Stephens Has Lowered Expectations for Simmons First National (NASDAQ:SFNC) Stock Price

Simmons First National (NASDAQ:SFNC - Get Free Report) had its price target decreased by analysts at Stephens from $27.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the bank's stock. Stephens' price target would indicate a potential upside of 36.43% from the stock's previous close.

Separately, Piper Sandler upgraded Simmons First National from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $20.00 to $21.00 in a report on Monday.

Simmons First National Stock Up 1.0 %

NASDAQ SFNC traded up $0.18 during trading on Monday, reaching $18.33. 40,070 shares of the company's stock traded hands, compared to its average volume of 603,917. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 15.10 and a beta of 0.82. The company's 50 day simple moving average is $19.99 and its two-hundred day simple moving average is $22.06. Simmons First National has a 12-month low of $16.03 and a 12-month high of $25.95.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). The company had revenue of $209.58 million for the quarter, compared to analysts' expectations of $209.00 million. Simmons First National had a return on equity of 5.10% and a net margin of 10.46%. During the same period in the prior year, the firm posted $0.32 EPS. As a group, sell-side analysts forecast that Simmons First National will post 1.66 EPS for the current fiscal year.

Institutional Trading of Simmons First National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cresset Asset Management LLC raised its position in Simmons First National by 0.7% in the fourth quarter. Cresset Asset Management LLC now owns 76,711 shares of the bank's stock valued at $1,718,000 after purchasing an additional 546 shares during the period. CIBC Asset Management Inc increased its position in shares of Simmons First National by 6.3% during the fourth quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank's stock worth $279,000 after acquiring an additional 751 shares during the period. HighTower Advisors LLC increased its position in shares of Simmons First National by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 19,600 shares of the bank's stock worth $435,000 after acquiring an additional 812 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Simmons First National by 4.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 27,396 shares of the bank's stock worth $613,000 after acquiring an additional 1,049 shares during the period. Finally, Sowell Financial Services LLC increased its position in shares of Simmons First National by 7.7% during the first 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 during the period. Hedge funds and other institutional investors 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.