Simmons First National (NASDAQ:SFNC) Issues Earnings Results

Simmons First National (NASDAQ:SFNC) released its quarterly earnings data on Thursday. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01, FiscalAI reports. Simmons First National had a positive return on equity of 8.32% and a negative net margin of 24.64%. The company had revenue of $251.17 million for the quarter, compared to analyst estimates of $254.03 million. During the same period in the prior year, the company posted $0.46 EPS. The company’s revenue was up 8.0% compared to the same quarter last year.

Simmons First National Stock Performance

Shares of SFNC opened at $22.26 on Friday. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -8.80 and a beta of 0.92. Simmons First National has a 12 month low of $17.00 and a 12 month high of $24.32. The firm has a fifty day simple moving average of $22.94 and a 200 day simple moving average of $22.20. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36.

Simmons First National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a $0.2150 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.86 annualized dividend and a yield of 3.9%. Simmons First National’s payout ratio is presently -33.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Simmons First National in a report on Friday, July 17th. DA Davidson restated a “neutral” rating and issued a $23.00 price target on shares of Simmons First National in a research report on Friday, July 17th. National Bank Financial set a $26.00 price objective on shares of Simmons First National in a research note on Friday, September 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Simmons First National in a research note on Tuesday, July 21st. Finally, Morgan Stanley lowered shares of Simmons First National from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $24.00 to $26.00 in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Simmons First National currently has an average rating of “Moderate Buy” and an average target price of $25.50.

About Simmons First National

Simmons First National Corporation is a financial services company headquartered in Pine Bluff, Arkansas, and the parent company of Simmons Bank. Founded in 1903, the company has grown from a community bank into a regional banking organization serving businesses, individuals and institutions.

Simmons Bank provides a range of banking services, including checking and savings accounts, commercial and consumer lending, residential mortgage lending, credit cards and treasury management. The bank also offers wealth management, trust, investment and brokerage services to individuals, businesses and nonprofit organizations.

Through its branch network and digital banking platforms, Simmons Bank serves customers in Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.