Simmons First National Corporation (NASDAQ:SFNC) Declares Quarterly Dividend of $0.21

Key Points

• Simmons First National declared a quarterly dividend of $0.215 per share, payable October 1 to shareholders of record on September 15. The dividend implies an annualized yield of approximately 3.7%.
• The bank has raised its dividend for 14 consecutive years, with a current payout ratio of 46%. Analysts expect earnings to cover the projected $0.86 annual dividend, implying a future payout ratio of about 39.1%.
• In its latest quarter, Simmons First National reported $0.50 in EPS, below the $0.53 consensus estimate, although revenue increased 16.1% year over year.

Simmons First National Corporation (NASDAQ:SFNC - Get Free Report) declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.215 per share by the bank on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 15th.

Simmons First National has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 14 years. Simmons First National has a payout ratio of 46.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Simmons First National to earn $2.20 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 39.1%.

Simmons First National Stock Performance

NASDAQ:SFNC opened at $22.98 on Friday. The firm has a market capitalization of $3.32 billion, a PE ratio of -9.08 and a beta of 0.91. The stock's fifty day moving average is $23.03 and its 200 day moving average is $21.48. Simmons First National has a fifty-two week low of $17.00 and a fifty-two week high of $24.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.93.

Simmons First National (NASDAQ:SFNC - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Simmons First National had a positive return on equity of 8.32% and a negative net margin of 24.64%.During the same quarter in the prior year, the company posted $0.44 earnings per share. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Simmons First National will post 2.05 earnings per share for the current year.

About Simmons First National

Simmons First National Corporation NASDAQ: SFNC is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company's core business activities span deposit-taking, lending and payment services.

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