What’s Propelling Simmons First National Corporation (SFNC) to Reach 52-Week High?

May 17, 2018 - By John Moody

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.
The Minnesota-based Us Financial Bank De has invested 0% in Simmons First National Corporation (NASDAQ:SFNC). Ubs Asset Mgmt Americas has 0% invested in Simmons First National Corporation (NASDAQ:SFNC) for 24,418 shares. Moreover, Fincl Counselors has 0.01% invested in Simmons First National Corporation (NASDAQ:SFNC). Patten And Patten Inc Tn owns 8,667 shares for 0.05% of their portfolio. Dalton Greiner Hartman Maher accumulated 13,667 shares. Gemmer Asset Mgmt Lc has 69 shares. Delta Asset Ltd Liability Corporation Tn stated it has 0% in Simmons First National Corporation (NASDAQ:SFNC). Credit Suisse Ag reported 33,509 shares stake. Voya Inv Management Limited, a Georgia-based fund reported 348,751 shares. 24,330 were reported by Thrivent Finance For Lutherans. Meridian Mgmt, a Arkansas-based fund reported 5,143 shares. Wells Fargo And Mn reported 51,694 shares. Schwab Charles Invest reported 0.01% in Simmons First National Corporation (NASDAQ:SFNC). Metropolitan Life Insurance Ny reported 0.01% stake. Creative Planning owns 0% invested in Simmons First National Corporation (NASDAQ:SFNC) for 13,069 shares.

Since January 25, 2018, it had 1 insider purchase, and 14 selling transactions for $12.59 million activity. Casteel Marty also sold $196,766 worth of Simmons First National Corporation (NASDAQ:SFNC) on Friday, April 27. Bryant Vernon Wilson Jr. had sold 50,000 shares worth $1.52 million. The insider BURCHFIELD JAY D sold $599,200. Garner David W sold $42,090 worth of Simmons First National Corporation (NASDAQ:SFNC) on Friday, April 27. Shares for $252,617 were sold by Wade Steven C. On Thursday, January 25 MAKRIS GEORGE JR bought $145,250 worth of Simmons First National Corporation (NASDAQ:SFNC) or 2,500 shares.

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 EPS, up 38.10 % or $0.16 from last year’s $0.42 per share. SFNC’s profit will be $53.50M for 13.49 P/E if the $0.58 EPS becomes a reality. After $0.57 actual EPS 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. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock has “Hold” rating by Sandler O’Neill on Thursday, January 4. The stock has “Buy” rating by Stephens on Tuesday, January 23. Sandler O’Neill maintained Simmons First National Corporation (NASDAQ:SFNC) rating on Tuesday, April 24. Sandler O’Neill has “Buy” rating and $34.5000 target. Sandler O’Neill upgraded Simmons First National Corporation (NASDAQ:SFNC) on Wednesday, January 24 to “Buy” rating. The rating was maintained by Stephens on Friday, February 9 with “Buy”. The stock has “Hold” rating by Piper Jaffray on Tuesday, April 24. Keefe Bruyette & Woods maintained Simmons First National Corporation (NASDAQ:SFNC) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $70.0 target.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: