Simmons First National (NASDAQ:SFNC) Hits New 52-Week High - What's Next?

Simmons First National Co. (NASDAQ:SFNC - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $25.53 and last traded at $25.47, with a volume of 13356 shares trading hands. The stock had previously closed at $23.31.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Simmons First National from $20.00 to $22.00 and gave the stock a "market perform" rating in a research note on Thursday, July 25th. StockNews.com upgraded Simmons First National from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. Piper Sandler upped their price objective on shares of Simmons First National from $18.00 to $20.00 and gave the stock an "underweight" rating in a research note on Friday, July 26th. Finally, Stephens upgraded shares of Simmons First National from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $27.00 to $28.00 in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $23.00.

Simmons First National Stock Performance

The business has a 50-day moving average of $21.89 and a two-hundred day moving average of $19.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $3.21 billion, a P/E ratio of 24.84 and a beta of 0.86.

Simmons First National (NASDAQ:SFNC - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. The business had revenue of $203.20 million for the quarter, compared to analysts' expectations of $204.91 million. During the same period last year, the business earned $0.39 EPS. The company's revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Simmons First National Co. will post 1.33 EPS for the current fiscal year.

Insider Activity

In related news, CAO David W. Garner sold 3,600 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total transaction of $76,356.00. Following the transaction, the chief accounting officer now directly owns 64,966 shares in the company, valued at $1,377,928.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.91% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Natixis Advisors LLC acquired a new stake in Simmons First National during the 3rd quarter valued at approximately $336,000. Empowered Funds LLC grew its position in shares of Simmons First National by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 339,142 shares of the bank's stock valued at $7,305,000 after acquiring an additional 17,265 shares during the period. KBC Group NV increased its position in shares of Simmons First National by 29.0% in the third quarter. KBC Group NV now owns 4,648 shares of the bank's stock valued at $100,000 after buying an additional 1,045 shares in the last quarter. Versor Investments LP purchased a new position in shares of Simmons First National during the 3rd quarter valued at approximately $952,000. Finally, Jag Capital Management LLC grew its stake in Simmons First National by 1.2% in the 3rd quarter. Jag Capital Management LLC now owns 119,236 shares of the bank's stock valued at $2,568,000 after acquiring an additional 1,431 shares during the period. Hedge funds and other institutional investors own 27.58% of the company's stock.

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.