Simmons First National Corp (NASDAQ:SFNC) price on Friday, June 13, fall -3.42% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $18.34.
A look at the stock’s price movement, the close in the last trading session was $18.99. The PE ratio in trailing twelve months stood at 15.82. Turning to its 52-week performance, $25.95 and $16.03 were the 52-week high and 52-week low respectively. Overall, SFNC moved -8.21% over the past month.
Simmons First National Corp’s market cap currently stands at around $2.31 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 0.84, with its dividend yield at 4.61%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 217.21M for the company’s revenue for the quarter, with a low and high estimate of 213.2M and 220.5M respectively. The average forecast suggests up to a 10.14% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 878.62M, representing a 13.28% jump on that reported in the last financial year.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend SFNC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SFNC’s current price about -3.43% and -2.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.96, while 7-day volatility ratio is 2.07% and 1.64% in the 30-day chart. Further, Simmons First National Corp (SFNC) has a beta value of 0.95, and an average true range (ATR) of 0.48. Analysts have given the company’s stock an average 52-week price target of $22.5, forecast between a low of $20 and high of $28. Looking at the price targets, the low is -9.05% off current price level while to achieve the yearly target high, price needs to move -52.67%. Nonetheless, investors will most likely welcome a -22.68% jump to $22.5 which is the analysts’ median price.
If we refocus on Simmons First National Corp (NASDAQ:SFNC), historical trading data shows that trading volumes averaged 634.19K over the past 3 months. The company’s latest data on shares outstanding shows there are 125.93 million shares.
The 1.81% of Simmons First National Corp’s shares are in the hands of company insiders while institutional holders own 73.06% of the company’s shares. Current price change has pushed the stock -17.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SFNC stock continues to rise going into the next quarter.
