Simmons First National (NASDAQ:SFNC - Get Free Report) posted its quarterly 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 business had revenue of $195.10 million during the quarter, compared to analyst estimates of $202.35 million. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. The firm's revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share.
Simmons First National Stock Performance
SFNC stock traded down $0.38 during midday trading on Thursday, hitting $17.85. 571,714 shares of the company traded hands, compared to its average volume of 518,020. The business has a 50 day simple moving average of $18.77 and a 200-day simple moving average of $17.98. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.93 and a beta of 0.87. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.39. Simmons First National has a twelve month low of $13.36 and a twelve month high of $20.82.
Simmons First National Announces Dividend
The business also recently declared 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 of this dividend is Friday, June 14th. This represents a $0.84 annualized dividend and a yield of 4.71%. Simmons First National's dividend payout ratio (DPR) is presently 60.87%.
Wall Street Analysts Forecast Growth
SFNC has been the subject of a number of research analyst reports. Stephens reduced their price target on shares of Simmons First National from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday. Robert W. Baird increased 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 report on Thursday, January 25th. Keefe, Bruyette & Woods dropped their price objective on Simmons First National from $21.00 to $20.00 and set a "market perform" rating on the stock in a report on Thursday. Finally, StockNews.com downgraded Simmons First National from a "hold" rating to a "sell" rating in a report on Friday, February 2nd. One equities research 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 currently has an average rating of "Hold" and an average price target of $21.00.
Check Out Our Latest Research Report on Simmons First National
About Simmons First National
(
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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.
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