Simmons First National (SFNC) Releases Earnings Results, Beats Expectations By $0.01 EPS

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Simmons First National (NASDAQ:SFNC) issued its quarterly earnings data on Monday. The bank reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01, Briefing.com reports. Simmons First National had a return on equity of 9.32% and a net margin of 21.66%.

SFNC opened at $25.64 on Tuesday. Simmons First National has a 12 month low of $25.40 and a 12 month high of $33.45. The firm has a market cap of $2.44 billion, a P/E ratio of 14.99 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.87.

The business also recently announced a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Friday, September 14th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, September 13th. This represents a $0.60 annualized dividend and a yield of 2.34%. Simmons First National’s payout ratio is 35.09%.

SFNC has been the subject of several analyst reports. BidaskClub cut Simmons First National from a “buy” rating to a “hold” rating in a research note on Saturday, June 30th. ValuEngine cut Simmons First National from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Sandler O’Neill cut Simmons First National from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Wednesday, July 25th. Zacks Investment Research cut Simmons First National from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Robert W. Baird initiated coverage on Simmons First National in a research note on Tuesday, October 16th. They set an “outperform” rating and a $34.00 target price for the company. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $33.25.

In related news, Director Russell William Teubner sold 2,928 shares of the business’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $30.25, for a total transaction of $88,572.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.76% of the company’s stock.

About Simmons First National

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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Earnings History for Simmons First National (NASDAQ:SFNC)

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