Simmons First National Corporation (SFNC) Given a $60.00 Price Target at Piper Jaffray Companies

Piper Jaffray Companies set a $60.00 price target on Simmons First National Corporation (NASDAQ:SFNC) in a research note issued to investors on Thursday. The firm currently has a hold rating on the bank’s stock.

A number of other equities analysts also recently commented on SFNC. Stephens upgraded Simmons First National Corporation from an equal weight rating to a buy rating and upped their target price for the company from $60.00 to $64.00 in a report on Friday, July 21st. Zacks Investment Research upgraded Simmons First National Corporation from a hold rating to a buy rating and set a $60.00 price objective for the company in a report on Wednesday, July 26th. BidaskClub downgraded Simmons First National Corporation from a hold rating to a sell rating in a report on Thursday, August 24th. Finally, Sandler O’Neill reiterated a hold rating and issued a $62.00 price objective on shares of Simmons First National Corporation in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Simmons First National Corporation presently has a consensus rating of Hold and an average price target of $62.40.

Simmons First National Corporation (NASDAQ:SFNC) opened at $55.00 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $2,528.35, a P/E ratio of 16.57 and a beta of 1.16. Simmons First National Corporation has a twelve month low of $49.75 and a twelve month high of $67.00.

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In other news, EVP Barry K. Ledbetter sold 1,900 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $57.37, for a total value of $109,003.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Russell William Teubner sold 4,334 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $55.69, for a total value of $241,360.46. Following the completion of the sale, the director now directly owns 705 shares in the company, valued at $39,261.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,289 shares of company stock valued at $9,889,418. 4.63% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its stake in shares of Simmons First National Corporation by 63.9% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the bank’s stock worth $113,000 after acquiring an additional 831 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Simmons First National Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,182 shares of the bank’s stock worth $168,000 after acquiring an additional 476 shares during the last quarter. Amalgamated Bank grew its stake in shares of Simmons First National Corporation by 3.8% in the second quarter. Amalgamated Bank now owns 4,122 shares of the bank’s stock worth $218,000 after acquiring an additional 151 shares during the last quarter. Ifrah Financial Services Inc. purchased a new stake in shares of Simmons First National Corporation in the third quarter worth $246,000. Finally, Aperio Group LLC purchased a new stake in shares of Simmons First National Corporation in the second quarter worth $234,000. 51.33% of the stock is currently owned by hedge funds and other institutional investors.

About Simmons First National Corporation

Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri, Tennessee, Colorado, Oklahoma and Texas.

Analyst Recommendations for Simmons First National Corporation (NASDAQ:SFNC)

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