Simmons First National (NASDAQ:SFNC) Issues Earnings Results, Misses Estimates By $0.03 EPS

Simmons First National (NASDAQ:SFNC) issued its quarterly earnings data on Thursday. The bank reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03), FiscalAI reports. Simmons First National had a positive return on equity of 7.81% and a negative net margin of 25.44%.The company had revenue of $248.57 million for the quarter, compared to the consensus estimate of $250.98 million.

Simmons First National Stock Performance

SFNC traded up $0.02 during trading hours on Thursday, hitting $23.25. The company’s stock had a trading volume of 3,518,320 shares, compared to its average volume of 1,277,914. The company has a 50-day simple moving average of $21.90 and a 200 day simple moving average of $20.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.37 billion, a PE ratio of -9.08 and a beta of 0.90. Simmons First National has a fifty-two week low of $17.00 and a fifty-two week high of $23.91.

Simmons First National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, June 15th. Simmons First National’s dividend payout ratio (DPR) is currently -33.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Simmons First National by 197.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,104 shares during the period. Osaic Holdings Inc. lifted its holdings in Simmons First National by 32.0% in the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock worth $50,000 after purchasing an additional 644 shares during the period. iSAM Funds UK Ltd acquired a new stake in Simmons First National in the fourth quarter worth about $192,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Simmons First National during the 4th quarter worth about $218,000. Finally, Beacon Pointe Advisors LLC lifted its stake in shares of Simmons First National by 9.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 12,080 shares of the bank’s stock worth $228,000 after acquiring an additional 1,007 shares during the period. Institutional investors own 27.58% of the company’s stock.

Analyst Upgrades and Downgrades

SFNC has been the topic of a number of recent research reports. Zacks Research downgraded shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. DA Davidson restated a “neutral” rating and set a $21.00 price target on shares of Simmons First National in a research report on Friday, April 17th. National Bank Financial set a $24.00 price objective on shares of Simmons First National in a report on Monday, June 29th. Stephens lifted their price objective on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Finally, Weiss Ratings upgraded shares of Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Simmons First National Company Profile

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.