Wall Street analysts expect Simmons First National Co. (NASDAQ:SFNC) to post $0.58 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Simmons First National’s earnings, with estimates ranging from $0.57 to $0.58. Simmons First National reported earnings per share of $0.43 in the same quarter last year, which indicates a positive year over year growth rate of 34.9%. The company is scheduled to report its next earnings results after the market closes on Monday, October 22nd.
According to Zacks, analysts expect that Simmons First National will report full year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.30 to $2.35. For the next financial year, analysts forecast that the company will post earnings of $2.53 per share, with EPS estimates ranging from $2.50 to $2.55. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Simmons First National.
Simmons First National (NASDAQ:SFNC) last issued its earnings results on Monday, July 23rd. The bank reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The company had revenue of $174.89 million during the quarter, compared to analyst estimates of $174.75 million. Simmons First National had a net margin of 21.66% and a return on equity of 9.32%.
Several equities research analysts recently issued reports on SFNC shares. BidaskClub raised shares of Simmons First National from a “hold” rating to a “buy” rating in a research note on Thursday, August 16th. Zacks Investment Research raised shares of Simmons First National from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Friday, July 27th. Sandler O’Neill lowered shares of Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research note on Wednesday, July 25th. Finally, ValuEngine lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and an average target price of $33.00.
In related news, Director Russell William Teubner sold 2,072 shares of Simmons First National stock in a transaction on Monday, July 30th. The shares were sold at an average price of $30.12, for a total value of $62,408.64. Following the transaction, the director now owns 1,498 shares in the company, valued at approximately $45,119.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.76% of the company’s stock.
Several large investors have recently bought and sold shares of SFNC. BlackRock Inc. increased its holdings in shares of Simmons First National by 102.2% during the 1st quarter. BlackRock Inc. now owns 10,559,267 shares of the bank’s stock worth $300,411,000 after purchasing an additional 5,336,529 shares during the period. Northern Trust Corp increased its holdings in shares of Simmons First National by 115.0% during the 1st quarter. Northern Trust Corp now owns 1,376,605 shares of the bank’s stock worth $39,164,000 after purchasing an additional 736,188 shares during the period. Rothschild Asset Management Inc. increased its holdings in shares of Simmons First National by 128.5% during the 2nd quarter. Rothschild Asset Management Inc. now owns 1,086,118 shares of the bank’s stock worth $32,475,000 after purchasing an additional 610,825 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Simmons First National by 100.1% during the 1st quarter. Allianz Asset Management GmbH now owns 996,800 shares of the bank’s stock worth $28,359,000 after purchasing an additional 498,600 shares during the period. Finally, Citadel Advisors LLC increased its holdings in shares of Simmons First National by 2,637.3% during the 2nd quarter. Citadel Advisors LLC now owns 326,042 shares of the bank’s stock worth $9,749,000 after purchasing an additional 314,131 shares during the period. Institutional investors own 30.02% of the company’s stock.
Shares of NASDAQ:SFNC opened at $29.41 on Friday. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 17.20 and a beta of 0.99. Simmons First National has a 12-month low of $27.08 and a 12-month high of $33.45. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.02 and a quick ratio of 1.01.
The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Friday, September 14th were issued a $0.15 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.60 annualized dividend and a yield of 2.04%. Simmons First National’s dividend payout ratio (DPR) is presently 35.09%.
Simmons First National Company Profile
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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