Brokerages expect that Simmons First National Co. (NASDAQ:SFNC) will announce earnings of $0.60 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Simmons First National’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.59. Simmons First National posted earnings of $0.59 per share during the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, July 23rd.
On average, analysts expect that Simmons First National will report full year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.32 to $2.40. For the next year, analysts expect that the business will post earnings of $2.47 per share, with EPS estimates ranging from $2.38 to $2.58. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Simmons First National.
Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Monday, April 22nd. The bank reported $0.53 EPS for the quarter, missing the 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 firm had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.00 million.
Shares of NASDAQ SFNC traded up $0.26 during mid-day trading on Friday, reaching $23.68. 225,900 shares of the company traded hands, compared to its average volume of 418,624. Simmons First National has a fifty-two week low of $22.08 and a fifty-two week high of $32.45. 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 firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 9.99 and a beta of 1.05. The company has a fifty day moving average of $23.34.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Monday, June 17th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.70%. Simmons First National’s dividend payout ratio is presently 27.00%.
In related news, EVP Patrick A. Burrow acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $25.30 per share, for a total transaction of $25,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Makris, Jr. acquired 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were bought at an average price 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 7,000 shares of company stock worth $171,860 in the last quarter. Company insiders own 2.02% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Simmons First National during the fourth quarter valued at about $19,679,000. BlackRock Inc. increased its position in Simmons First National by 3.0% in the 4th quarter. BlackRock Inc. now owns 13,561,463 shares of the bank’s stock valued at $327,238,000 after acquiring an additional 391,028 shares during the period. Dimensional Fund Advisors LP increased its position in Simmons First National by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,353,621 shares of the bank’s stock worth $129,183,000 after purchasing an additional 227,228 shares during the period. Foresters Investment Management Company Inc. increased its position in Simmons First National by 31.5% during the 4th quarter. Foresters Investment Management Company Inc. now owns 353,600 shares of the bank’s stock worth $8,532,000 after purchasing an additional 84,800 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Simmons First National during the 4th quarter worth approximately $2,011,000. Institutional investors and hedge funds own 20.92% of the company’s stock.
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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