Simmons First National Corporation to Issue Quarterly Dividend of $0.22 (NASDAQ:SFNC)

Simmons First National Corporation (NASDAQ:SFNC) declared a quarterly dividend on Thursday, May 28th. Shareholders of record on Monday, June 15th will be given a dividend of 0.215 per share by the bank on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, June 15th.

Simmons First National has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 14 years. Simmons First National has a payout ratio of 46.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Simmons First National to earn $2.19 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 39.3%.

Simmons First National Trading Up 0.6%

NASDAQ SFNC opened at $21.48 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $3.12 billion, a PE ratio of -8.39 and a beta of 0.92. Simmons First National has a one year low of $17.00 and a one year high of $22.17. The firm’s fifty day moving average is $20.55 and its two-hundred day moving average is $19.89.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Thursday, April 16th. The bank reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $241.37 million for the quarter, compared to analyst estimates of $243.02 million. Simmons First National had a negative net margin of 25.44% and a positive return on equity of 7.81%. Simmons First National’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. Analysts expect that Simmons First National will post 2.08 earnings per share for the current year.

Simmons First National declared that its board has approved a share repurchase plan on Tuesday, February 17th that allows the company to repurchase $175.00 million in outstanding shares. This repurchase authorization allows the bank to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

About Simmons First National

Simmons First National Corporation (NASDAQ:SFNC) is a bank holding company headquartered in Pine Bluff, Arkansas. Through its primary operating subsidiary, Simmons Bank, the company maintains a network of more than 200 branches across Arkansas, Tennessee, Missouri, Mississippi, Texas, Oklahoma and North Carolina. Simmons First National offers a full suite of financial services to individuals, small businesses and commercial clients, emphasizing relationship-driven community banking.

The company’s core business activities span deposit-taking, lending and payment services.