Simmons First National Co. (NASDAQ:SFNC) to Issue $0.21 Quarterly Dividend

Simmons First National Co. (NASDAQ:SFNC) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.21 per share by the bank on Monday, July 1st. This represents a $0.84 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Friday, June 14th.

Simmons First National has increased its dividend by an average of 5.6% annually over the last three years and has raised its dividend every year for the last 13 years. Simmons First National has a dividend payout ratio of 51.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Simmons First National to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 51.5%.

Simmons First National Trading Down 5.2 %

Shares of NASDAQ:SFNC traded down $0.94 during midday trading on Thursday, reaching $17.29. The company had a trading volume of 51,286 shares, compared to its average volume of 511,309. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.77. Simmons First National has a 1-year low of $13.36 and a 1-year high of $20.82. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 12.39 and a beta of 0.87. The company has a fifty day simple moving average of $18.79 and a two-hundred day simple moving average of $17.98.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Simmons First National had a return on equity of 6.19% and a net margin of 12.82%. The firm had revenue of $195.10 million during the quarter, compared to analyst estimates of $202.35 million. During the same period last year, the company posted $0.37 EPS. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. Research analysts predict that Simmons First National will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods reduced their price target on Simmons First National from $21.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday. Finally, StockNews.com lowered Simmons First National from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.00.

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.