Analysts Expect Simmons First National Co. (NASDAQ:SFNC) Will Post Earnings of $0.24 Per Share

Equities research analysts predict that Simmons First National Co. (NASDAQ:SFNCGet Rating) will post $0.24 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Simmons First National’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.31. Simmons First National posted earnings per share of $0.69 in the same quarter last year, which would indicate a negative year-over-year growth rate of 65.2%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Simmons First National will report full year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $1.82 to $2.32. For the next financial year, analysts anticipate that the company will report earnings of $2.43 per share, with EPS estimates ranging from $2.32 to $2.52. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Simmons First National.

Simmons First National (NASDAQ:SFNCGet Rating) last released its quarterly earnings results on Thursday, April 28th. The bank reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. Simmons First National had a return on equity of 9.17% and a net margin of 31.68%. The company had revenue of $207.74 million during the quarter, compared to analysts’ expectations of $202.14 million. During the same quarter in the prior year, the firm posted $0.59 EPS. Simmons First National’s quarterly revenue was up 6.6% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Simmons First National in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Piper Sandler lowered shares of Simmons First National from a “neutral” rating to an “underweight” rating and set a $26.00 target price on the stock. in a research report on Monday. Finally, Zacks Investment Research cut shares of Simmons First National from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Shares of Simmons First National stock traded down $0.04 on Monday, reaching $24.90. The company’s stock had a trading volume of 30,205 shares, compared to its average volume of 761,864. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $2.80 billion, a P/E ratio of 10.23 and a beta of 0.79. The business has a 50-day simple moving average of $26.40. Simmons First National has a 52-week low of $22.89 and a 52-week high of $32.76.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Wednesday, June 15th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Tuesday, June 14th. Simmons First National’s payout ratio is 31.28%.

In other Simmons First National news, Director Marty Casteel acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was bought at an average price of $24.10 per share, with a total value of $96,400.00. Following the purchase, the director now owns 186,929 shares in the company, valued at $4,504,988.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert A. Fehlman bought 5,000 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The stock was acquired at an average cost of $24.00 per share, for a total transaction of $120,000.00. Following the completion of the purchase, the chief operating officer now directly owns 125,797 shares in the company, valued at $3,019,128. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 24,000 shares of company stock valued at $576,850. 1.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss National Bank grew its holdings in shares of Simmons First National by 13.6% in the first quarter. Swiss National Bank now owns 271,486 shares of the bank’s stock valued at $7,118,000 after purchasing an additional 32,600 shares during the period. Teacher Retirement System of Texas raised its stake in Simmons First National by 12.3% during the first quarter. Teacher Retirement System of Texas now owns 23,645 shares of the bank’s stock worth $620,000 after purchasing an additional 2,593 shares during the period. Qube Research & Technologies Ltd acquired a new position in Simmons First National in the 1st quarter valued at about $722,000. IndexIQ Advisors LLC grew its stake in shares of Simmons First National by 4.7% in the 1st quarter. IndexIQ Advisors LLC now owns 14,895 shares of the bank’s stock valued at $391,000 after buying an additional 662 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in shares of Simmons First National during the 1st quarter worth approximately $340,000. Institutional investors and hedge funds own 46.84% of the company’s stock.

About Simmons First National (Get Rating)

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. It offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary 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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