Simmons First National Co. Announces Quarterly Dividend of $0.21 (NASDAQ:SFNC)

Simmons First National Co. (NASDAQ:SFNC) announced 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 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Friday, June 14th.

Simmons First National has raised its dividend payment by an average of 5.6% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Simmons First National has a payout ratio of 51.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Simmons First National stock opened at $18.23 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $2.28 billion, a P/E ratio of 13.21 and a beta of 0.87. The stock’s 50 day moving average is $18.79 and its 200 day moving average is $17.98. Simmons First National has a twelve month low of $13.36 and a twelve month high of $20.82.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $202.35 million. Simmons First National had a return on equity of 6.19% and a net margin of 12.82%. The firm’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. On average, equities research analysts predict that Simmons First National will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on SFNC. StockNews.com cut Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Robert W. Baird increased 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.

About Simmons First National

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.