Simmons First National (NASDAQ:SFNC) Stock Crosses Above 200 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Shares of Simmons First National Corporation (NASDAQ:SFNC – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.53 and traded as high as $21.79. Simmons First National shares last traded at $21.36, with a volume of 876,159 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research lowered shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings upgraded shares of Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. DA Davidson reiterated a “neutral” rating and set a $21.00 price objective on shares of Simmons First National in a research report on Friday, April 17th. Wall Street Zen upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Stephens increased their target price on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

View Our Latest Research Report on SFNC

Simmons First National Trading Down 0.4%

The firm has a market cap of $3.09 billion, a PE ratio of -8.31 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average price is $20.11 and its two-hundred day moving average price is $19.53.

Simmons First National (NASDAQ:SFNC – Get Free Report) last announced its earnings results on Thursday, April 16th. The bank reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Simmons First National had a negative net margin of 25.44% and a positive return on equity of 7.81%. The business had revenue of $241.37 million for the quarter, compared to the consensus estimate of $243.02 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts forecast that Simmons First National Corporation will post 2.08 EPS for the current year.

Simmons First National announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 17th that permits the company to repurchase $175.00 million in outstanding shares. This repurchase authorization permits the bank to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Simmons First National

Several hedge funds and other institutional investors have recently made changes to their positions in SFNC. Bessemer Group Inc. increased its stake in Simmons First National by 156.0% in the 1st quarter. Bessemer Group Inc. now owns 1,518 shares of the bank’s stock worth $29,000 after buying an additional 925 shares during the period. EverSource Wealth Advisors LLC increased its stake in Simmons First National by 197.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock worth $32,000 after buying an additional 1,104 shares during the period. Hantz Financial Services Inc. increased its stake in Simmons First National by 35.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,884 shares of the bank’s stock worth $36,000 after buying an additional 495 shares during the period. Jones Financial Companies Lllp increased its stake in Simmons First National by 42.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,175 shares of the bank’s stock worth $43,000 after buying an additional 649 shares during the period. Finally, Osaic Holdings Inc. increased its stake in Simmons First National by 32.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock worth $50,000 after buying an additional 644 shares during the period. Hedge funds and other institutional investors own 27.58% of the company’s stock.

Simmons First National Company Profile

(Get Free Report)

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.

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