Simmons First National (NASDAQ:SFNC) Announces Quarterly Earnings Results, Meets Estimates

Simmons First National (NASDAQ:SFNC) released its earnings results on Wednesday. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32, Briefing.com reports. The firm had revenue of $195.10 million for the quarter, compared to analyst estimates 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 was down 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share.

Simmons First National Stock Down 3.4 %

NASDAQ:SFNC traded down $0.62 during trading hours on Thursday, reaching $17.61. 72,334 shares of the stock were exchanged, compared to its average volume of 511,546. Simmons First National has a twelve month low of $13.36 and a twelve month high of $20.82. The stock has a market cap of $2.21 billion, a PE ratio of 12.39 and a beta of 0.87. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a 50 day moving average of $18.79 and a 200 day moving average of $17.98.

Simmons First National Dividend Announcement

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

Analyst Ratings Changes

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

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.