Simmons First National Co. (NASDAQ:SFNC) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.16 per share by the bank on Monday, January 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, December 13th.
Simmons First National has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 7 years. Simmons First National has a payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Simmons First National to earn $2.41 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 26.6%.
Shares of SFNC traded down $0.09 during mid-day trading on Wednesday, reaching $25.81. The company’s stock had a trading volume of 22,586 shares, compared to its average volume of 465,661. The business has a fifty day moving average of $25.28 and a 200 day moving average of $24.39. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 10.89 and a beta of 1.10. Simmons First National has a 1 year low of $22.08 and a 1 year high of $27.87. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.
In other Simmons First National news, CEO George Makris, Jr. bought 10,000 shares of the stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of $23.99 per share, with a total value of $239,900.00. Following the completion of the transaction, the chief executive officer now directly owns 385,585 shares of the company’s stock, valued at approximately $9,250,184.15. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Paul D. Kanneman sold 1,013 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $25.06, for a total transaction of $25,385.78. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by company insiders.
A number of analysts have recently issued reports on SFNC shares. Stephens lowered Simmons First National from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $29.00 to $27.00 in a report on Wednesday, October 23rd. Zacks Investment Research upgraded Simmons First National from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. BidaskClub upgraded Simmons First National from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, ValuEngine upgraded Simmons First National from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Simmons First National presently has an average rating of “Hold” and an average target price of $28.20.
Simmons First National Company Profile
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
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