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

Simmons First National (NASDAQ:SFNC) is scheduled 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 that wish to listen to the company’s conference call can do so using this link.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $372.44 million for 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 period last year, the business posted $0.48 EPS. 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 Stock Up 1.1 %

NASDAQ SFNC opened at $23.30 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.50. Simmons First National has a fifty-two week low of $13.36 and a fifty-two week high of $23.68. The business has a 50 day moving average price of $20.99 and a two-hundred day moving average price of $19.20. The stock has a market cap of $2.92 billion, a PE ratio of 17.52 and a beta of 0.87.

Simmons First National Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SFNC. Stephens lifted their price target 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. StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. 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. Finally, Keefe, Bruyette & Woods raised their price objective on Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Simmons First National currently has a consensus rating of “Hold” and an average price target of $21.75.

Insiders Place Their Bets

In related news, CAO David W. Garner sold 3,600 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $21.21, for a total value of $76,356.00. Following the completion of the sale, the chief accounting officer now directly owns 64,966 shares of the company’s stock, valued at $1,377,928.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO David W. Garner sold 3,600 shares of Simmons First National stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total value of $76,356.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert A. Fehlman sold 8,680 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $21.93, for a total value of $190,352.40. Following the completion of the sale, the chief executive officer now owns 156,357 shares of the company’s stock, valued at $3,428,909.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,700 shares of company stock valued at $728,952 in the last ninety days. Corporate insiders own 1.91% of the company’s stock.

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.