Simmons First National (NASDAQ:SFNC) Issues Earnings Results, Misses Estimates By $0.10 EPS

Simmons First National (NASDAQ:SFNC) posted its quarterly earnings results on Wednesday. The bank reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10), Zacks reports. The firm had revenue of $209.58 million for the quarter, compared to analysts’ expectations of $209.00 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. During the same period last year, the firm posted $0.32 EPS.

Simmons First National Trading Down 4.0 %

SFNC opened at $17.39 on Friday. Simmons First National has a 52-week low of $16.03 and a 52-week high of $25.95. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2.19 billion, a P/E ratio of 14.37 and a beta of 0.82. The firm’s 50 day moving average is $20.39 and its 200-day moving average is $22.16.

Simmons First National Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $0.2125 dividend. This is an increase from Simmons First National’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.85 annualized dividend and a dividend yield of 4.89%. Simmons First National’s dividend payout ratio is presently 70.25%.

Wall Street Analyst Weigh In

Separately, Stephens decreased their target price on Simmons First National from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd.

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.