Simmons First National Corporation (SFNC) To Go Ex-Dividend on June 15th

Simmons First National Corporation (NASDAQ:SFNC) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Monday, June 15th will be paid 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 dividend yield of 3.8%. 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 Stock Performance

Shares of SFNC stock opened at $22.51 on Friday. The company has a 50 day moving average price of $21.10 and a 200-day moving average price of $20.17. Simmons First National has a 52 week low of $17.00 and a 52 week high of $22.62. The firm has a market capitalization of $3.27 billion, a PE ratio of -8.79 and a beta of 0.91. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22.

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

Analyst Upgrades and Downgrades

SFNC has been the subject of several recent research reports. Stephens boosted their target price on shares of Simmons First National from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. 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 restated a “neutral” rating and set a $21.00 target price on shares of Simmons First National in a research report on Friday, April 17th. Morgan Stanley cut their target price on shares of Simmons First National from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.00.

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.