DA Davidson Weighs in on Simmons First National Co.’s Q2 2024 Earnings (NASDAQ:SFNC)

Simmons First National Co. (NASDAQ:SFNC) – Research analysts at DA Davidson issued their Q2 2024 EPS estimates for Simmons First National in a note issued to investors on Thursday, April 25th. DA Davidson analyst G. Tenner anticipates that the bank will earn $0.30 per share for the quarter. The consensus estimate for Simmons First National’s current full-year earnings is $1.35 per share. DA Davidson also issued estimates for Simmons First National’s FY2025 earnings at $1.52 EPS.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The company had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $202.35 million. Simmons First National had a net margin of 11.97% and a return on equity of 5.94%. Simmons First National’s revenue was down 12.8% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS.

Several other analysts also recently commented on the stock. Stephens cut their price objective on shares of Simmons First National from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday. StockNews.com cut shares of Simmons First National from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods reduced their price target on shares of Simmons First National from $21.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, Robert W. Baird upped their price objective on Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, Simmons First National currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Simmons First National Trading Down 2.0 %

Simmons First National stock opened at $17.50 on Friday. Simmons First National has a 12 month low of $13.36 and a 12 month high of $20.82. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 13.16 and a beta of 0.87. The business’s fifty day simple moving average is $18.75 and its two-hundred day simple moving average is $17.99. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.36.

Simmons First National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, June 14th. This represents a $0.84 annualized dividend and a yield of 4.80%. Simmons First National’s dividend payout ratio (DPR) is 63.16%.

Institutional Investors Weigh In On Simmons First National

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Denali Advisors LLC bought a new stake in Simmons First National during the 1st quarter worth approximately $3,577,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Simmons First National during the 1st quarter valued at $227,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of Simmons First National by 48.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 31,547 shares of the bank’s stock valued at $631,000 after buying an additional 10,312 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Simmons First National by 0.5% in the 4th quarter. Fisher Asset Management LLC now owns 532,415 shares of the bank’s stock worth $10,563,000 after buying an additional 2,415 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Simmons First National by 54.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 992,678 shares of the bank’s stock worth $19,695,000 after buying an additional 349,534 shares in the last quarter. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

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.