The Simmons First National Corp. (SFNC) to Release Quarterly Earnings on Wednesday

The Simmons First National Corp. (SFNC) to Release Quarterly Earnings on Wednesday

Simmons First National Corp. (NASDAQ:SFNC) is scheduled to be posting its Q316 quarterly earnings results on Wednesday, October 19th. Analysts expect Simmons First National Corp. to post earnings of $0.84 per share and revenue of $33.69 million for the quarter.

Simmons First National Corp. (NASDAQ:SFNC) opened at 49.25 on Tuesday. The company has a 50-day moving average price of $49.77 and a 200 day moving average price of $47.23. The stock has a market capitalization of $1.50 billion, a P/E ratio of 16.30 and a beta of 1.05. Simmons First National Corp. has a 1-year low of $38.30 and a 1-year high of $58.75.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Thursday, September 15th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Tuesday, September 13th. Simmons First National Corp.’s dividend payout ratio is currently 31.79%.

Several brokerages recently weighed in on SFNC. Zacks Investment Research raised Simmons First National Corp. from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, October 11th. Stephens downgraded Simmons First National Corp. from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $52.00 to $50.00 in a research note on Friday, July 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.75.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its position in shares of Simmons First National Corp. by 2.2% in the second quarter. BlackRock Fund Advisors now owns 1,819,513 shares of the company’s stock worth $84,034,000 after buying an additional 39,684 shares during the last quarter. BlackRock Investment Management LLC increased its position in shares of Simmons First National Corp. by 6.8% in the second quarter. BlackRock Investment Management LLC now owns 133,843 shares of the company’s stock valued at $6,182,000 after buying an additional 8,529 shares in the last quarter. BlackRock Inc. increased its position in shares of Simmons First National Corp. by 285.9% in the second quarter. BlackRock Inc. now owns 7,931 shares of the company’s stock valued at $367,000 after buying an additional 5,876 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Simmons First National Corp. by 88.9% in the second quarter. Riverhead Capital Management LLC now owns 9,819 shares of the company’s stock valued at $2,130,000 after buying an additional 4,621 shares in the last quarter. Finally, Teachers Advisors Inc. increased its position in shares of Simmons First National Corp. by 9.7% in the second quarter. Teachers Advisors Inc. now owns 46,631 shares of the company’s stock valued at $2,154,000 after buying an additional 4,113 shares in the last quarter. Institutional investors own 39.40% of the company’s stock.

About Simmons First National Corp.

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