Simmons First National (NASDAQ:SFNC) Releases Quarterly Earnings Results, Hits Expectations

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

Simmons First National Price Performance

NASDAQ:SFNC traded down $0.62 during trading hours on Thursday, reaching $17.61. The company had a trading volume of 72,334 shares, compared to its average volume of 511,546. The firm has a market capitalization of $2.21 billion, a PE ratio of 12.39 and a beta of 0.87. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $18.79 and a two-hundred day moving average of $17.98. Simmons First National has a one year low of $13.36 and a one year high of $20.82.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Friday, June 14th. Simmons First National’s dividend payout ratio is 60.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on Simmons First National from $21.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday. Robert W. Baird increased their target price on Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Finally, StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.00.

Simmons First National Company Profile

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.