Simmons First National (NASDAQ:SFNC) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Simmons First National (NASDAQ:SFNC) announced its quarterly earnings results on Thursday. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01, FiscalAI reports. The firm had revenue of $251.17 million during the quarter, compared to analyst estimates 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’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS.

Simmons First National Trading Up 1.0%

Simmons First National stock traded up $0.21 during mid-day trading on Thursday, hitting $22.26. The company’s stock had a trading volume of 3,848,046 shares, compared to its average volume of 1,336,455. The firm has a market capitalization of $3.22 billion, a PE ratio of -8.80 and a beta of 0.92. Simmons First National has a 1 year low of $17.00 and a 1 year high of $24.32. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $22.94 and its two-hundred day moving average is $22.20.

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were issued a $0.2150 dividend. The ex-dividend date 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%.

Wall Street Analyst Weigh In

SFNC has been the subject of several research analyst reports. Piper Sandler upgraded shares of Simmons First National from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $26.00 to $27.50 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 research note on Thursday, September 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Simmons First National in a research report on Tuesday, July 21st. Raymond James Financial reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Simmons First National in a research note on Friday, July 17th. Finally, National Bank Financial set a $26.00 target price on shares of Simmons First National in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Simmons First National Company Profile

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.