Simmons First National Co. (NASDAQ:SFNC) declared a quarterly dividend on Tuesday, July 28th, Zacks reports. Investors of record on Tuesday, September 15th will be paid a dividend of 0.17 per share by the bank on Monday, October 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Monday, September 14th.
Simmons First National has increased its dividend by an average of 33.3% annually over the last three years and has increased its dividend every year for the last 8 years. Simmons First National has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Simmons First National to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 39.8%.
Shares of Simmons First National stock traded down $0.55 on Thursday, hitting $16.84. The stock had a trading volume of 7,155 shares, compared to its average volume of 553,113. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 6.82 and a beta of 0.97. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. Simmons First National has a 52-week low of $13.75 and a 52-week high of $27.29. The company’s 50 day moving average price is $16.53 and its 200 day moving average price is $19.25.
A number of research analysts have commented on SFNC shares. ValuEngine lowered shares of Simmons First National from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 2nd. BidaskClub cut Simmons First National from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Zacks Investment Research raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Raymond James raised shares of Simmons First National from a “market perform” rating to an “outperform” rating and set a $19.00 price target for the company in a research note on Wednesday, June 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.00.
In other news, CEO George Makris, Jr. bought 9,000 shares of Simmons First National stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $16.37 per share, with a total value of $147,330.00. Following the completion of the purchase, the chief executive officer now directly owns 431,346 shares in the company, valued at $7,061,134.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Makris, Jr. acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $14.77 per share, with a total value of $147,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 441,346 shares in the company, valued at approximately $6,518,680.42. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 29,000 shares of company stock valued at $462,230. 1.60% of the stock is owned by corporate insiders.
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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