Simmons First National Corporation (SFNC)’s Trend Up, Especially After Today’s 52-Week High Milestone

May 17, 2018 - By Michael Lara

Simmons First National Corporation (NASDAQ:SFNC) Logo

Investors sentiment increased to 3.18 in Q4 2017. Its up 0.73, from 2.45 in 2017Q3. It is positive, 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.
Schwab Charles Inv Mngmt Inc has 193,300 shares for 0.01% of their portfolio. Riverhead Cap Limited Liability holds 0.01% or 3,570 shares in its portfolio. Ameriprise Fincl Incorporated invested 0.01% in Simmons First National Corporation (NASDAQ:SFNC). Principal Financial Group stated it has 298,087 shares or 0.02% of all its holdings. Victory Inc reported 4,483 shares. Voya Inv Mngmt Limited Liability owns 0.04% invested in Simmons First National Corporation (NASDAQ:SFNC) for 348,751 shares. Tiaa Cref Investment Mgmt Limited Company reported 101,092 shares. Teacher Retirement System Of Texas holds 0% or 12,913 shares in its portfolio. Dreman Value Mgmt L L C holds 608 shares or 0.02% of its portfolio. Parkside National Bank And owns 0% invested in Simmons First National Corporation (NASDAQ:SFNC) for 29 shares. Ameritas Investment Partners Inc reported 0.01% stake. Proshare Lc holds 7,339 shares or 0% of its portfolio. Citigroup accumulated 14,958 shares. Financial Bank Of Montreal Can reported 0% of its portfolio in Simmons First National Corporation (NASDAQ:SFNC). Barclays Public Limited invested in 17,560 shares.

Since January 25, 2018, it had 1 insider purchase, and 14 insider sales for $12.59 million activity. The insider FEHLMAN ROBERT A sold $653,275. $599,200 worth of Simmons First National Corporation (NASDAQ:SFNC) shares were sold by BURCHFIELD JAY D. FUNKE MARK W sold $454,050 worth of stock. The insider Wade Steven C sold 8,610 shares worth $252,617. Casteel Marty also sold $196,766 worth of Simmons First National Corporation (NASDAQ:SFNC) shares. Another trade for 1,380 shares valued at $42,090 was made by Garner David W on Friday, April 27.

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. The rating was maintained by Sandler O’Neill on Tuesday, April 24 with “Buy”. The rating was maintained by Stephens on Friday, February 9 with “Buy”. The company was upgraded on Wednesday, January 24 by Sandler O’Neill. The firm has “Hold” rating given on Tuesday, April 24 by Piper Jaffray. Stephens maintained it with “Buy” rating and $66.0 target in Tuesday, January 23 report. The stock of Simmons First National Corporation (NASDAQ:SFNC) has “Hold” rating given on Monday, February 26 by Keefe Bruyette & Woods. Sandler O’Neill maintained the shares of SFNC in report on Thursday, January 4 with “Hold” rating. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

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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