Wall Street analysts expect that Simmons First National Co. (NASDAQ:SFNC) will report $171.94 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Simmons First National’s earnings. The lowest sales estimate is $171.10 million and the highest is $173.20 million. Simmons First National posted sales of $172.50 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, April 22nd.
According to Zacks, analysts expect that Simmons First National will report full year sales of $752.35 million for the current year, with estimates ranging from $740.70 million to $764.90 million. For the next fiscal year, analysts expect that the company will report sales of $812.89 million, with estimates ranging from $793.16 million to $849.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Simmons First National.
Simmons First National (NASDAQ:SFNC) last announced its earnings results on Tuesday, January 22nd. The bank reported $0.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.61. Simmons First National had a net margin of 26.16% and a return on equity of 10.14%. The business had revenue of $172.37 million during the quarter, compared to the consensus estimate of $177.84 million.
In other news, CEO George Makris, Jr. purchased 10,000 shares of Simmons First National stock in a transaction that occurred on Wednesday, January 30th. The stock was bought at an average price of $24.85 per share, with a total value of $248,500.00. Following the completion of the transaction, the chief executive officer now directly owns 220,766 shares of the company’s stock, valued at $5,486,035.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.76% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Pearl River Capital LLC bought a new stake in shares of Simmons First National during the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. boosted its holdings in Simmons First National by 61.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,098 shares of the bank’s stock worth $99,000 after purchasing an additional 1,556 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Simmons First National in the fourth quarter worth approximately $102,000. Paloma Partners Management Co purchased a new stake in Simmons First National in the third quarter worth approximately $206,000. Finally, Shelton Capital Management boosted its holdings in Simmons First National by 18.2% in the fourth quarter. Shelton Capital Management now owns 9,302 shares of the bank’s stock worth $224,000 after purchasing an additional 1,435 shares during the last quarter. 22.74% of the stock is owned by institutional investors.
Shares of NASDAQ SFNC opened at $25.89 on Thursday. Simmons First National has a fifty-two week low of $22.64 and a fifty-two week high of $33.45. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 10.92 and a beta of 1.09. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.76.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.47%. This is an increase from Simmons First National’s previous quarterly dividend of $0.15. Simmons First National’s dividend payout ratio (DPR) is 25.32%.
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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