Wall Street analysts forecast that Simmons First National Co. (NASDAQ:SFNC) will post earnings of $0.58 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Simmons First National’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.57. Simmons First National reported earnings of $0.43 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 34.9%. The company is scheduled to issue its next earnings results on Monday, October 22nd.

On average, analysts expect that Simmons First National will report full-year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.35. For the next financial year, analysts forecast that the business will report earnings of $2.53 per share, with EPS estimates ranging from $2.50 to $2.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Simmons First National.

Simmons First National (NASDAQ:SFNC) last posted its earnings results on Monday, July 23rd. The bank reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $174.89 million during the quarter, compared to the consensus estimate of $174.75 million. Simmons First National had a net margin of 21.66% and a return on equity of 9.32%.

Several equities analysts have recently weighed in on SFNC shares. BidaskClub upgraded shares of Simmons First National from a “hold” rating to a “buy” rating in a research note on Thursday, August 16th. Sandler O’Neill downgraded shares of Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Wednesday, July 25th. ValuEngine downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Finally, Zacks Investment Research downgraded shares of Simmons First National from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.00.

In related news, Director Russell William Teubner sold 2,928 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $30.25, for a total transaction of $88,572.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.76% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC grew its stake in Simmons First National by 10.3% during the second quarter. Piedmont Investment Advisors LLC now owns 18,481 shares of the bank’s stock valued at $553,000 after acquiring an additional 1,729 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Simmons First National by 17.5% during the second quarter. OppenheimerFunds Inc. now owns 12,492 shares of the bank’s stock valued at $374,000 after acquiring an additional 1,864 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in Simmons First National by 16.2% during the second quarter. Xact Kapitalforvaltning AB now owns 13,660 shares of the bank’s stock valued at $408,000 after acquiring an additional 1,900 shares in the last quarter. Victory Capital Management Inc. lifted its position in Simmons First National by 15.9% during the second quarter. Victory Capital Management Inc. now owns 14,552 shares of the bank’s stock valued at $435,000 after purchasing an additional 1,995 shares during the last quarter. Finally, Horrell Capital Management Inc. lifted its position in Simmons First National by 4.1% during the second quarter. Horrell Capital Management Inc. now owns 61,220 shares of the bank’s stock valued at $1,830,000 after purchasing an additional 2,410 shares during the last quarter. 30.02% of the stock is owned by institutional investors.

Shares of SFNC traded up $0.35 during trading hours on Wednesday, hitting $31.85. The company’s stock had a trading volume of 21,351 shares, compared to its average volume of 378,413. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 18.63 and a beta of 1.09. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.87. Simmons First National has a 52-week low of $26.78 and a 52-week high of $33.45.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Friday, September 14th will be paid a $0.15 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.88%. Simmons First National’s payout ratio is 35.09%.

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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