Wall Street analysts predict that Simmons First National Co. (NASDAQ:SFNC) will report earnings of $0.61 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Simmons First National’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.63. Simmons First National posted earnings per share of $0.59 in the same quarter last year, which would indicate a positive year over year growth rate of 3.4%. The firm is scheduled to issue its next quarterly earnings report on Monday, July 22nd.
On average, analysts expect that Simmons First National will report full year earnings of $2.39 per share for the current year, with EPS estimates ranging from $2.32 to $2.44. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.50 per share, with EPS estimates ranging from $2.38 to $2.58. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Simmons First National.
Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Monday, April 22nd. The bank reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). Simmons First National had a net margin of 25.17% and a return on equity of 9.76%. The company had revenue of $170.79 million for the quarter, compared to analysts’ expectations of $171.00 million.
Several analysts recently weighed in on the company. BidaskClub upgraded Simmons First National from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. Robert W. Baird assumed coverage on Simmons First National in a report on Wednesday, April 10th. They set a “hold” rating and a $27.00 price target on the stock. DA Davidson assumed coverage on Simmons First National in a report on Friday, March 15th. They set a “buy” rating and a $31.00 price target on the stock. Zacks Investment Research upgraded Simmons First National from a “sell” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday, April 10th. Finally, ValuEngine lowered Simmons First National from a “sell” rating to a “strong sell” rating in a report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.20.
In other Simmons First National news, EVP Patrick A. Burrow acquired 1,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average price of $25.30 per share, with a total value of $25,300.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Makris, Jr. acquired 5,000 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was acquired at an average cost of $24.39 per share, for a total transaction of $121,950.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,000 shares of company stock worth $171,860 in the last 90 days. 2.02% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Simmons First National by 3.0% during the 4th quarter. BlackRock Inc. now owns 13,561,463 shares of the bank’s stock worth $327,238,000 after buying an additional 391,028 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Simmons First National by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,575,079 shares of the bank’s stock worth $136,479,000 after buying an additional 221,458 shares in the last quarter. King Luther Capital Management Corp grew its position in shares of Simmons First National by 2.3% during the 4th quarter. King Luther Capital Management Corp now owns 1,328,483 shares of the bank’s stock worth $32,056,000 after buying an additional 30,342 shares in the last quarter. Northern Trust Corp grew its position in shares of Simmons First National by 1.0% during the 1st quarter. Northern Trust Corp now owns 1,256,517 shares of the bank’s stock worth $30,760,000 after buying an additional 12,409 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Simmons First National by 1.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,215,731 shares of the bank’s stock worth $29,335,000 after buying an additional 18,618 shares in the last quarter. 20.92% of the stock is currently owned by institutional investors.
NASDAQ:SFNC opened at $23.45 on Tuesday. Simmons First National has a fifty-two week low of $22.64 and a fifty-two week high of $32.45. The firm has a market cap of $2.25 billion, a P/E ratio of 9.89 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.00 and a current ratio of 1.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.64 annualized dividend and a yield of 2.73%. Simmons First National’s payout ratio is presently 27.00%.
About Simmons First National
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
Further Reading: Equal Weight Rating
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