Simmons First National Corporation (NASDAQ:SFNC) to Release Quarterly Earnings on Wednesday
Simmons First National Corporation (NASDAQ:SFNC) will issue its quarterly earnings data after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.80 per share for the quarter.
Simmons First National Corporation (NASDAQ:SFNC) last posted its quarterly earnings results on Wednesday, April 19th. The bank reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.10. The company had revenue of $102.44 million for the quarter, compared to the consensus estimate of $109.30 million. Simmons First National Corporation had a net margin of 21.50% and a return on equity of 8.84%. On average, analysts expect Simmons First National Corporation to post $3.28 EPS for the current fiscal year and $4.08 EPS for the next fiscal year.
Simmons First National Corporation (SFNC) opened at 52.50 on Tuesday. The company’s 50-day moving average is $52.06 and its 200 day moving average is $56.55. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 17.16 and a beta of 1.11. Simmons First National Corporation has a 52-week low of $45.01 and a 52-week high of $67.00.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, June 13th. Simmons First National Corporation’s dividend payout ratio (DPR) is 32.68%.
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In related news, Director Steven A. Cosse acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was bought at an average cost of $53.50 per share, for a total transaction of $53,500.00. Following the purchase, the director now owns 20,816 shares in the company, valued at approximately $1,113,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher R. Kirkland sold 5,990 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $55.00, for a total value of $329,450.00. Following the transaction, the director now owns 239,364 shares of the company’s stock, valued at $13,165,020. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 4,500 shares of company stock valued at $239,250 and have sold 29,286 shares valued at $1,610,730. 4.63% of the stock is owned by corporate insiders.
A number of brokerages have weighed in on SFNC. Keefe, Bruyette & Woods set a $61.00 target price on Simmons First National Corporation and gave the stock a “hold” rating in a research report on Saturday, April 22nd. BidaskClub raised shares of Simmons First National Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Raymond James Financial, Inc. raised shares of Simmons First National Corporation from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of Simmons First National Corporation from a “buy” rating to a “sell” rating in a research report on Wednesday, April 26th. Finally, Sandler O’Neill raised shares of Simmons First National Corporation from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.75.
About Simmons First National Corporation
Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri and Tennessee.
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