Simmons First National (NASDAQ:SFNC) Releases Earnings Results

Simmons First National (NASDAQ:SFNC) announced its earnings results on Tuesday. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03, Briefing.com reports. The company had revenue of $208.50 million for the quarter, compared to analyst estimates of $208,673.17 billion. Simmons First National had a net margin of 10.46% and a return on equity of 5.12%. Simmons First National’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share.

Simmons First National Price Performance

Shares of SFNC opened at $22.36 on Thursday. The stock has a market cap of $2.81 billion, a P/E ratio of 18.48 and a beta of 0.87. The stock’s 50-day moving average price is $23.24 and its two-hundred day moving average price is $22.01. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. Simmons First National has a 1 year low of $16.03 and a 1 year high of $25.95.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.76%. Simmons First National’s dividend payout ratio (DPR) is presently 69.42%.

Wall Street Analyst Weigh In

A number of research analysts have commented on SFNC shares. StockNews.com upgraded Simmons First National from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Stephens raised Simmons First National from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $27.00 to $28.00 in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.00.

Insider Activity at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 5,090 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $25.25, for a total value of $128,522.50. Following the completion of the sale, the chief accounting officer now directly owns 64,966 shares in the company, valued at $1,640,391.50. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert A. Fehlman sold 15,270 shares of Simmons First National stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $24.02, for a total value of $366,785.40. Following the transaction, the chief executive officer now owns 156,357 shares in the company, valued at $3,755,695.14. This trade represents a 8.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,800 shares of company stock worth $1,136,650. 1.91% of the stock is currently owned by company insiders.

About Simmons First National

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. The company 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; treasury management; insurance products; and securities and investment services.