KBW Issues a Hold Rating on Simmons 1st Nat’l

By Austin Angelo

In a report released today, Melissa Roberts from KBW reiterated a Hold rating on Simmons 1st Nat’l (NASDAQ: SFNC), with a price target of $61. The company’s shares opened today at $52.30.

According to TipRanks.com, Roberts is a 3-star analyst with an average return of 3.1% and a 64.5% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

Simmons 1st Nat’l has an analyst consensus of Hold.

Based on Simmons 1st Nat’l’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $108 million and quarterly net profit of $22.12 million. In comparison, last year the company earned revenue of $105 million and had a net profit of $23.51 million.

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2017, Steven C. Wade, the EVP & CCO of SFNC sold 3,250 shares for a total of $197,103.

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Simmons First National Corp. operates as a bank holding company. The company’s services include consumer, real estate & commercial loans, checking, savings & time deposits, trust & investment management services and securities & investment services. Simmons First National was founded in 1903 and is headquartered in Pine Bluff, AR.