Wall Street brokerages forecast that Simmons First National Co. (NASDAQ:SFNC) will report earnings per share (EPS) of $0.61 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Simmons First National’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.62. Simmons First National reported earnings of $0.49 per share during the same quarter last year, which would suggest a positive year over year growth rate of 24.5%. The firm is scheduled to issue its next earnings report on Monday, January 28th.
According to Zacks, analysts expect that Simmons First National will report full year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.36 to $2.39. For the next financial year, analysts expect that the business will report earnings of $2.50 per share, with EPS estimates ranging from $2.43 to $2.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Simmons First National.
Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Monday, October 22nd. The bank reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Simmons First National had a net margin of 22.55% and a return on equity of 9.66%. The business had revenue of $176.69 million for the quarter, compared to analysts’ expectations of $175.20 million.
In other news, EVP Patrick A. Burrow bought 1,500 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average price of $27.65 per share, for a total transaction of $41,475.00. Following the completion of the acquisition, the executive vice president now owns 31,829 shares of the company’s stock, valued at $880,071.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.76% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Simmons First National by 15.9% in the second quarter. Victory Capital Management Inc. now owns 14,552 shares of the bank’s stock worth $435,000 after acquiring an additional 1,995 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Simmons First National in the second quarter worth $496,000. Sei Investments Co. lifted its stake in Simmons First National by 168.9% in the second quarter. Sei Investments Co. now owns 183,385 shares of the bank’s stock worth $5,483,000 after acquiring an additional 115,192 shares during the period. Rhumbline Advisers lifted its stake in Simmons First National by 3.8% in the second quarter. Rhumbline Advisers now owns 206,007 shares of the bank’s stock worth $6,160,000 after acquiring an additional 7,530 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Simmons First National by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 1,056,267 shares of the bank’s stock worth $31,581,000 after acquiring an additional 12,231 shares during the period. Hedge funds and other institutional investors own 27.87% of the company’s stock.
Shares of NASDAQ SFNC opened at $27.02 on Monday. Simmons First National has a one year low of $24.58 and a one year high of $33.45. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 15.80 and a beta of 1.02.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 13th. Simmons First National’s dividend payout ratio is 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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