Piper Jaffray analyst Brett Rabatin reiterated a Hold rating on Simmons 1st Nat’l (SFNC) yesterday and set a price target of $32.50. The company’s shares opened today at $27.85.
According to TipRanks.com, Rabatin is a 4-star analyst with an average return of 4.8% and a 46.3% success rate. Rabatin covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Financial Bankshares, and First Bancorp Puerto Rico.
Currently, the analyst consensus on Simmons 1st Nat’l is a Moderate Buy with an average price target of $33.50, representing a 20.3% upside. In a report issued on November 15, KBW also reiterated a Hold rating on the stock with a $36 price target.
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The company has a one-year high of $33.45 and a one-year low of $24.58. Currently, Simmons 1st Nat’l has an average volume of 368.6K.
Based on the recent corporate insider activity of 176 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SFNC in relation to earlier this year.
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Simmons First National Corp. is a holding company, which engages in the provision of full range of banking services to individual and corporate customers through its subsidiaries. Its subsidiaries, Simmons Bank and Bank SNB conducts banking operations through financial centers located in communities throughout Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas. The comapany was founded in 1903 and is headquartered in Pine Bluff, AR.
