Simmons First National (SFNC) to Release Earnings on Friday

Simmons First National (NASDAQ:SFNC) is scheduled to be announcing its earnings results before the market opens on Friday, October 18th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Simmons First National had a net margin of 10.49% and a return on equity of 5.33%. The business had revenue of $372.44 million for the quarter, compared to analyst estimates of $197.30 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. On average, analysts expect Simmons First National to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Simmons First National Trading Up 1.7 %

NASDAQ:SFNC opened at $23.05 on Wednesday. Simmons First National has a one year low of $13.36 and a one year high of $23.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50-day simple moving average is $20.91 and its 200 day simple moving average is $19.18. The firm has a market capitalization of $2.89 billion, a P/E ratio of 17.33 and a beta of 0.87.

Simmons First National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Friday, September 13th. Simmons First National’s payout ratio is currently 63.16%.

Insider Activity at Simmons First National

In related news, CAO David W. Garner sold 3,600 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total transaction of $76,356.00. Following the transaction, the chief accounting officer now owns 64,966 shares in the company, valued at $1,377,928.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Simmons First National news, Chairman George Makris, Jr. sold 21,420 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $21.58, for a total value of $462,243.60. Following the transaction, the chairman now directly owns 608,347 shares in the company, valued at approximately $13,128,128.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David W. Garner sold 3,600 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total transaction of $76,356.00. Following the completion of the transaction, the chief accounting officer now owns 64,966 shares in the company, valued at $1,377,928.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,700 shares of company stock worth $728,952 over the last quarter. Company insiders own 1.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SFNC. Keefe, Bruyette & Woods upped their target price on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler upped their target price on shares of Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, July 26th. Stephens upped their target price on shares of Simmons First National from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, StockNews.com downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.75.

Simmons First National Company Profile

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. The company 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; treasury management; insurance products; and securities and investment services.