Equities research analysts forecast that Simmons First National Co. (NASDAQ:SFNC) will report sales of $174.80 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Simmons First National’s earnings, with estimates ranging from $174.60 million to $175.00 million. Simmons First National reported sales of $115.15 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 51.8%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, October 22nd.

According to Zacks, analysts expect that Simmons First National will report full year sales of $700.60 million for the current fiscal year, with estimates ranging from $698.00 million to $703.20 million. For the next fiscal year, analysts expect that the firm will post sales of $741.65 million per share, with estimates ranging from $741.00 million to $742.30 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Simmons First National.

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

Several equities analysts recently issued reports on SFNC shares. 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. BidaskClub lowered shares of Simmons First National from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. Sandler O’Neill lowered shares of Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Wednesday, July 25th. Finally, ValuEngine lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Simmons First National has an average rating of “Hold” and an average target price of $33.00.

Shares of NASDAQ SFNC traded down $1.25 on Friday, hitting $30.50. The company’s stock had a trading volume of 6,256 shares, compared to its average volume of 420,259. Simmons First National has a 12-month low of $26.78 and a 12-month high of $33.45. The company has a market capitalization of $2.93 billion, a PE ratio of 18.39 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.02 and a quick ratio of 1.01.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Friday, September 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, September 13th. Simmons First National’s dividend payout ratio (DPR) is 35.09%.

In related news, Director Russell William Teubner sold 2,072 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $30.12, for a total transaction of $62,408.64. Following the completion of the transaction, the director now owns 1,498 shares of the company’s stock, valued at $45,119.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.76% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of Simmons First National in the first quarter worth $155,000. LPL Financial LLC acquired a new stake in Simmons First National during the 1st quarter valued at $217,000. Diversified Trust Co grew its holdings in Simmons First National by 77.0% during the 1st quarter. Diversified Trust Co now owns 7,938 shares of the bank’s stock valued at $226,000 after purchasing an additional 3,452 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in Simmons First National during the 2nd quarter valued at $227,000. Finally, Riverhead Capital Management LLC grew its holdings in Simmons First National by 150.4% during the 1st quarter. Riverhead Capital Management LLC now owns 8,940 shares of the bank’s stock valued at $254,000 after purchasing an additional 5,370 shares in the last quarter. 30.02% of the stock is owned by hedge funds and other institutional investors.

Simmons First National Company Profile

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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