Simmons First National (NASDAQ:SFNC) Issues Earnings Results

Simmons First National (NASDAQ:SFNC) posted its quarterly earnings data on Wednesday. The bank reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32, Briefing.com reports. The company had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $202.35 million. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share.

Simmons First National Stock Down 3.8 %

Shares of NASDAQ SFNC traded down $0.69 during midday trading on Thursday, hitting $17.54. The company’s stock had a trading volume of 105,488 shares, compared to its average volume of 511,955. The business’s fifty day simple moving average is $18.79 and its two-hundred day simple moving average is $17.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.77 and a quick ratio of 0.77. Simmons First National has a 1 year low of $13.36 and a 1 year high of $20.82. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.73 and a beta of 0.87.

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, June 14th. Simmons First National’s payout ratio is 60.87%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SFNC shares. StockNews.com cut shares of Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Stephens lowered their target price on shares of Simmons First National from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods lowered their target price on shares of Simmons First National from $21.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Robert W. Baird increased their target price on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.00.

Simmons First National Company Profile

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.