$0.58 EPS Expected for Simmons First National Co. (SFNC) This Quarter

Wall Street brokerages expect Simmons First National Co. (NASDAQ:SFNC) to announce earnings per share of $0.58 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Simmons First National’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.57. Simmons First National posted earnings per share of $0.43 during the same quarter last year, which would suggest a positive year over year growth rate of 34.9%. The firm is scheduled to report its next earnings results after the market closes on Monday, October 22nd.

On average, analysts expect that Simmons First National will report full year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.35. For the next year, analysts expect that the business will post earnings of $2.53 per share, with EPS estimates ranging from $2.50 to $2.55. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Simmons First National.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Monday, July 23rd. The bank reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Simmons First National had a net margin of 21.66% and a return on equity of 9.32%. The firm had revenue of $174.89 million for the quarter, compared to the consensus estimate of $174.75 million.

Several equities research analysts recently issued reports on the stock. Sandler O’Neill downgraded shares of Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research note on Wednesday, July 25th. BidaskClub downgraded shares of Simmons First National from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Zacks Investment Research downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Finally, ValuEngine downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock has a consensus rating of “Sell” and an average target price of $33.00.

Simmons First National stock traded down $0.81 during midday trading on Friday, hitting $27.45. 497,112 shares of the stock were exchanged, compared to its average volume of 387,941. Simmons First National has a 1 year low of $26.73 and a 1 year high of $33.45. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 16.05 and a beta of 0.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.02 and a quick ratio of 1.01.

The company also recently declared a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Friday, September 14th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, September 13th. Simmons First National’s dividend payout ratio (DPR) is 35.09%.

In related news, Director Russell William Teubner sold 2,928 shares of Simmons First National stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $30.25, for a total transaction of $88,572.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.76% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFNC. SG Americas Securities LLC bought a new stake in shares of Simmons First National in the 1st quarter worth about $155,000. LPL Financial LLC bought a new stake in shares of Simmons First National in the 1st quarter worth about $217,000. Diversified Trust Co increased its position in shares of Simmons First National by 77.0% in the 1st quarter. Diversified Trust Co now owns 7,938 shares of the bank’s stock worth $226,000 after purchasing an additional 3,452 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of Simmons First National in the 2nd quarter worth about $227,000. Finally, Jane Street Group LLC bought a new stake in shares of Simmons First National in the 2nd quarter worth about $256,000. 30.02% of the stock is owned by institutional investors.

About Simmons First National

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.

Featured Story: What is intrinsic value?

Get a free copy of the Zacks research report on Simmons First National (SFNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Simmons First National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simmons First National and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply