Equities research analysts predict that Simmons First National Co. (NASDAQ:SFNC) will report $212.85 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Simmons First National’s earnings, with the highest sales estimate coming in at $213.90 million and the lowest estimate coming in at $211.80 million. Simmons First National reported sales of $170.79 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.6%. The business is expected to issue its next earnings results on Monday, April 27th.
According to Zacks, analysts expect that Simmons First National will report full year sales of $861.40 million for the current year, with estimates ranging from $858.10 million to $865.10 million. For the next fiscal year, analysts forecast that the business will post sales of $883.13 million, with estimates ranging from $877.90 million to $892.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Simmons First National.
Simmons First National (NASDAQ:SFNC) last released its earnings results on Thursday, January 23rd. The bank reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The company had revenue of $212.70 million during the quarter, compared to analysts’ expectations of $205.30 million. Simmons First National had a return on equity of 10.48% and a net margin of 24.10%. During the same period last year, the firm earned $0.61 EPS.
Several research analysts have recently issued reports on the company. Piper Sandler lowered Simmons First National from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $29.50 to $27.00 in a research report on Thursday, January 23rd. BidaskClub lowered Simmons First National from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 23rd. DA Davidson raised their price target on Simmons First National to $33.00 and gave the stock a “buy” rating in a research report on Thursday, December 26th. Zacks Investment Research upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Stephens lowered Simmons First National from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $29.00 to $27.00 in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.33.
Shares of NASDAQ SFNC traded up $0.36 during midday trading on Monday, hitting $24.34. The stock had a trading volume of 469,881 shares, compared to its average volume of 472,965. The company’s 50-day simple moving average is $26.07 and its 200 day simple moving average is $25.13. The firm has a market cap of $2.32 billion, a P/E ratio of 10.06 and a beta of 1.11. Simmons First National has a fifty-two week low of $22.08 and a fifty-two week high of $27.87. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.94.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, March 13th. This is a positive change from Simmons First National’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 2.79%. Simmons First National’s payout ratio is currently 23.44%.
In other Simmons First National news, EVP Paul D. Kanneman sold 1,013 shares of Simmons First National stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $25.06, for a total transaction of $25,385.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.02% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. CFM Wealth Partners LLC bought a new position in Simmons First National during the fourth quarter worth about $31,000. Versant Capital Management Inc lifted its holdings in Simmons First National by 134.1% during the third quarter. Versant Capital Management Inc now owns 1,971 shares of the bank’s stock worth $49,000 after acquiring an additional 1,129 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Simmons First National during the first quarter worth about $59,000. Rowland & Co. Investment Counsel ADV bought a new position in Simmons First National during the fourth quarter worth about $100,000. Finally, Parkside Financial Bank & Trust bought a new position in Simmons First National during the third quarter worth about $110,000. Hedge funds and other institutional investors own 20.90% of the company’s stock.
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.
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