other reports. Stephens lowered their price target on Simmons First National from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday. Piper Sandler upgraded shares of 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 report on Monday.

Simmons First National Stock Performance

Shares of SFNC traded down $0.09 on Monday, reaching $17.30. 213,384 shares of the stock traded hands, compared to its average volume of 601,240. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 14.30 and a beta of 0.82. Simmons First National has a 12 month low of $16.03 and a 12 month high of $25.95. The stock’s 50-day moving average price is $20.28 and its 200-day moving average price is $22.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The business had revenue of $209.58 million during the quarter, compared to analyst estimates of $209.00 million. During the same quarter in the prior year, the company posted $0.32 EPS. Equities analysts forecast that Simmons First National will post 1.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Simmons First National

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFNC. Jones Financial Companies Lllp bought a new stake in shares of Simmons First National during the fourth quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Simmons First National during the fourth quarter valued at $36,000. Quarry LP bought a new position in Simmons First National in the fourth quarter valued at about $47,000. Smartleaf Asset Management LLC raised its holdings in Simmons First National by 168.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,144 shares of the bank’s stock worth $48,000 after purchasing an additional 1,345 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of 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 purchasing an additional 3,483 shares during the last quarter. 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.