Simmons First National (SFNC) to Release Quarterly Earnings on Tuesday

Simmons First National (NASDAQ:SFNC) is expected to announce its earnings results after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.36 per share and revenue of $208,673.17 billion for the quarter.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Simmons First National had a return on equity of 5.15% and a net margin of 8.94%. The firm had revenue of $203.20 million for the quarter, compared to analysts’ expectations of $204.91 million. During the same quarter last year, the firm posted $0.39 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. 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 traded up $0.36 during midday trading on Wednesday, hitting $22.43. 504,915 shares of the company’s stock were exchanged, compared to its average volume of 601,735. The business’s fifty day moving average price is $23.42 and its two-hundred day moving average price is $21.83. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 21.99 and a beta of 0.87. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. Simmons First National has a 12-month low of $16.03 and a 12-month high of $25.95.

Simmons First National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.74%. Simmons First National’s dividend payout ratio is presently 82.35%.

Analysts Set New Price Targets

SFNC has been the subject of a number of research analyst reports. StockNews.com raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Stephens raised Simmons First National from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $27.00 to $28.00 in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Simmons First National has a consensus rating of “Hold” and an average target price of $23.00.

Insider Activity

In related news, CAO David W. Garner sold 5,090 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $25.25, for a total transaction of $128,522.50. Following the completion of the sale, the chief accounting officer now directly owns 64,966 shares in the company, valued at $1,640,391.50. This represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert A. Fehlman sold 15,270 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $24.02, for a total value of $366,785.40. Following the completion of the sale, the chief executive officer now owns 156,357 shares of the company’s stock, valued at $3,755,695.14. The trade was a 8.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,800 shares of company stock valued at $1,136,650. Corporate insiders own 1.91% of the company’s stock.

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.