Simmons First National (NASDAQ:SFNC) Announces Earnings Results, Hits Estimates

Simmons First National (NASDAQ:SFNC) posted its quarterly earnings results on Thursday. The bank reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54, FiscalAI reports. The business had revenue of $251.17 million during the quarter, compared to analysts’ expectations of $254.03 million. Simmons First National had a positive return on equity of 8.32% and a negative net margin of 24.64%.

Simmons First National Price Performance

NASDAQ:SFNC traded up $0.21 during trading hours on Thursday, reaching $22.26. 3,694,848 shares of the company were exchanged, compared to its average volume of 1,336,435. The business has a 50 day moving average of $22.97 and a 200 day moving average of $22.18. Simmons First National has a 1-year low of $17.00 and a 1-year high of $24.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.93 and a quick ratio of 0.92. The company has a market capitalization of $3.22 billion, a P/E ratio of -8.80 and a beta of 0.92.

Simmons First National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were given a dividend of $0.2150 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.9%. Simmons First National’s dividend payout ratio is currently -33.99%.

Analyst Ratings Changes

SFNC has been the topic of several research analyst reports. Morgan Stanley cut shares of Simmons First National from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $24.00 to $26.00 in a report on Tuesday, September 8th. National Bank Financial set a $26.00 price objective on shares of Simmons First National in a research report on Friday, September 4th. Keefe, Bruyette & Woods upgraded Simmons First National from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $25.00 to $26.00 in a report on Thursday, September 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Simmons First National in a research report on Tuesday, July 21st. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $23.00 target price on shares of Simmons First National in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Simmons First National has an average rating of “Moderate Buy” and an average target price of $25.50.

About Simmons First National

Simmons First National Corporation is a financial services company headquartered in Pine Bluff, Arkansas, and the parent company of Simmons Bank. Founded in 1903, the company has grown from a community bank into a regional banking organization serving businesses, individuals and institutions.

Simmons Bank provides a range of banking services, including checking and savings accounts, commercial and consumer lending, residential mortgage lending, credit cards and treasury management. The bank also offers wealth management, trust, investment and brokerage services to individuals, businesses and nonprofit organizations.

Through its branch network and digital banking platforms, Simmons Bank serves customers in Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.