Wall Street brokerages expect Simmons First National Co. (NASDAQ:SFNC) to announce sales of $174.80 million for the current quarter, Zacks reports. Two analysts have issued estimates for Simmons First National’s earnings, with the lowest sales estimate coming in at $174.60 million and the highest estimate coming in at $175.00 million. Simmons First National posted sales of $115.15 million during the same quarter last year, which suggests a positive year over year growth rate of 51.8%. The business is expected to report its next earnings report after the market closes on Monday, October 22nd.
On average, analysts expect that Simmons First National will report full-year sales of $700.60 million for the current financial year, with estimates ranging from $698.00 million to $703.20 million. For the next year, analysts expect that the company will post sales of $741.65 million, with estimates ranging from $741.00 million to $742.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Simmons First National.
Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Monday, July 23rd. The bank reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Simmons First National had a return on equity of 9.32% and a net margin of 21.66%. The firm had revenue of $174.89 million during the quarter, compared to analyst estimates of $174.75 million.
Several analysts have recently commented on the company. Sandler O’Neill lowered Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a report on Wednesday, July 25th. BidaskClub lowered Simmons First National from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Zacks Investment Research lowered Simmons First National from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Finally, ValuEngine lowered Simmons First National from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and a consensus target price of $33.00.
Shares of SFNC traded down $0.81 during midday trading on Monday, hitting $27.45. 497,112 shares of the company’s stock traded hands, 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 current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2.72 billion, a PE ratio of 16.05 and a beta of 0.99.
The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Friday, September 14th were paid a $0.15 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.19%. Simmons First National’s dividend payout ratio (DPR) is 35.09%.
In related news, Director Russell William Teubner sold 2,072 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $30.12, for a total value of $62,408.64. Following the completion of the transaction, the director now owns 1,498 shares in the company, valued at approximately $45,119.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.76% of the company’s stock.
A number of hedge funds have recently modified their holdings of SFNC. SG Americas Securities LLC purchased a new position in Simmons First National in the 1st quarter worth $155,000. LPL Financial LLC purchased a new position in Simmons First National in the 1st quarter worth $217,000. Diversified Trust Co raised its stake in 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 acquiring an additional 3,452 shares during the last quarter. Capital Fund Management S.A. purchased a new position in Simmons First National in the 2nd quarter worth $227,000. Finally, Jane Street Group LLC purchased a new position in Simmons First National in the 2nd quarter worth $256,000. Institutional investors own 30.02% of the company’s stock.
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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