Simmons First National Co. (NASDAQ:SFNC) Declares $0.21 Quarterly Dividend

Simmons First National Co. (NASDAQ:SFNC - Get Free Report) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.21 per share by the bank on Monday, July 1st. This represents a $0.84 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Friday, June 14th.

Simmons First National has increased its dividend by an average of 5.6% annually over the last three years and has increased its dividend every year for the last 13 years. Simmons First National has a payout ratio of 51.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Simmons First National to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 51.5%.

Simmons First National Trading Down 2.1 %

NASDAQ SFNC traded down $0.38 during trading hours on Thursday, reaching $17.85. The company had a trading volume of 571,714 shares, compared to its average volume of 518,020. The stock has a 50-day moving average of $18.79 and a 200 day moving average of $17.98. Simmons First National has a 1-year low of $13.36 and a 1-year high of $20.82. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.24 billion, a P/E ratio of 12.73 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC - Get Free Report) last posted its earnings results on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. The company had revenue of $195.10 million for the quarter, compared to analysts' expectations of $202.35 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. Simmons First National's revenue for the quarter was down 12.8% compared to the same quarter last year. As a group, research analysts anticipate that Simmons First National will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SFNC has been the topic of a number of recent analyst reports. Stephens decreased their target price on shares of Simmons First National from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Thursday. StockNews.com lowered shares of Simmons First National from a "hold" rating to a "sell" rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods cut their price target on shares of Simmons First National from $21.00 to $20.00 and set a "market perform" rating on the stock in a research note on Thursday. Finally, Robert W. Baird boosted their price target on shares of Simmons First National from $20.00 to $22.00 and gave the stock 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 given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.00.

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.