Simmons First National Co. (NASDAQ:SFNC) declared a quarterly dividend on Thursday, October 25th, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.15 per share by the bank on Friday, January 4th. This represents a $0.60 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 13th.

Simmons First National has increased its dividend payment by an average of 4.4% annually over the last three years and has raised its dividend every year for the last 6 years. Simmons First National has a dividend payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Simmons First National to earn $2.50 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 24.0%.

Shares of NASDAQ SFNC opened at $27.02 on Friday. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 12.08 and a beta of 1.02. Simmons First National has a one year low of $24.58 and a one year high of $33.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.01 and a current ratio of 1.01.

Simmons First National (NASDAQ:SFNC) last issued its earnings results on Monday, October 22nd. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. The company had revenue of $176.69 million for the quarter, compared to analyst estimates of $175.20 million. Simmons First National had a net margin of 22.55% and a return on equity of 9.66%. Analysts forecast that Simmons First National will post 2.38 EPS for the current year.

Several equities research analysts have commented on SFNC shares. Robert W. Baird started coverage on shares of Simmons First National in a research report on Tuesday, October 16th. They set an “outperform” rating and a $34.00 target price on the stock. Zacks Investment Research lowered shares of Simmons First National from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. BidaskClub upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Stephens set a $34.00 target price on shares of Simmons First National and gave the stock a “buy” rating in a research report on Monday, October 22nd. Finally, ValuEngine lowered shares of Simmons First National from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Simmons First National currently has a consensus rating of “Hold” and an average price target of $32.60.

In related news, EVP Patrick A. Burrow bought 1,500 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were bought at an average cost of $27.65 per share, for a total transaction of $41,475.00. Following the transaction, the executive vice president now owns 31,829 shares of the company’s stock, valued at $880,071.85. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.76% of the stock is currently owned by insiders.

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Simmons First National Company Profile

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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Dividend History for Simmons First National (NASDAQ:SFNC)

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