Equities analysts expect that Simmons First National Co. (NASDAQ:SFNC – Get Rating) will announce $223.15 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Simmons First National’s earnings. The lowest sales estimate is $221.60 million and the highest is $224.70 million. Simmons First National reported sales of $194.46 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.8%. The company is expected to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Simmons First National will report full-year sales of $881.50 million for the current financial year, with estimates ranging from $875.20 million to $887.80 million. For the next financial year, analysts forecast that the firm will post sales of $985.95 million, with estimates ranging from $963.80 million to $1.01 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Simmons First National.
Simmons First National (NASDAQ:SFNC – Get Rating) last issued its earnings results on Thursday, April 28th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. Simmons First National had a net margin of 31.68% and a return on equity of 9.17%. The firm had revenue of $207.74 million for the quarter, compared to analysts’ expectations of $202.14 million. During the same quarter last year, the company posted $0.59 earnings per share. Simmons First National’s revenue was up 6.6% on a year-over-year basis.
SFNC opened at $24.18 on Wednesday. The company’s 50 day simple moving average is $26.25. The company has a market capitalization of $2.72 billion, a PE ratio of 9.95 and a beta of 0.79. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.69 and a current ratio of 0.69. Simmons First National has a twelve month low of $22.89 and a twelve month high of $32.76.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Wednesday, June 15th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $0.76 annualized dividend and a yield of 3.14%. Simmons First National’s dividend payout ratio (DPR) is presently 31.28%.
In related news, COO Robert A. Fehlman acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were bought at an average price of $24.00 per share, for a total transaction of $120,000.00. Following the acquisition, the chief operating officer now owns 125,797 shares in the company, valued at approximately $3,019,128. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Makris, Jr. acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were bought at an average price of $24.03 per share, for a total transaction of $360,450.00. Following the acquisition, the chief executive officer now owns 539,087 shares in the company, valued at approximately $12,954,260.61. The disclosure for this purchase can be found here. Insiders purchased a total of 24,000 shares of company stock worth $576,850 in the last quarter. Insiders own 1.80% of the company’s stock.
Several large investors have recently bought and sold shares of SFNC. TAP Consulting LLC bought a new position in shares of Simmons First National during the 4th quarter worth about $35,000. Marshall Wace North America L.P. bought a new position in shares of Simmons First National during the 1st quarter worth about $59,000. UMB Bank N A MO bought a new position in shares of Simmons First National during the 4th quarter worth about $75,000. Hardy Reed LLC bought a new position in shares of Simmons First National during the 1st quarter worth about $84,000. Finally, Strs Ohio increased its holdings in shares of Simmons First National by 10.0% during the 1st quarter. Strs Ohio now owns 4,400 shares of the bank’s stock worth $115,000 after purchasing an additional 400 shares during the period. Institutional investors 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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