The Simmons First National Corp. (SFNC) Issues Earnings Results, Beats Estimates By $0.08 EPS

The Simmons First National Corp. (SFNC) Issues  Earnings Results, Beats Estimates By $0.08 EPS

Simmons First National Corp. (NASDAQ:SFNC) issued its earnings results on Wednesday. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.08. Simmons First National Corp. had a return on equity of 9.08% and a net margin of 21.67%.

Shares of Simmons First National Corp. (NASDAQ:SFNC) opened at 59.30 on Thursday. The company’s 50-day moving average price is $62.32 and its 200-day moving average price is $52.87. Simmons First National Corp. has a 52-week low of $38.30 and a 52-week high of $67.00. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 19.34 and a beta of 1.00.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.62%. Simmons First National Corp.’s dividend payout ratio (DPR) is presently 31.37%.

Large investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC increased its stake in Simmons First National Corp. by 7.3% in the second quarter. Parametric Portfolio Associates LLC now owns 29,565 shares of the company’s stock worth $1,365,000 after buying an additional 2,008 shares during the last quarter. Riverhead Capital Management LLC increased its stake in Simmons First National Corp. by 88.9% in the second quarter. Riverhead Capital Management LLC now owns 9,819 shares of the company’s stock worth $2,130,000 after buying an additional 4,621 shares during the last quarter. State of Tennessee Treasury Department increased its stake in Simmons First National Corp. by 3.5% in the second quarter. State of Tennessee Treasury Department now owns 22,789 shares of the company’s stock worth $1,053,000 after buying an additional 770 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Simmons First National Corp. by 5.4% in the second quarter. Thrivent Financial for Lutherans now owns 13,740 shares of the company’s stock worth $635,000 after buying an additional 710 shares during the last quarter. Finally, Stevens Capital Management LP increased its stake in Simmons First National Corp. by 53.1% in the second quarter. Stevens Capital Management LP now owns 11,497 shares of the company’s stock worth $531,000 after buying an additional 3,987 shares during the last quarter. Institutional investors own 23.94% of the company’s stock.

SFNC has been the subject of a number of recent research reports. Zacks Investment Research raised Simmons First National Corp. from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Tuesday, October 11th. Keefe, Bruyette & Woods cut Simmons First National Corp. from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a report on Wednesday, October 26th. Finally, Sandler O’Neill cut Simmons First National Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, November 22nd.

About Simmons First National Corp.

Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits.

Related posts

Leave a Comment