Simmons First National Co. (SFNC) To Go Ex-Dividend on September 13th

Simmons First National Co. (NASDAQ:SFNC) announced a quarterly dividend on Tuesday, July 23rd, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.21 per share by the bank on Tuesday, October 1st. This represents a $0.84 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Friday, September 13th.

Simmons First National has a payout ratio of 55.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Simmons First National to earn $1.52 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 55.3%.

Simmons First National Stock Performance

Shares of NASDAQ SFNC opened at $20.48 on Wednesday. The stock has a market cap of $2.57 billion, a PE ratio of 15.40 and a beta of 0.87. Simmons First National has a 1 year low of $13.36 and a 1 year high of $22.29. The firm has a fifty day moving average price of $20.10 and a 200-day moving average price of $18.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.80 and a quick ratio of 0.80.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $372.44 million during the quarter, compared to analyst estimates of $197.30 million. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. During the same quarter in the prior year, the company posted $0.48 earnings per share. Equities analysts anticipate that Simmons First National will post 1.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SFNC has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Stephens increased their target price on Simmons First National from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. StockNews.com cut shares of Simmons First National from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Finally, Keefe, Bruyette & Woods upped 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 note on Thursday, July 25th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.75.

Insider Transactions at Simmons First National

In other news, CAO David W. Garner sold 3,600 shares of the firm’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 transaction of $76,356.00. Following the transaction, the chief accounting officer now directly owns 64,966 shares of the company’s stock, valued at $1,377,928.86. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Simmons First National news, CEO Robert A. Fehlman sold 8,680 shares of the 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 directly owns 156,357 shares in the company, valued at approximately $3,428,909.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO David W. Garner sold 3,600 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $21.21, for a total transaction of $76,356.00. Following the completion of the sale, the chief accounting officer now owns 64,966 shares of the company’s stock, valued at approximately $1,377,928.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,700 shares of company stock worth $728,952. Insiders own 1.91% of the company’s stock.

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.