Simmons First National (NASDAQ:SFNC – Get Rating) issued its quarterly earnings results on Thursday. The bank reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.08, MarketWatch Earnings reports. The company had revenue of $207.74 million during the quarter, compared to the consensus estimate of $202.14 million. Simmons First National had a return on equity of 9.09% and a net margin of 31.31%. Simmons First National’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS.
NASDAQ SFNC traded down $0.89 during trading hours on Friday, hitting $23.87. The company had a trading volume of 846,316 shares, compared to its average volume of 1,275,426. Simmons First National has a fifty-two week low of $22.89 and a fifty-two week high of $32.76. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 9.82 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.69 and a quick ratio of 0.69. The firm’s 50 day moving average is $26.76 and its 200 day moving average is $28.93.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Wednesday, June 15th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $0.76 annualized dividend and a yield of 3.18%. Simmons First National’s dividend payout ratio is currently 31.28%.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Simmons First National from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, April 1st. StockNews.com assumed coverage on Simmons First National in a report on Thursday, March 31st. They set a “hold” rating for the company.
About Simmons First National (Get Rating)
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. It 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; insurance products; and securities and investment services.
- Get a free copy of the StockNews.com research report on Simmons First National (SFNC)
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