Simmons First National Corp. (NASDAQ:SFNC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “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. “

A number of other brokerages have also weighed in on SFNC. Sandler O’Neill lowered shares of Simmons First National Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, November 22nd. Keefe, Bruyette & Woods lowered shares of Simmons First National Corp. from an “outperform” rating to a “market perform” rating and set a $51.00 price objective on the stock. in a report on Wednesday, October 26th.

Shares of Simmons First National Corp. (NASDAQ:SFNC) opened at 60.45 on Tuesday. The firm has a 50-day moving average of $52.75 and a 200 day moving average of $48.89. Simmons First National Corp. has a 12-month low of $38.30 and a 12-month high of $60.60. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 19.72 and a beta of 0.90.

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A number of large investors have recently made changes to their positions in SFNC. BlackRock Fund Advisors raised its stake in shares of Simmons First National Corp. by 9.2% in the third quarter. BlackRock Fund Advisors now owns 1,986,308 shares of the company’s stock valued at $99,117,000 after buying an additional 166,795 shares in the last quarter. Investment Counselors of Maryland LLC bought a new stake in shares of Simmons First National Corp. during the third quarter valued at approximately $7,786,000. Vanguard Group Inc. raised its stake in shares of Simmons First National Corp. by 5.1% in the second quarter. Vanguard Group Inc. now owns 1,751,063 shares of the company’s stock valued at $80,874,000 after buying an additional 84,707 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Simmons First National Corp. by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,118,362 shares of the company’s stock valued at $51,650,000 after buying an additional 61,071 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in shares of Simmons First National Corp. by 116.2% in the third quarter. Commonwealth Equity Services Inc now owns 86,194 shares of the company’s stock valued at $4,301,000 after buying an additional 46,322 shares in the last quarter. Hedge funds and other institutional investors own 23.92% of the company’s stock.

About Simmons First National Corp.

Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), 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.

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