Simmons First National Co. (SFNC) Expected to Post Q2 2018 Earnings of $0.58 Per Share

Simmons First National Co. (NASDAQ:SFNC) – Equities researchers at Piper Jaffray raised their Q2 2018 earnings estimates for Simmons First National in a research note issued on Tuesday, April 24th. Piper Jaffray analyst W. Curtiss now expects that the bank will post earnings per share of $0.58 for the quarter, up from their prior forecast of $0.57. Piper Jaffray currently has a “Hold” rating and a $33.00 price target on the stock. Piper Jaffray also issued estimates for Simmons First National’s Q3 2018 earnings at $0.59 EPS, FY2018 earnings at $2.36 EPS, Q3 2019 earnings at $0.66 EPS and FY2019 earnings at $2.54 EPS.

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Several other equities analysts also recently weighed in on the stock. Sandler O’Neill set a $35.00 target price on shares of Simmons First National and gave the stock a “buy” rating in a research note on Tuesday. ValuEngine downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. Zacks Investment Research downgraded shares of Simmons First National from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Finally, BidaskClub downgraded shares of Simmons First National from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Simmons First National currently has an average rating of “Hold” and an average target price of $33.00.



SFNC opened at $30.50 on Thursday. The stock has a market capitalization of $2,799.83, a PE ratio of 15.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.00 and a quick ratio of 1.01. Simmons First National has a twelve month low of $24.88 and a twelve month high of $30.90.

Simmons First National (NASDAQ:SFNC) last posted its earnings results on Monday, April 23rd. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $172.50 million during the quarter, compared to the consensus estimate of $171.50 million. Simmons First National had a net margin of 19.70% and a return on equity of 8.92%.

In other news, EVP Steven C. Wade sold 8,610 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $29.34, for a total value of $252,617.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vernon Wilson Jr. Bryant sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $59.19, for a total transaction of $1,479,750.00. Following the completion of the transaction, the insider now owns 185,853 shares of the company’s stock, valued at $11,000,639.07. The disclosure for this sale can be found here. Insiders sold 78,610 shares of company stock valued at $4,085,217 over the last 90 days. 2.76% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Simmons First National by 51.9% during the third quarter. Wells Fargo & Company MN now owns 35,206 shares of the bank’s stock valued at $2,038,000 after purchasing an additional 12,023 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Simmons First National by 5.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 148,118 shares of the bank’s stock valued at $8,577,000 after purchasing an additional 7,782 shares during the last quarter. Dalton Greiner Hartman Maher & Co. bought a new stake in Simmons First National during the fourth quarter valued at approximately $780,000. Rowland & Co. Investment Counsel ADV bought a new stake in Simmons First National during the fourth quarter valued at approximately $107,000. Finally, Louisiana State Employees Retirement System lifted its position in Simmons First National by 28.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the bank’s stock valued at $959,000 after purchasing an additional 3,700 shares during the last quarter. Institutional investors own 26.00% of the company’s stock.

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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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