Simmons First National (NASDAQ:SFNC) Posts Quarterly Earnings Results, Meets Expectations

Simmons First National (NASDAQ:SFNC) announced its earnings results on Wednesday. The bank reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32, Briefing.com reports. The business had revenue of $195.10 million for the quarter, compared to the consensus estimate of $202.35 million. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share.

Simmons First National Stock Down 3.8 %

Shares of NASDAQ:SFNC traded down $0.69 during mid-day trading on Thursday, hitting $17.54. 105,488 shares of the company traded hands, compared to its average volume of 511,955. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.77. Simmons First National has a 52-week low of $13.36 and a 52-week high of $20.82. The firm’s 50 day simple moving average is $18.79 and its 200 day simple moving average is $17.98. The firm has a market cap of $2.20 billion, a P/E ratio of 12.73 and a beta of 0.87.

Simmons First National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.21 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.79%. Simmons First National’s dividend payout ratio (DPR) is 60.87%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SFNC shares. Keefe, Bruyette & Woods lowered their price target on shares of Simmons First National from $21.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday. Stephens lowered their target price on shares of Simmons First National from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday. Robert W. Baird lifted their price target on Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Finally, StockNews.com lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.00.

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.