Simmons First National (NASDAQ:SFNC) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Simmons First National (NASDAQ:SFNC) released its earnings results on Wednesday. The bank reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10), Zacks reports. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%.

Simmons First National Trading Down 0.9 %

Shares of NASDAQ:SFNC traded down $0.17 on Wednesday, hitting $18.11. The company had a trading volume of 1,053,998 shares, compared to its average volume of 596,422. Simmons First National has a 1 year low of $13.98 and a 1 year high of $25.95. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $20.60 and its two-hundred day simple moving average is $22.22. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 14.97 and a beta of 0.82.

Simmons First National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Simmons First National’s previous quarterly dividend of $0.21. Simmons First National’s dividend payout ratio is currently 70.25%.

Analysts Set New Price Targets

Separately, Stephens dropped their price objective on Simmons First National from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd.

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.