Simmons First National (NASDAQ:SFNC) Issues Earnings Results

Simmons First National (NASDAQ:SFNC) issued its quarterly earnings data on Thursday. The bank reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01, FiscalAI reports. Simmons First National had a net margin of 18.38% and a return on equity of 8.73%. The business had revenue of $251.17 million during the quarter, compared to the consensus estimate of $254.03 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year.

Simmons First National Stock Up 0.7%

Shares of SFNC opened at $22.22 on Tuesday. Simmons First National has a 52-week low of $17.00 and a 52-week high of $24.32. The company has a market capitalization of $3.21 billion, a PE ratio of 10.77 and a beta of 0.92. The stock has a fifty day simple moving average of $22.89 and a two-hundred day simple moving average of $22.24. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.50.

Simmons First National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a $0.2150 dividend. This represents a $0.86 annualized dividend and a yield of 3.9%. The ex-dividend date was Tuesday, September 15th. Simmons First National’s dividend payout ratio is presently 48.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $25.00 price target on shares of Simmons First National in a research note on Friday, July 17th. Piper Sandler upgraded Simmons First National from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $26.00 to $27.50 in a research note on Friday, September 4th. Keefe, Bruyette & Woods lowered their price target on Simmons First National from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Monday. Morgan Stanley boosted their price target on Simmons First National from $26.00 to $27.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, DA Davidson boosted their price target on Simmons First National from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.69.

Simmons First National Company Profile

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.