In a report released yesterday, Matt Olney from Stephens maintained a Buy rating on Simmons 1st Nat’l (NASDAQ: SFNC), with a price target of $34. The company’s shares closed yesterday at $25.64, close to its 52-week low of $25.40.
According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.0% and a 41.5% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Western Financial Inc, and First Financial Bankshares.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Simmons 1st Nat’l with a $33.67 average price target, which is a 31.3% upside from current levels. In a report issued on October 16, Robert W. Baird also initiated coverage with a Buy rating on the stock with a $34 price target.
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Simmons 1st Nat’l’s market cap is currently $2.37B and has a P/E ratio of 12.76. The company has a Price to Book ratio of 1.10.
Based on the recent corporate insider activity of 182 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
