Simmons First National Co. (NASDAQ:SFNC) announced a quarterly dividend on Tuesday, July 28th, Zacks reports. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.17 per share by the bank on Monday, October 5th. This represents a $0.68 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Monday, September 14th.
Simmons First National has raised its dividend payment by an average of 33.3% per year over the last three years and has raised its dividend every year for the last 8 years. Simmons First National has a dividend payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Simmons First National to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 39.8%.
Shares of NASDAQ:SFNC traded down $0.55 during mid-day trading on Thursday, hitting $16.84. 7,155 shares of the company traded hands, compared to its average volume of 553,113. The firm has a market cap of $1.83 billion, a P/E ratio of 6.82 and a beta of 0.97. Simmons First National has a 52-week low of $13.75 and a 52-week high of $27.29. The firm’s 50 day simple moving average is $16.53 and its 200 day simple moving average is $19.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 0.99.
Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings data on Tuesday, July 21st. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.25. Simmons First National had a net margin of 25.20% and a return on equity of 10.25%. The company had revenue of $213.91 million for the quarter, compared to analyst estimates of $201.13 million. During the same quarter last year, the firm posted $0.68 earnings per share. Equities research analysts expect that Simmons First National will post 1.95 EPS for the current fiscal year.
In related news, CEO George Makris, Jr. bought 10,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $14.77 per share, with a total value of $147,700.00. Following the completion of the transaction, the chief executive officer now directly owns 441,346 shares of the company’s stock, valued at $6,518,680.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Makris, Jr. purchased 9,000 shares of Simmons First National stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of $16.37 per share, with a total value of $147,330.00. Following the acquisition, the chief executive officer now owns 431,346 shares of the company’s stock, valued at approximately $7,061,134.02. The disclosure for this purchase can be found here. Insiders acquired 29,000 shares of company stock worth $462,230 in the last three months. 1.60% of the stock is currently owned by corporate insiders.
A number of equities analysts have commented on the stock. ValuEngine lowered shares of Simmons First National from a “sell” rating to a “strong sell” rating in a report on Thursday, April 2nd. Zacks Investment Research raised Simmons First National from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. BidaskClub lowered shares of Simmons First National from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Finally, Raymond James raised shares of Simmons First National from a “market perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a report on Wednesday, June 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.00.
About Simmons First National
Simmons First National Corporation operates as the holding company for Simmons Bank that provides financial products and services to individuals and businesses. It offers checking, savings, and time deposits; loan products, including consumer, real estate, commercial, agricultural, equipment, and SBA lending; personal and corporate trust services; credit cards; investment management products; insurance products; and securities and investment services.
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