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

Today, Simmons First National Corp. (SFNC) Upgrade to Hold by 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 report 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. “

Several other research firms have also recently weighed in on SFNC. Sandler O’Neill cut Simmons First National Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, November 22nd. Keefe, Bruyette & Woods cut Simmons First National Corp. from an “outperform” rating to a “market perform” rating and set a $51.00 price objective for the company. in a research report on Wednesday, October 26th.

Simmons First National Corp. (NASDAQ:SFNC) opened at 59.30 on Tuesday. The company has a market cap of $1.85 billion, a P/E ratio of 19.34 and a beta of 0.90. Simmons First National Corp. has a 52 week low of $38.30 and a 52 week high of $60.60. The firm has a 50-day moving average price of $52.75 and a 200 day moving average price of $48.89.

A number of hedge funds have recently bought and sold shares of SFNC. Price T Rowe Associates Inc. MD boosted its stake in Simmons First National Corp. by 0.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 528,690 shares of the company’s stock worth $26,382,000 after buying an additional 2,800 shares during the period. Credit Suisse AG raised its stake in Simmons First National Corp. by 0.5% in the third quarter. Credit Suisse AG now owns 34,144 shares of the company’s stock valued at $1,704,000 after buying an additional 162 shares in the last quarter. Hillcrest Asset Management LLC raised its stake in Simmons First National Corp. by 1.4% in the third quarter. Hillcrest Asset Management LLC now owns 200,366 shares of the company’s stock valued at $9,998,000 after buying an additional 2,710 shares in the last quarter. Eaton Vance Management raised its stake in Simmons First National Corp. by 383.1% in the third quarter. Eaton Vance Management now owns 55,457 shares of the company’s stock valued at $2,767,000 after buying an additional 43,978 shares in the last quarter. Finally, Kernodle & Katon Asset Management Group LLC raised its stake in Simmons First National Corp. by 1,312.3% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 46,422 shares of the company’s stock valued at $2,316,000 after buying an additional 43,135 shares in the last quarter. Institutional investors own 23.92% of the company’s stock.

About Simmons First National Corp.

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