There is no way Simmons First National Corporation (SFNC) can keep these numbers up

Simmons First National Corporation (NASDAQ: SFNC) stock fell -9.09% on Tuesday to $20.91 against a previous-day closing price of $23.00. With 1.07 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $23.25 whereas the lowest price it dropped to was $20.83. The 52-week range on SFNC shows that it touched its highest point at $29.94 and its lowest point at $19.34 during that stretch. It currently has a 1-year price target of $25.60. With its current market cap of 2.58 billion, SFNC has annualized dividend of $0.76 while the current yield stands at 3.63%. Beta for the stock currently stands at 0.86.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SFNC was down-trending over the past week, with a drop of -9.28%, but this was down by -0.99% over a month. Three-month performance dropped to -12.73% while six-month performance fell -6.94%. The stock lost -28.22% in the past year, while it has lost -3.10% so far this year. A look at the trailing 12-month EPS for SFNC yields 1.84 with Next year EPS estimates of 2.31. For the next quarter, that number is 0.62. This implies an EPS growth rate of 6.40% for this year and -2.66% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.50%.

Float and Shares Shorts:

At present, 127.88 million SFNC shares are outstanding with a float of 125.11 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.23 million, which was 2.51% higher than short shares on Sep 14, 2022. In addition to Mr. George A. Makris Jr. as the firm’s Chairman & CEO, Mr. Robert A. Fehlman serves as its Pres & COO.

Institutional Ownership:

Through their ownership of 67.83% of SFNC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.43% of SFNC, in contrast to 3.30% held by mutual funds. Shares owned by individuals account for 23.35%. As the largest shareholder in SFNC with 14.09% of the stake, BlackRock Fund Advisors holds 17,890,630 shares worth 17,890,630. A second-largest stockholder of SFNC, The Vanguard Group, Inc., holds 15,037,633 shares, controlling over 11.84% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in SFNC, holding 6,619,317 shares or 5.21% stake. With a 6.92% stake in SFNC, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 8,787,556 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.93% of SFNC stock, is the second-largest Mutual Fund holder. It holds 3,717,745 shares valued at 80.23 million. Vanguard Small Cap Index Fund holds 2.45% of the stake in SFNC, owning 3,108,043 shares worth 67.07 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SFNC since 6 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SFNC analysts setting a high price target of $28.00 and a low target of $20.00, the average target price over the next 12 months is $24.20. Based on these targets, SFNC could surge 33.91% to reach the target high and fall by -4.35% to reach the target low. Reaching the average price target will result in a growth of 15.73% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SFNC will report FY 2023 earnings on 01/23/2024. Analysts have provided yearly estimates in a range of $2.38 being high and $1.90 being low. For SFNC, this leads to a yearly average estimate of $2.10. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Simmons First National Corporation surprised analysts by $0.03 when it reported $0.64 EPS against a consensus estimate of $0.61. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.56 and the low estimate is $0.47. The average estimate for the next quarter is thus $0.50.

Dividends & Yield:

In terms of dividends, SFNC has a current ratio of $0.8, which is $0.8 over the trailing 12-months, while a dividend of $0.65 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and SFNC currently yields $3.63. In the past year, SFNC’s dividend yield has been $3.63, but when looking at the stock over the past five years, its yield has been $2.69. Accordingly, SFNC has a current buyback yield of $7.12. This was $7.12 for the TTM.

Summary of Insider Activity:

Insiders traded SFNC stock several times over the past three months with 26 Buys and 17 Sells. In these transactions, 45,996 shares were bought while 82,371 shares were sold. The number of buy transactions has increased to 126 while that of sell transactions has risen to 51 over the past year. The total number of shares bought during that period was 229,809 while 188,433 shares were sold.

Leave a Comment

Your email address will not be published. Required fields are marked *