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

Key Points

• Simmons First National met earnings expectations, reporting quarterly EPS of $0.54, in line with consensus, while revenue of $251.17 million fell short of the $254.03 million estimate.
• The company maintains a quarterly dividend of $0.215 per share, equivalent to an annualized $0.86 payout and a 3.9% yield.
• Analyst sentiment is moderately bullish, with a consensus “Moderate Buy” rating and a $25.50 target price versus the stock’s reported $22.26 trading price.

Simmons First National (NASDAQ:SFNC - Get Free Report) released its quarterly earnings data on Thursday. The bank reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54, FiscalAI reports. Simmons First National had a negative net margin of 24.64% and a positive return on equity of 8.32%. The company had revenue of $251.17 million during the quarter, compared to the consensus estimate of $254.03 million.

Simmons First National Stock Performance

Simmons First National stock traded up $0.21 during midday trading on Thursday, hitting $22.26. 3,694,848 shares of the company's stock were exchanged, compared to its average volume of 1,336,435. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market cap 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's 50 day simple moving average is $22.97 and its 200 day simple moving average is $22.18.

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a dividend of $0.2150 per share. This represents a $0.86 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Simmons First National's dividend payout ratio (DPR) is presently -33.99%.

Analysts Set New Price Targets

A number of analysts have recently commented on SFNC shares. National Bank Financial set a $26.00 target price on Simmons First National in a research report on Friday, September 4th. DA Davidson reissued a "neutral" rating and issued a $23.00 target price on shares of Simmons First National in a report on Friday, July 17th. Morgan Stanley cut Simmons First National from an "equal weight" rating to an "underweight" rating and upped their target price for the company from $24.00 to $26.00 in a research report on Tuesday, September 8th. Keefe, Bruyette & Woods upgraded Simmons First National from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $25.00 to $26.00 in a research note on Thursday, September 10th. Finally, Piper Sandler upgraded Simmons First National from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $26.00 to $27.50 in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.50.

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.

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