DA Davidson Equities Analysts Increase Earnings Estimates for Simmons First National Co. (NASDAQ:SFNC)

Simmons First National Co. (NASDAQ:SFNC) – Stock analysts at DA Davidson raised their FY2024 earnings per share (EPS) estimates for Simmons First National in a research note issued to investors on Thursday, April 25th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $1.30 per share for the year, up from their prior estimate of $1.29. The consensus estimate for Simmons First National’s current full-year earnings is $1.33 per share.

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

SFNC has been the topic of several other reports. Stephens reduced their price objective on Simmons First National from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday. StockNews.com cut Simmons First National from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reduced their price objective on Simmons First National from $21.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, Robert W. Baird boosted 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. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.00.

Simmons First National Price Performance

NASDAQ:SFNC opened at $17.50 on Monday. The business’s 50-day moving average is $18.75 and its 200 day moving average is $18.01. 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 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 P/E ratio of 13.16 and a beta of 0.87.

Simmons First National Announces Dividend

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

Institutional Trading of Simmons First National

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in Simmons First National during the fourth quarter worth $29,000. Briaud Financial Planning Inc purchased a new stake in Simmons First National during the third quarter worth $81,000. TFO Wealth Partners LLC lifted its holdings in Simmons First National by 250,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock worth $199,000 after buying an additional 10,006 shares during the period. Summit Financial Wealth Advisors LLC lifted its holdings in Simmons First National by 15.9% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 11,590 shares of the bank’s stock worth $230,000 after buying an additional 1,590 shares during the period. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Simmons First National during the first quarter worth $227,000. Hedge funds and other institutional investors own 27.58% of the company’s stock.

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.