Simmons First National (SFNC) Set to Announce Earnings on Friday

Simmons First National (NASDAQ:SFNC) is set to post its quarterly earnings results before the market opens on Friday, October 18th. Analysts expect Simmons First National to post earnings of $0.33 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Simmons First National (NASDAQ:SFNC) last released its earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $372.44 million during the quarter, compared to the consensus estimate of $197.30 million. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. During the same quarter last year, the company earned $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 Price Performance

Shares of NASDAQ SFNC opened at $23.30 on Thursday. The company’s fifty day moving average is $20.99 and its two-hundred day moving average is $19.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $2.92 billion, a P/E ratio of 17.52 and a beta of 0.87. Simmons First National has a one year low of $13.36 and a one year high of $23.68.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Friday, September 13th. Simmons First National’s dividend payout ratio is currently 63.16%.

Insiders Place Their Bets

In related news, CAO David W. Garner sold 3,600 shares of Simmons First National stock in a transaction dated 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 sale, the chief accounting officer now owns 64,966 shares in the company, valued at approximately $1,377,928.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO David W. Garner sold 3,600 shares of the firm’s 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 sale, the chief accounting officer now owns 64,966 shares in the company, valued at approximately $1,377,928.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Fehlman sold 8,680 shares of Simmons First National stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $21.93, for a total transaction of $190,352.40. Following the completion of the sale, the chief executive officer now directly owns 156,357 shares of the company’s stock, valued at $3,428,909.01. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,700 shares of company stock valued at $728,952. Corporate insiders own 1.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SFNC shares. Piper Sandler boosted their price target on Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, July 26th. StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Keefe, Bruyette & Woods raised their price target on Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Finally, Stephens lifted their price target on 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. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $21.75.

About Simmons First National

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.