Simmons First National (NASDAQ:SFNC) Announces Earnings Results

Simmons First National (NASDAQ:SFNC) released its earnings results on Thursday. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03), FiscalAI reports. The business had revenue of $248.57 million for the quarter, compared to analysts’ expectations of $250.98 million. Simmons First National had a negative net margin of 25.44% and a positive return on equity of 7.81%.

Simmons First National Stock Up 0.1%

Shares of Simmons First National stock traded up $0.02 during trading on Thursday, hitting $23.25. 3,517,989 shares of the stock traded hands, compared to its average volume of 1,277,914. The stock has a market cap of $3.37 billion, a P/E ratio of -9.08 and a beta of 0.90. The company has a fifty day moving average price of $21.90 and a two-hundred day moving average price of $20.76. Simmons First National has a twelve month low of $17.00 and a twelve month high of $23.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90.

Simmons First National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, June 15th. Simmons First National’s payout ratio is currently -33.59%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of Simmons First National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. DA Davidson reaffirmed a “neutral” rating and set a $21.00 price objective on shares of Simmons First National in a research report on Friday, April 17th. Stephens upped their price objective on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Weiss Ratings upgraded shares of Simmons First National from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Finally, National Bank Financial set a $24.00 target price on shares of Simmons First National in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Simmons First National currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Hedge Funds Weigh In On Simmons First National

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFNC. EverSource Wealth Advisors LLC lifted its stake in Simmons First National by 197.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,104 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Simmons First National by 32.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,658 shares of the bank’s stock worth $50,000 after purchasing an additional 644 shares during the last quarter. iSAM Funds UK Ltd bought a new position in shares of Simmons First National during the 4th quarter valued at $192,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Simmons First National during the 4th quarter valued at $218,000. Finally, Beacon Pointe Advisors LLC lifted its stake in shares of Simmons First National by 9.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 12,080 shares of the bank’s stock valued at $228,000 after purchasing an additional 1,007 shares during the last quarter. Institutional investors own 27.58% of the company’s stock.

Simmons First National Company Profile

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.