Equities research analysts forecast that Simmons First National Co. (NASDAQ:SFNC) will announce sales of $189.40 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Simmons First National’s earnings, with the highest sales estimate coming in at $192.10 million and the lowest estimate coming in at $186.70 million. Simmons First National posted sales of $213.91 million in the same quarter last year, which would suggest a negative year over year growth rate of 11.5%. The company is expected to announce its next earnings report on Tuesday, July 20th.
On average, analysts expect that Simmons First National will report full-year sales of $769.20 million for the current fiscal year, with estimates ranging from $755.00 million to $788.00 million. For the next year, analysts expect that the business will report sales of $807.43 million, with estimates ranging from $751.00 million to $871.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Simmons First National.
Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Monday, April 19th. The bank reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.07. The company had revenue of $198.58 million during the quarter, compared to the consensus estimate of $199.53 million. Simmons First National had a net margin of 26.13% and a return on equity of 8.66%. During the same period in the prior year, the business posted $0.65 EPS.
NASDAQ SFNC traded down $0.40 during trading hours on Monday, hitting $30.70. 2,538 shares of the company traded hands, compared to its average volume of 531,510. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $29.83. The stock has a market cap of $3.33 billion, a PE ratio of 13.82 and a beta of 0.89. Simmons First National has a twelve month low of $14.84 and a twelve month high of $33.43.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 6th. Stockholders of record on Tuesday, June 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, June 14th. Simmons First National’s payout ratio is presently 30.00%.
Hedge funds have recently made changes to their positions in the stock. Marshall Wace North America L.P. bought a new position in Simmons First National in the 1st quarter valued at about $59,000. First Trust Advisors LP increased its stake in shares of Simmons First National by 33.1% during the first quarter. First Trust Advisors LP now owns 153,741 shares of the bank’s stock worth $3,764,000 after purchasing an additional 38,228 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in Simmons First National during the 1st quarter worth approximately $1,553,000. Nisa Investment Advisors LLC lifted its holdings in Simmons First National by 66.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,130 shares of the bank’s stock worth $46,000 after purchasing an additional 850 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Simmons First National by 16.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,357 shares of the bank’s stock valued at $288,000 after purchasing an additional 1,925 shares during the period. 25.26% of the stock is owned by institutional investors and hedge funds.
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. It 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; insurance products; and securities and investment services.
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