2/20/2019

Zacks: Analysts Anticipate Simmons First National Co. (SFNC) to Post $0.57 Earnings Per Share

Wall Street brokerages predict that Simmons First National Co. (NASDAQ:SFNC) will post earnings of $0.57 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Simmons First National’s earnings. Simmons First National also reported earnings of $0.57 per share in the same quarter last year. The firm is expected to issue its next earnings results on Monday, April 22nd.

According to Zacks, analysts expect that Simmons First National will report full year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.53. For the next fiscal year, analysts expect that the firm will post earnings of $2.68 per share, with EPS estimates ranging from $2.54 to $2.88. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Simmons First National.

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Simmons First National (NASDAQ:SFNC) last issued its earnings results on Tuesday, January 22nd. The bank reported $0.61 EPS for the quarter, meeting analysts’ consensus estimates of $0.61. Simmons First National had a return on equity of 10.14% and a net margin of 26.16%. The firm had revenue of $172.37 million for the quarter, compared to the consensus estimate of $177.84 million.

SFNC has been the topic of a number of recent research reports. Zacks Investment Research upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Friday, October 26th. BidaskClub upgraded Simmons First National from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Stephens set a $32.00 target price on Simmons First National and gave the company a “buy” rating in a research note on Friday, November 16th. Finally, ValuEngine upgraded Simmons First National from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.60.

Shares of NASDAQ SFNC opened at $26.98 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.76. Simmons First National has a one year low of $22.64 and a one year high of $33.45. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 11.38 and a beta of 1.06.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Thursday, March 14th. This is an increase from Simmons First National’s previous quarterly dividend of $0.15. Simmons First National’s dividend payout ratio is 25.32%.

In related news, CEO George Makris, Jr. purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 30th. The stock was bought at an average price of $24.85 per share, for a total transaction of $248,500.00. Following the purchase, the chief executive officer now owns 220,766 shares in the company, valued at approximately $5,486,035.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.76% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pearl River Capital LLC bought a new stake in shares of Simmons First National during the 4th quarter worth about $27,000. PNC Financial Services Group Inc. boosted its stake in shares of Simmons First National by 61.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,098 shares of the bank’s stock worth $99,000 after acquiring an additional 1,556 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Simmons First National during the 4th quarter worth about $102,000. Paloma Partners Management Co bought a new stake in shares of Simmons First National during the 3rd quarter worth about $206,000. Finally, Jane Street Group LLC bought a new stake in shares of Simmons First National during the 2nd quarter worth about $256,000. Institutional investors own 52.62% 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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Earnings History and Estimates for Simmons First National (NASDAQ:SFNC)

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