Simmons First National (SFNC) Set to Announce Quarterly Earnings on Wednesday

Simmons First National (NASDAQ:SFNC) is scheduled to be releasing its earnings data before the market opens on Wednesday, April 24th. Analysts expect Simmons First National to post earnings of $0.32 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $197.80 million for the quarter, compared to analyst estimates of $204.25 million. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. 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 Price Performance

SFNC stock opened at $17.49 on Wednesday. Simmons First National has a 52-week low of $13.36 and a 52-week high of $20.82. The business has a fifty day moving average of $18.78 and a two-hundred day moving average of $17.92. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 12.73 and a beta of 0.87. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.39.

Simmons First National Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.80%. This is an increase from Simmons First National’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, March 14th. Simmons First National’s dividend payout ratio (DPR) is presently 60.87%.

Wall Street Analyst Weigh In

SFNC has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. StockNews.com downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE boosted its position in Simmons First National by 371.9% in the 4th quarter. US Bancorp DE now owns 1,897 shares of the bank’s stock valued at $38,000 after buying an additional 1,495 shares during the period. Quantbot Technologies LP purchased a new position in Simmons First National in the second quarter valued at $153,000. Ameritas Investment Partners Inc. grew its stake in Simmons First National by 11.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,435 shares of the bank’s stock worth $180,000 after purchasing an additional 1,049 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Simmons First National by 55.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,510 shares of the bank’s stock worth $181,000 after purchasing an additional 3,759 shares during the period. Finally, Profund Advisors LLC raised its position in Simmons First National by 21.0% in the 1st quarter. Profund Advisors LLC now owns 11,954 shares of the bank’s stock valued at $209,000 after purchasing an additional 2,071 shares in the last quarter. Hedge funds and other institutional investors own 27.58% of the company’s stock.

About Simmons First National

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.