What is DA Davidson’s Forecast for SFNC FY2024 Earnings?

Simmons First National Co. (NASDAQ:SFNC) – DA Davidson lifted their FY2024 earnings estimates for Simmons First National in a note issued to investors on Tuesday, October 22nd. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $1.38 for the year, up from their prior estimate of $1.32. The consensus estimate for Simmons First National’s current full-year earnings is $1.30 per share. DA Davidson also issued estimates for Simmons First National’s FY2025 earnings at $1.56 EPS.

SFNC has been the subject of a number of other reports. Piper Sandler increased their price objective on Simmons First National from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. StockNews.com raised shares of Simmons First National from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Stephens upgraded shares of Simmons First National from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $27.00 to $28.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.00.

Simmons First National Stock Performance

NASDAQ SFNC opened at $23.45 on Thursday. The firm has a market cap of $2.94 billion, a P/E ratio of 22.99 and a beta of 0.87. Simmons First National has a 52-week low of $13.36 and a 52-week high of $23.74. The business’s 50-day moving average price is $21.44 and its 200 day moving average price is $19.38. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.40.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Simmons First National had a net margin of 8.94% and a return on equity of 5.15%. The company had revenue of $203.20 million for the quarter, compared to the consensus estimate of $204.91 million. During the same period last year, the firm posted $0.39 EPS. Simmons First National’s revenue for the quarter was up 3.6% on a year-over-year basis.

Insider Activity at Simmons First National

In other news, CAO David W. Garner sold 3,600 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $21.21, for a total transaction of $76,356.00. Following the transaction, the chief accounting officer now directly owns 64,966 shares of the company’s stock, valued at $1,377,928.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Simmons First National

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc grew its stake in Simmons First National by 161.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,137 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in Simmons First National by 2,045.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,888 shares of the bank’s stock worth $33,000 after buying an additional 1,800 shares in the last quarter. Profund Advisors LLC acquired a new stake in shares of Simmons First National during the second quarter valued at $183,000. Alexander Labrunerie & CO. Inc. acquired a new stake in shares of Simmons First National during the third quarter valued at $209,000. Finally, Algert Global LLC purchased a new stake in Simmons First National during the 2nd quarter worth about $222,000. 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.