Simmons First National Corporation (SFNC) to Issue Quarterly Dividend of $0.22 on April 1st

Simmons First National Corporation (NASDAQ:SFNC) announced a quarterly dividend on Wednesday, January 28th. Shareholders of record on Friday, March 13th will be given a dividend of 0.215 per share by the bank on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, March 13th. This is a 1.2% increase from Simmons First National’s previous quarterly dividend of $0.21.

Simmons First National has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Simmons First National has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Simmons First National to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.85 annual dividend with an expected future payout ratio of 47.0%.

Simmons First National Price Performance

Simmons First National stock opened at $19.25 on Wednesday. The firm has a fifty day moving average of $20.23 and a 200-day moving average of $19.47. The firm has a market capitalization of $2.79 billion, a P/E ratio of -6.95 and a beta of 0.91. Simmons First National has a 52-week low of $17.00 and a 52-week high of $22.17. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.18.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Tuesday, January 20th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The business had revenue of $249.00 million during the quarter, compared to the consensus estimate of $238.68 million. Simmons First National had a negative net margin of 27.83% and a positive return on equity of 6.73%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. As a group, analysts predict that Simmons First National will post 1.66 EPS for the current year.

Wall Street Analyst Weigh In

SFNC has been the topic of a number of analyst reports. Piper Sandler raised Simmons First National from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Zacks Research upgraded shares of Simmons First National from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Raymond James Financial upgraded Simmons First National from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a report on Thursday, January 22nd. DA Davidson boosted their price objective on Simmons First National from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Finally, National Bank Financial set a $21.00 target price on shares of Simmons First National in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.43.

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.