Simmons First National (SFNC) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Simmons First National (NASDAQ:SFNC) posted its quarterly earnings data on Monday. The bank reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.00 million. Simmons First National had a return on equity of 10.14% and a net margin of 26.16%.
SFNC traded down $0.87 during trading on Tuesday, reaching $23.98. 4,394 shares of the company’s stock were exchanged, compared to its average volume of 416,493. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.00 and a current ratio of 1.00. Simmons First National has a fifty-two week low of $22.64 and a fifty-two week high of $33.45. The firm has a market capitalization of $2.32 billion, a PE ratio of 10.11 and a beta of 1.07.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Simmons First National’s previous quarterly dividend of $0.15. Simmons First National’s payout ratio is currently 27.00%.
In other Simmons First National news, CEO George Makris, Jr. bought 10,000 shares of the stock in a transaction on Wednesday, January 30th. The stock was purchased at an average price of $24.85 per share, with a total value of $248,500.00. Following the acquisition, the chief executive officer now owns 220,766 shares of the company’s stock, valued at $5,486,035.10. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.02% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pearl River Capital LLC bought a new position in shares of Simmons First National during the fourth quarter worth $27,000. Oregon Public Employees Retirement Fund bought a new position in shares of Simmons First National during the fourth quarter worth $35,000. Meeder Asset Management Inc. bought a new position in shares of Simmons First National during the first quarter worth $89,000. PNC Financial Services Group Inc. boosted its position in shares of Simmons First National by 61.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,098 shares of the bank’s stock worth $99,000 after purchasing an additional 1,556 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of Simmons First National during the fourth quarter worth $102,000. 22.68% of the stock is owned by hedge funds and other institutional investors.
Simmons First National Company Profile
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
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