Price Change to Note: Time to Reconsider Simmons First National Corporation After Reaching 52-Week High?

Price Change to Note: Time to Reconsider Simmons First National Corporation After Reaching 52 Week High?

The stock of Simmons First National Corporation (NASDAQ:SFNC) hit a new 52-week high and has $66.48 target or 9.00% above today’s $60.99 share price. The 7 months bullish chart indicates low risk for the $1.92B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $66.48 price target is reached, the company will be worth $172.80M 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. About 164,004 shares traded hands or 37.26% up from the average. Simmons First National Corporation (NASDAQ:SFNC) has risen 29.39% since April 28, 2016 and is uptrending. It has outperformed by 23.46% the S&P500.

Analysts await Simmons First National Corporation (NASDAQ:SFNC) to report earnings on January, 19. They expect $0.84 earnings per share, down 2.33% or $0.02 from last year’s $0.86 per share. SFNC’s profit will be $26.44M for 18.15 P/E if the $0.84 EPS becomes a reality. After $0.79 actual earnings per share reported by Simmons First National Corporation for the previous quarter, Wall Street now forecasts 6.33% EPS growth.

Simmons First National Corporation (NASDAQ:SFNC) Ratings Coverage

Out of 5 analysts covering Simmons First National (NASDAQ:SFNC), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Simmons First National has been the topic of 8 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The rating was downgraded by Sandler O’Neill on Tuesday, November 22 to “Sell”. The firm earned “Mkt Perform” rating on Friday, October 23 by Raymond James. The company was upgraded on Tuesday, August 25 by Zacks. The firm earned “Neutral” rating on Monday, September 21 by Piper Jaffray. The company was maintained on Wednesday, June 8 by Wood. Keefe Bruyette & Woods downgraded the stock to “Mkt Perform” rating in Wednesday, October 26 report.

According to Zacks Investment Research, “SIMMONS FIRST NATIONAL CORP bank holding company registered under the Bank Holding Act of 1956. Through its subsidiaries, Co. provides a full range of banking and mortgage services to individual and corporate customers.”

Insitutional Activity: The institutional sentiment increased to 1.63 in Q2 2016. Its up 0.34, from 1.29 in 2016Q1. The ratio improved, as 10 funds sold all Simmons First National Corporation shares owned while 32 reduced positions. 8 funds bought stakes while 46 increased positions. They now own 12.23 million shares or 2.44% more from 11.93 million shares in 2016Q1.
Td Asset Mgmt Inc accumulated 0% or 6,100 shares. Price T Rowe Associate Inc Md reported 525,890 shares or 0.01% of all its holdings. Moreover, Sector Pension Investment Board has 0.01% invested in Simmons First National Corporation (NASDAQ:SFNC) for 19,804 shares. Renaissance Techs Lc last reported 0.01% of its portfolio in the stock. Blackrock Inc accumulated 7,931 shares or 0% of the stock. Manufacturers Life The holds 20,046 shares or 0% of its portfolio. The Pennsylvania-based Vanguard Group Inc Inc Inc has invested 0.01% in Simmons First National Corporation (NASDAQ:SFNC). King Luther Cap Mngmt Corporation holds 142,215 shares or 0.06% of its portfolio. The Maryland-based Proshare Advisors Lc has invested 0% in Simmons First National Corporation (NASDAQ:SFNC). State Of Tennessee Treasury Department has 0.01% invested in the company for 22,789 shares. Teachers Retirement Systems Of The State Of Kentucky holds 0.01% or 9,000 shares in its portfolio. The Massachusetts-based Rhumbline Advisers has invested 0.01% in Simmons First National Corporation (NASDAQ:SFNC). Ameriprise Finance owns 162,444 shares or 0% of their US portfolio. Jpmorgan Chase & owns 82,749 shares or 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 644 shares in its portfolio.

More notable recent Simmons First National Corporation (NASDAQ:SFNC) news were published by: Reuters.com which released: “BRIEF-Simmons First National Corp says declared a regular $0.24 per share” on November 30, 2016, also Globenewswire.com with their article: “Simmons First National Corporation Announces Agreement to Acquire Hardeman …” published on November 18, 2016, Globenewswire.com published: “Simmons First National Corporation Completes Acquisition of Citizens National Bank” on September 09, 2016. More interesting news about Simmons First National Corporation (NASDAQ:SFNC) were released by: Seekingalpha.com and their article: “Simmons First National Corp’s (SFNC) CEO George Makris on Q3 2016 Results …” published on October 21, 2016 as well as Globenewswire.com‘s news article titled: “Simmons First National Corporation Announces Second Quarter Earnings Release …” with publication date: June 29, 2016.

SFNC Company Profile

Simmons First National Corporation, incorporated on October 22, 1968, is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), which is a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits. It also offers a range of services and products, including credit cards, trust services, investments, agricultural finance lending, equipment lending, insurance, consumer finance and small business administration (SBA) lending. The Firm conducts its banking activities through approximately 150 branches or financial centers, located in communities across Arkansas, Missouri, Tennessee and Kansas.

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