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

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

Simmons First National Price Performance

SFNC stock opened at $23.28 on Friday. The firm has a market cap of $2.92 billion, a P/E ratio of 19.56 and a beta of 0.87. The firm’s fifty day moving average is $21.15 and its 200 day moving average is $19.26. 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 has a 52 week low of $13.36 and a 52 week high of $23.68.

Simmons First National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a $0.21 dividend. 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%.

Insiders Place Their Bets

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the company’s 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 transaction, the chief accounting officer now directly owns 64,966 shares in the company, valued at approximately $1,377,928.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO David W. Garner sold 3,600 shares of the business’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 value 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 $1,377,928.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert A. Fehlman sold 8,680 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.93, for a total transaction of $190,352.40. Following the transaction, the chief executive officer now owns 156,357 shares in the company, valued at $3,428,909.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,700 shares of company stock valued at $728,952 in the last quarter. Insiders own 1.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler boosted 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. StockNews.com lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Finally, Stephens lifted their price objective 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. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.75.

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.