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

Simmons First National (NASDAQ:SFNC - Get Free Report) released its quarterly earnings data on Wednesday. The bank reported $0.26 EPS for the quarter, missing the consensus estimate 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%. The business had revenue of $209.58 million for the quarter, compared to analysts' expectations of $209.00 million. During the same period last year, the business earned $0.32 earnings per share.

Simmons First National Stock Performance

NASDAQ:SFNC traded down $0.72 on Friday, hitting $17.39. The stock had a trading volume of 1,409,235 shares, compared to its average volume of 602,751. The business's 50-day simple moving average is $20.28 and its two-hundred day simple moving average is $22.15. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 14.37 and a beta of 0.82. Simmons First National has a 52-week low of $16.03 and a 52-week 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.

Simmons First National Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.2125 dividend. This is an increase from Simmons First National's previous quarterly dividend of $0.21. The ex-dividend date was Friday, March 14th. This represents a $0.85 dividend on an annualized basis and a yield of 4.89%. Simmons First National's dividend payout ratio is currently 70.25%.

Analyst Upgrades and Downgrades

Separately, Stephens reduced their price target on shares of 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.