What Will Happen to Simmons First National Corporation (SFNC) Next? The Stock Just Reaches 52-Week High

May 17, 2018 - By James Guidry

Simmons First National Corporation (NASDAQ:SFNC) Logo

Investors sentiment increased to 3.18 in 2017 Q4. Its up 0.73, from 2.45 in 2017Q3. It improved, as 11 investors sold Simmons First National Corporation shares while 22 reduced holdings. 28 funds opened positions while 77 raised stakes. 48.51 million shares or 164.33% more from 18.35 million shares in 2017Q3 were reported.
Thrivent Financial For Lutherans holds 24,330 shares. Horrell Capital Mgmt Incorporated stated it has 28,641 shares. Hsbc Hldgs Public Limited Company owns 40,715 shares or 0% of their US portfolio. Maltese Mngmt holds 0.26% or 60,017 shares. 681 were accumulated by Pnc Financial Serv Grp Incorporated. Moreover, Alphaone Inv Service Ltd Liability Com has 0.01% invested in Simmons First National Corporation (NASDAQ:SFNC). Diversified Tru holds 0.02% or 4,486 shares. Texas-based King Luther Capital has invested 0.32% in Simmons First National Corporation (NASDAQ:SFNC). Connors Investor Svcs holds 47,668 shares or 0.39% of its portfolio. Jefferies Grp Lc has 0% invested in Simmons First National Corporation (NASDAQ:SFNC) for 6,100 shares. Stevens Mngmt Lp has invested 0.01% of its portfolio in Simmons First National Corporation (NASDAQ:SFNC). Parametric Port Lc holds 64,895 shares or 0% of its portfolio. D Scott Neal Inc accumulated 623 shares or 0.02% of the stock. State Board Of Administration Of Florida Retirement System owns 24,843 shares. Dimensional Fund Advisors Ltd Partnership owns 2.34 million shares or 0.06% of their US portfolio.

Since January 25, 2018, it had 1 insider buy, and 14 insider sales for $12.59 million activity. Shares for $1.52 million were sold by Bryant Vernon Wilson Jr.. On Friday, April 27 Casteel Marty sold $196,766 worth of Simmons First National Corporation (NASDAQ:SFNC) or 6,445 shares. On Friday, April 27 Garner David W sold $42,090 worth of Simmons First National Corporation (NASDAQ:SFNC) or 1,380 shares. The insider FUNKE MARK W sold $454,050. $252,617 worth of Simmons First National Corporation (NASDAQ:SFNC) shares were sold by Wade Steven C. MAKRIS GEORGE JR had bought 2,500 shares worth $145,250.

The stock of Simmons First National Corporation (NASDAQ:SFNC) hit a new 52-week high and has $32.85 target or 5.00 % above today’s $31.29 share price. The 7 months bullish chart indicates low risk for the $2.89B company. The 1-year high was reported on May, 17 by Barchart.com. If the $32.85 price target is reached, the company will be worth $144.30 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.60% or $0.187 during the last trading session, reaching $31.287. About 274,416 shares traded. Simmons First National Corporation (NASDAQ:SFNC) has risen 3.60% since May 17, 2017 and is uptrending. It has underperformed by 7.95% the S&P500.

Analysts await Simmons First National Corporation (NASDAQ:SFNC) to report earnings on July, 18. They expect $0.58 earnings per share, up 38.10 % or $0.16 from last year’s $0.42 per share. SFNC’s profit will be $53.50 million for 13.49 P/E if the $0.58 EPS becomes a reality. After $0.57 actual earnings per share reported by Simmons First National Corporation for the previous quarter, Wall Street now forecasts 1.75 % EPS growth.

Simmons First National Corporation (NASDAQ:SFNC) Ratings Coverage

Among 4 analysts covering Simmons 1st Nat’l (NASDAQ:SFNC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Simmons 1st Nat’l had 8 analyst reports since December 21, 2017 according to SRatingsIntel. Sandler O’Neill maintained it with “Hold” rating and $63.0 target in Thursday, January 4 report. The stock of Simmons First National Corporation (NASDAQ:SFNC) has “Buy” rating given on Tuesday, April 24 by Sandler O’Neill. As per Tuesday, April 24, the company rating was maintained by Piper Jaffray. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, February 26. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. As per Friday, February 9, the company rating was maintained by Stephens. The firm has “Buy” rating by Stephens given on Tuesday, January 23. Sandler O’Neill upgraded the stock to “Buy” rating in Wednesday, January 24 report.

More recent Simmons First National Corporation (NASDAQ:SFNC) news were published by: Nasdaq.com which released: “Simmons First National Corporation Names Executive Vice President and Chief Administrative Officer Steve Massanelli …” on May 02, 2018. Also Globenewswire.com published the news titled: “Simmons Reports Record Earnings for First Quarter 2018” on April 23, 2018. Seekingalpha.com‘s news article titled: “Simmons First National’s (SFNC) CEO George Makris on Q1 2018 – Earnings Call Transcript” with publication date: April 25, 2018 was also an interesting one.

Simmons First National Corporation operates as a bank holding firm for Simmons Bank that provides financial services to individuals and businesses. The company has market cap of $2.89 billion. The Company’s deposit products include time deposits, checking accounts, and savings accounts. It has a 23.52 P/E ratio. The firm provides commercial loans, commercial real estate loans, and agricultural loans to businesses; and consumer loans, student loans, credit card loans, and single-family residential real estate loans to individuals, as well as equipment and SBA lending.

Simmons First National Corporation (NASDAQ:SFNC) Institutional Positions Chart

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