Equities research analysts forecast that Simmons First National Co. (NASDAQ:SFNC) will announce $177.84 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Simmons First National’s earnings, with the lowest sales estimate coming in at $175.60 million and the highest estimate coming in at $180.08 million. Simmons First National posted sales of $163.55 million during the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The firm is expected to issue its next earnings results after the market closes on Tuesday, January 22nd.
On average, analysts expect that Simmons First National will report full year sales of $703.82 million for the current fiscal year, with estimates ranging from $699.70 million to $707.93 million. For the next fiscal year, analysts forecast that the firm will post sales of $749.24 million, with estimates ranging from $733.58 million to $764.90 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Simmons First National.
Simmons First National (NASDAQ:SFNC) last announced its earnings results on Monday, October 22nd. The bank reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $176.69 million during the quarter, compared to analysts’ expectations of $175.20 million. Simmons First National had a return on equity of 9.66% and a net margin of 22.55%.
In other Simmons First National news, EVP Patrick A. Burrow acquired 1,500 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average cost of $27.65 per share, for a total transaction of $41,475.00. Following the completion of the transaction, the executive vice president now owns 31,829 shares of the company’s stock, valued at approximately $880,071.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.76% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Paloma Partners Management Co purchased a new position in shares of Simmons First National during the third quarter worth $206,000. Capital Fund Management S.A. purchased a new position in shares of Simmons First National during the second quarter worth $227,000. Jane Street Group LLC purchased a new position in shares of Simmons First National during the second quarter worth $256,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Simmons First National during the second quarter worth $305,000. Finally, OppenheimerFunds Inc. boosted its position in shares of Simmons First National by 17.5% during the second quarter. OppenheimerFunds Inc. now owns 12,492 shares of the bank’s stock worth $374,000 after buying an additional 1,864 shares during the period. Institutional investors own 27.85% of the company’s stock.
Shares of SFNC stock traded up $0.06 during trading hours on Friday, reaching $25.54. The company had a trading volume of 337,400 shares, compared to its average volume of 310,112. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $2.37 billion, a PE ratio of 14.90 and a beta of 1.16. Simmons First National has a 12-month low of $22.64 and a 12-month high of $33.45.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 4th. Investors of record on Friday, December 14th were given a $0.15 dividend. The ex-dividend date was Thursday, December 13th. This represents a $0.60 annualized dividend and a yield of 2.35%. Simmons First National’s payout ratio is 35.09%.
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.
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