Simmons First National (SFNC) Scheduled to Post Quarterly Earnings on Friday

Simmons First National (NASDAQ:SFNC) is scheduled to be posting 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $372.44 million for the quarter, compared to analysts’ expectations of $197.30 million. Simmons First National had a net margin of 10.49% and a return on equity of 5.33%. During the same period in the prior year, the business posted $0.48 earnings per share. 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 Performance

Shares of NASDAQ:SFNC opened at $21.61 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $2.71 billion, a PE ratio of 16.25 and a beta of 0.87. The firm’s 50 day simple moving average is $20.72 and its 200-day simple moving average is $19.10. Simmons First National has a one year low of $13.36 and a one year high of $22.45.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Friday, September 13th. Simmons First National’s dividend payout ratio is 63.16%.

Analyst Ratings Changes

SFNC has been the topic of a number of recent research reports. Piper Sandler increased their price objective on shares of Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Stephens upped their target price on Simmons First National from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Finally, StockNews.com lowered Simmons First National from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.75.

Insider Activity at Simmons First National

In other news, CEO Robert A. Fehlman sold 8,680 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $21.93, for a total transaction of $190,352.40. Following the completion of the transaction, the chief executive officer now directly owns 156,357 shares of the company’s stock, valued at $3,428,909.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Robert A. Fehlman sold 8,680 shares of Simmons First National stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.93, for a total value of $190,352.40. Following the sale, the chief executive officer now owns 156,357 shares in the company, valued at $3,428,909.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO David W. Garner sold 3,600 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $21.21, for a total transaction of $76,356.00. Following the transaction, the chief accounting officer now owns 64,966 shares of the company’s stock, valued at approximately $1,377,928.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,700 shares of company stock worth $728,952 in the last 90 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.