Simmons First National Co. Expected to Earn Q1 2024 Earnings of $0.31 Per Share (NASDAQ:SFNC)

Simmons First National Co. (NASDAQ:SFNC) – Equities researchers at DA Davidson decreased their Q1 2024 earnings per share (EPS) estimates for shares of Simmons First National in a research note issued to investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now anticipates that the bank will earn $0.31 per share for the quarter, down from their prior forecast of $0.33. The consensus estimate for Simmons First National’s current full-year earnings is $1.42 per share. DA Davidson also issued estimates for Simmons First National’s FY2025 earnings at $1.58 EPS.

Simmons First National (NASDAQ:SFNC) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $197.80 million for the quarter, compared to the consensus estimate of $204.25 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 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS.

A number of other research analysts also recently weighed in on the company. StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Robert W. Baird raised their price objective on Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th.

Simmons First National Stock Performance

SFNC stock opened at $17.46 on Thursday. The business’s fifty day moving average is $18.77 and its 200-day moving average is $17.93. 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 cap of $2.19 billion, a P/E ratio of 12.65 and a beta of 0.87. Simmons First National has a twelve month low of $13.36 and a twelve month high of $20.82.

Institutional Trading of Simmons First National

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in Simmons First National during the 4th quarter worth $29,000. US Bancorp DE raised its stake in Simmons First National by 371.9% during the 4th quarter. US Bancorp DE now owns 1,897 shares of the bank’s stock worth $38,000 after buying an additional 1,495 shares during the period. Briaud Financial Planning Inc bought a new position in Simmons First National during the 3rd quarter worth about $81,000. Quantbot Technologies LP bought a new position in Simmons First National during the 2nd quarter worth about $153,000. Finally, TFO Wealth Partners LLC increased its holdings in Simmons First National by 250,150.0% during the 4th quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock worth $199,000 after purchasing an additional 10,006 shares in the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.

Simmons First National Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Simmons First National’s previous quarterly dividend of $0.20. Simmons First National’s dividend payout ratio (DPR) is presently 60.87%.

Simmons First National Company Profile

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.