Trading Report: Today, Simmons First National Corp. (SFNC) Raised to Hold at The Zacks Investment Research

Today, Simmons First National Corp. (SFNC) Raised to Hold at The Zacks Investment Research

Simmons First National Corp. (NASDAQ:SFNC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “SIMMONS FIRST NATIONAL CORP bank holding company registered under the Bank Holding Act of 1956. Through its subsidiaries, Co. provides a full range of banking and mortgage services to individual and corporate customers. “

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods downgraded Simmons First National Corp. from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a research report on Wednesday, October 26th. Sandler O’Neill downgraded Simmons First National Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, November 22nd.

Simmons First National Corp. (NASDAQ:SFNC) opened at 59.30 on Tuesday. The company has a 50-day moving average price of $52.75 and a 200-day moving average price of $48.89. Simmons First National Corp. has a one year low of $38.30 and a one year high of $60.60. The firm has a market cap of $1.85 billion, a PE ratio of 19.34 and a beta of 0.90.

Several large investors have recently made changes to their positions in SFNC. BlackRock Fund Advisors increased its stake in shares of Simmons First National Corp. by 9.2% in the third quarter. BlackRock Fund Advisors now owns 1,986,308 shares of the company’s stock worth $99,117,000 after buying an additional 166,795 shares during the period. Investment Counselors of Maryland LLC purchased a new stake in shares of Simmons First National Corp. during the third quarter valued at about $7,786,000. Vanguard Group Inc. increased its stake in shares of Simmons First National Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 1,751,063 shares of the company’s stock valued at $80,874,000 after buying an additional 84,707 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Simmons First National Corp. by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,118,362 shares of the company’s stock valued at $51,650,000 after buying an additional 61,071 shares during the period. Finally, Commonwealth Equity Services Inc increased its stake in shares of 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 period. Institutional investors own 23.92% of the company’s stock.

Simmons First National Corp. Company Profile

Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits.

Related posts

Leave a Comment