Simmons First National Corporation (SFNC) to Distribute Quarterly Dividend of $0.21 on October 1st

Simmons First National Corporation (NASDAQ:SFNC) announced a quarterly dividend on Thursday, August 20th. Investors 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) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Simmons First National has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 14 years. Simmons First National has a dividend payout ratio of 46.0% indicating that 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 Trading Up 0.1%

Shares of SFNC stock opened at $23.01 on Friday. The business has a 50-day moving average of $23.04 and a 200 day moving average of $21.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.93 and a quick ratio of 0.92. Simmons First National has a 1-year low of $17.00 and a 1-year high of $24.32. The stock has a market capitalization of $3.33 billion, a PE ratio of -9.09 and a beta of 0.91.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Thursday, July 16th. The bank reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the firm earned $0.44 earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Simmons First National will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Simmons First National in a research note on Friday, July 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Simmons First National in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods raised their price target on shares of Simmons First National from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, July 20th. Morgan Stanley restated a “positive” rating on shares of Simmons First National in a research report on Monday, June 29th. Finally, National Bank Financial set a $25.00 price objective on shares of Simmons First National in a research note on Monday, July 20th. 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. Based on data from MarketBeat, Simmons First National presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.50.

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.