Simmons First National Co. (NASDAQ:SFNC) to Post Q1 2024 Earnings of $0.31 Per Share, DA Davidson Forecasts

Simmons First National Co. (NASDAQ:SFNC) – Equities researchers at DA Davidson decreased their Q1 2024 earnings per share estimates for shares of Simmons First National in a research note issued to investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $0.31 for the quarter, down from their prior estimate 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.

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

Simmons First National Trading Up 4.0 %

NASDAQ SFNC opened at $18.40 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.39. Simmons First National has a twelve month low of $13.36 and a twelve month high of $20.82. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 13.33 and a beta of 0.87. The business’s fifty day moving average is $18.77 and its 200 day moving average is $17.93.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Simmons First National had a return on equity of 6.19% and a net margin of 12.82%. The company had revenue of $197.80 million for the quarter, compared to the consensus estimate of $204.25 million. During the same quarter last year, the business posted $0.64 EPS. Simmons First National’s revenue for the quarter was down 15.3% on a year-over-year basis.

Simmons First National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Thursday, March 14th. This is an increase from Simmons First National’s previous quarterly dividend of $0.20. Simmons First National’s payout ratio is presently 60.87%.

Hedge Funds Weigh In On Simmons First National

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Denali Advisors LLC purchased a new position in shares of Simmons First National in the 1st quarter worth approximately $3,577,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Simmons First National in the 1st quarter worth approximately $227,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Simmons First National by 48.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 31,547 shares of the bank’s stock worth $631,000 after buying an additional 10,312 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of 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 last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 27.58% of the company’s stock.

About Simmons First National

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.