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. It 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; insurance products; and securities and investment services. The company also provides ATM services; Internet and mobile banking platforms; overdraft facilities; and safe deposit boxes. As of January 27, 2022, the company operated through 199 financial centers in Arkansas, Missouri, Tennessee, Texas, Oklahoma, and Kansas. Simmons First National Corporation was founded in 1903 and is headquartered in Pine Bluff, Arkansas.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on SFNC. Piper Sandler lowered their price target on shares of Simmons First National to $24.50 in a research report on Monday, July 4th. Stephens boosted their price objective on shares of Simmons First National to $25.00 in a research note on Monday, July 25th. Finally, StockNews.com lowered Simmons First National from a "hold" rating to a "sell" rating in a research report on Thursday, July 28th.
Simmons First National Trading Down 1.0 %
Shares of SFNC traded down $0.25 during trading on Wednesday, reaching $25.38. 6,537 shares of the company traded hands, compared to its average volume of 615,080. The stock has a market cap of $3.26 billion, a PE ratio of 13.02 and a beta of 0.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.45. The stock has a 50-day simple moving average of $22.39 and a 200-day simple moving average of $25.12. Simmons First National has a twelve month low of $19.87 and a twelve month high of $32.76.
Simmons First National (NASDAQ:SFNC - Get Rating) last released its earnings results on Thursday, July 21st. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. The firm had revenue of $225.28 million during the quarter, compared to analysts' expectations of $228.57 million. Simmons First National had a net margin of 25.19% and a return on equity of 8.73%. During the same period in the previous year, the company earned $0.69 EPS. On average, analysts anticipate that Simmons First National will post 2.33 earnings per share for the current year.
Simmons First National Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Wednesday, September 14th. Simmons First National's dividend payout ratio (DPR) is currently 38.97%.
Insider Buying and Selling at Simmons First National
In other Simmons First National news, Director Dean O. Bass sold 8,810 shares of the company's stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $22.86, for a total transaction of $201,396.60. Following the transaction, the director now owns 244,535 shares in the company, valued at $5,590,070.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Dean O. Bass sold 8,810 shares of the company's stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $22.86, for a total transaction of $201,396.60. Following the sale, the director now owns 244,535 shares of the company's stock, valued at approximately $5,590,070.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dean O. Bass sold 7,334 shares of the firm's stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $23.88, for a total transaction of $175,135.92. Following the completion of the sale, the director now owns 230,680 shares of the company's stock, valued at $5,508,638.40. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.