Simmons First National (NASDAQ:SFNC - Get Free Report) issued its quarterly earnings data on Thursday. The bank reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.04, Zacks reports. Simmons First National had a net margin of 11.19% and a return on equity of 5.24%. The company had revenue of $214.18 million during the quarter, compared to the consensus estimate of $217.21 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Simmons First National's revenue for the quarter was up 8.6% compared to the same quarter last year.
Simmons First National Stock Performance
NASDAQ SFNC traded up $0.37 on Friday, hitting $20.06. The stock had a trading volume of 1,107,140 shares, compared to its average volume of 636,405. Simmons First National has a one year low of $17.20 and a one year high of $25.95. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 15.80 and a beta of 0.92. The company's 50-day moving average is $19.26 and its two-hundred day moving average is $20.20. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.35.
Simmons First National Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were issued a $0.2125 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.85 dividend on an annualized basis and a yield of 4.24%. Simmons First National's dividend payout ratio is currently 73.28%.
Institutional Trading of Simmons First National
Several institutional investors have recently modified their holdings of SFNC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Simmons First National by 9.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 257,036 shares of the bank's stock valued at $5,277,000 after buying an additional 21,889 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Simmons First National by 271.3% during the 1st quarter. AQR Capital Management LLC now owns 158,856 shares of the bank's stock valued at $3,261,000 after buying an additional 116,072 shares during the last quarter. Jane Street Group LLC acquired a new stake in Simmons First National in the first quarter valued at approximately $3,006,000. Royal Bank of Canada grew its position in Simmons First National by 27.2% in the first quarter. Royal Bank of Canada now owns 88,632 shares of the bank's stock worth $1,820,000 after acquiring an additional 18,933 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Simmons First National by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,861 shares of the bank's stock valued at $1,516,000 after purchasing an additional 3,221 shares in the last quarter. Institutional investors and hedge funds own 27.58% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on SFNC shares. Stephens cut their price objective on Simmons First National from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Simmons First National from $23.00 to $21.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Wall Street Zen raised shares of Simmons First National from a "sell" rating to a "hold" rating in a report on Friday. Finally, Piper Sandler raised Simmons First National from an "underweight" rating to a "neutral" rating and raised their target price for the company from $20.00 to $21.00 in a report on Monday, April 21st.
Get Our Latest Analysis on Simmons First National
About Simmons First National
(
Get Free Report)
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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