Simmons First National (NASDAQ:SFNC) Posts Earnings Results, Beats Estimates By $0.04 EPS

Simmons First National (NASDAQ:SFNC) released its quarterly earnings results on Friday. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04, Briefing.com reports. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. The business had revenue of $203.20 million during the quarter, compared to the consensus estimate of $204.91 million. During the same period in the previous year, the company posted $0.39 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis.

Simmons First National Trading Down 0.1 %

NASDAQ:SFNC opened at $23.28 on Friday. Simmons First National has a 52 week low of $13.36 and a 52 week high of $23.68. The firm’s fifty day moving average is $21.15 and its 200-day moving average is $19.26. The firm has a market cap of $2.92 billion, a P/E ratio of 19.56 and a beta of 0.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.80.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a dividend of $0.21 per share. The ex-dividend date was Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.61%. Simmons First National’s dividend payout ratio (DPR) is 70.59%.

Analyst Upgrades and Downgrades

SFNC has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Stephens boosted their price target on Simmons First National from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Piper Sandler raised their price objective on Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, July 26th. Finally, StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.75.

Insider Activity

In other news, CAO David W. Garner sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total transaction of $76,356.00. Following the completion of the sale, the chief accounting officer now owns 64,966 shares of the company’s stock, valued at $1,377,928.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Simmons First National news, CEO Robert A. Fehlman sold 8,680 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $21.93, for a total value of $190,352.40. Following the transaction, the chief executive officer now directly owns 156,357 shares of the company’s stock, valued at approximately $3,428,909.01. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David W. Garner sold 3,600 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $21.21, for a total transaction of $76,356.00. Following the completion of the transaction, the chief accounting officer now directly owns 64,966 shares in the company, valued at approximately $1,377,928.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,700 shares of company stock valued at $728,952 in the last ninety days. 1.91% of the stock is owned by company insiders.

Simmons First National Company Profile

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.