The Simmons First National Corp. (SFNC) Cut to Market Perform at Keefe, Bruyette & Woods

The Simmons First National Corp. (SFNC) Cut to Market Perform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods lowered shares of Simmons First National Corp. (NASDAQ:SFNC) from an outperform rating to a market perform rating in a report issued on Wednesday. They currently have $51.00 price objective on the stock.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Simmons First National Corp. from a hold rating to a buy rating and set a $58.00 price objective on the stock in a research report on Tuesday, October 11th. Stephens downgraded shares of Simmons First National Corp. from an overweight rating to an equal weight rating and decreased their price objective for the company from $52.00 to $50.00 in a research report on Friday, July 22nd.

Shares of Simmons First National Corp. (NASDAQ:SFNC) opened at 48.95 on Wednesday. Simmons First National Corp. has a 1-year low of $38.30 and a 1-year high of $58.75. The firm has a 50-day moving average of $49.64 and a 200 day moving average of $47.55. The company has a market capitalization of $1.53 billion, a P/E ratio of 15.99 and a beta of 1.05.

The business also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Thursday, September 15th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.96 annualized dividend and a yield of 1.96%. Simmons First National Corp.’s payout ratio is 31.37%.

A number of institutional investors have recently bought and sold shares of SFNC. Texas Permanent School Fund boosted its position in Simmons First National Corp. by 0.7% in the third quarter. Texas Permanent School Fund now owns 22,013 shares of the company’s stock valued at $1,098,000 after buying an additional 157 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Simmons First National Corp. by 4.6% in the third quarter. Great West Life Assurance Co. Can now owns 39,462 shares of the company’s stock valued at $1,968,000 after buying an additional 1,742 shares during the last quarter. Commonwealth Equity Services Inc boosted its position in Simmons First National Corp. by 116.2% in the third quarter. Commonwealth Equity Services Inc now owns 86,194 shares of the company’s stock valued at $4,301,000 after buying an additional 46,322 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Simmons First National Corp. by 0.8% in the third quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $639,000 after buying an additional 100 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in Simmons First National Corp. by 4.6% in the third quarter. Nationwide Fund Advisors now owns 27,654 shares of the company’s stock valued at $1,380,000 after buying an additional 1,209 shares during the last quarter. 38.32% of the stock is owned by institutional investors.

Simmons First National Corp. Company Profile

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