Simmons First National (NASDAQ:SFNC) Announces Earnings Results

Simmons First National (NASDAQ:SFNC) posted its quarterly earnings results on Wednesday. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02, Briefing.com reports. The business had revenue of $372.44 million during the quarter, compared to analysts’ expectations of $197.30 million. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. During the same period last year, the company posted $0.48 earnings per share.

Simmons First National Stock Up 3.7 %

Shares of SFNC traded up $0.78 during trading hours on Thursday, reaching $21.88. 348,165 shares of the stock traded hands, compared to its average volume of 501,923. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $17.82 and a 200 day simple moving average of $18.36. Simmons First National has a 52 week low of $13.36 and a 52 week high of $22.11. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 16.50 and a beta of 0.89.

Simmons First National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, September 13th. Simmons First National’s payout ratio is currently 63.16%.

Insider Activity at Simmons First National

In other Simmons First National news, EVP George A. Makris III sold 15,625 shares of Simmons First National stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $17.23, for a total value of $269,218.75. Following the sale, the executive vice president now owns 39,707 shares of the company’s stock, valued at $684,151.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SFNC shares. StockNews.com cut shares of Simmons First National from a “hold” rating to a “sell” rating in a report on Sunday. Stephens lifted their price objective on shares of Simmons First National from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.33.

About Simmons First National

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.