Simmons First National Co. (NASDAQ:SFNC) Announces $0.21 Quarterly Dividend

Simmons First National Co. (NASDAQ:SFNC) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.21 per share by the bank on Thursday, January 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.34%.

Simmons First National has increased its dividend payment by an average of 5.6% annually over the last three years and has increased its dividend every year for the last 13 years. Simmons First National has a dividend payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Simmons First National to earn $1.58 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 53.2%.

Simmons First National Trading Up 2.0 %

Shares of SFNC opened at $25.18 on Tuesday. Simmons First National has a 1-year low of $14.59 and a 1-year high of $25.95. The business’s 50-day moving average price is $22.12 and its 200 day moving average price is $19.82. The stock has a market capitalization of $3.16 billion, a P/E ratio of 24.69 and a beta of 0.86. 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 (NASDAQ:SFNC) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. The business had revenue of $203.20 million for the quarter, compared to analyst estimates of $204.91 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that Simmons First National will post 1.33 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO David W. Garner sold 3,600 shares of Simmons First National stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total value 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 approximately $1,377,928.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.91% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com raised Simmons First National from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods increased their price target on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Piper Sandler raised their price target on shares of Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. Finally, Stephens upgraded shares of Simmons First National from an “equal weight” rating to an “overweight” rating and upped their price objective 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 issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.00.

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.