Simmons First National (NASDAQ:SFNC) Issues Earnings Results

Simmons First National (NASDAQ:SFNC) posted its quarterly earnings data on Thursday. The bank reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54, FiscalAI reports. Simmons First National had a positive return on equity of 8.32% and a negative net margin of 24.64%. The company had revenue of $251.17 million during the quarter, compared to analysts’ expectations of $254.03 million.

Simmons First National Stock Performance

NASDAQ SFNC traded up $0.21 on Thursday, hitting $22.26. 3,694,848 shares of the company’s stock were exchanged, compared to its average volume of 1,336,435. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.93 and a quick ratio of 0.92. The firm’s 50-day moving average price is $22.97 and its two-hundred day moving average price is $22.18. Simmons First National has a fifty-two week low of $17.00 and a fifty-two week high of $24.32. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of -8.80 and a beta of 0.92.

Simmons First National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a $0.2150 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Simmons First National’s payout ratio is currently -33.99%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SFNC shares. National Bank Financial set a $26.00 target price on Simmons First National in a report on Friday, September 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $25.00 price target on shares of Simmons First National in a report on Friday, July 17th. Piper Sandler upgraded shares of Simmons First National from an “underweight” rating to an “overweight” rating and lifted their price objective for the company from $26.00 to $27.50 in a research report on Friday, September 4th. Keefe, Bruyette & Woods upgraded shares of Simmons First National from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $25.00 to $26.00 in a research report on Thursday, September 10th. Finally, DA Davidson reissued a “neutral” rating and issued a $23.00 price objective on shares of Simmons First National in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Simmons First National currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

About Simmons First National

Simmons First National Corporation is a financial services company headquartered in Pine Bluff, Arkansas, and the parent company of Simmons Bank. Founded in 1903, the company has grown from a community bank into a regional banking organization serving businesses, individuals and institutions.

Simmons Bank provides a range of banking services, including checking and savings accounts, commercial and consumer lending, residential mortgage lending, credit cards and treasury management. The bank also offers wealth management, trust, investment and brokerage services to individuals, businesses and nonprofit organizations.

Through its branch network and digital banking platforms, Simmons Bank serves customers in Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.