Simmons First National Co. (NASDAQ:SFNC) Expected to Post Earnings of $0.65 Per Share

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Equities research analysts expect Simmons First National Co. (NASDAQ:SFNC) to post earnings of $0.65 per share for the current quarter, according to Zacks. Three analysts have made estimates for Simmons First National’s earnings, with estimates ranging from $0.63 to $0.69. Simmons First National posted earnings of $0.61 per share in the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The business is expected to report its next earnings report on Monday, October 28th.

According to Zacks, analysts expect that Simmons First National will report full year earnings of $2.45 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.58. For the next year, analysts expect that the firm will report earnings of $2.57 per share, with EPS estimates ranging from $2.48 to $2.66. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Simmons First National.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. Simmons First National had a return on equity of 9.90% and a net margin of 24.55%. The company had revenue of $189.36 million for the quarter, compared to analysts’ expectations of $186.20 million.

A number of equities analysts recently issued reports on the company. BidaskClub upgraded Simmons First National from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Sandler O’Neill upgraded Simmons First National from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $30.00 in a report on Thursday, August 1st. Zacks Investment Research upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, September 10th. Finally, Stephens set a $30.00 target price on Simmons First National and gave the stock a “buy” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.80.

In related news, CEO George Makris, Jr. purchased 10,858 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $24.37 per share, with a total value of $264,609.46. Following the transaction, the chief executive officer now owns 377,243 shares of the company’s stock, valued at approximately $9,193,411.91. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.02% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atria Investments LLC purchased a new stake in Simmons First National in the 2nd quarter valued at $820,000. BlackRock Inc. raised its position in Simmons First National by 3.1% in the 2nd quarter. BlackRock Inc. now owns 13,971,730 shares of the bank’s stock valued at $324,983,000 after buying an additional 423,940 shares during the last quarter. Royal Bank of Canada raised its position in Simmons First National by 204.7% in the 2nd quarter. Royal Bank of Canada now owns 43,602 shares of the bank’s stock valued at $1,015,000 after buying an additional 29,292 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Simmons First National by 3.9% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 65,901 shares of the bank’s stock valued at $11,468,000 after purchasing an additional 2,447 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Simmons First National during the 2nd quarter valued at $1,338,000. 20.39% of the stock is owned by institutional investors and hedge funds.

Shares of SFNC opened at $25.65 on Tuesday. Simmons First National has a 12-month low of $22.08 and a 12-month high of $32.10. The business’s fifty day moving average is $24.59 and its 200 day moving average is $24.50. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.47 billion, a P/E ratio of 10.82 and a beta of 1.09.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, September 13th. Simmons First National’s payout ratio is currently 27.00%.

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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Earnings History and Estimates for Simmons First National (NASDAQ:SFNC)

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