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

Simmons First National Co. (NASDAQ:SFNC) – Investment analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Simmons First National in a note issued to investors on Thursday, April 25th. DA Davidson analyst G. Tenner expects that the bank will post earnings of $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.

Other equities research analysts have also issued reports about the stock. Stephens decreased 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. Robert W. Baird raised their price objective on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, 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 report on Thursday. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, Simmons First National presently has an average rating of “Hold” and a consensus target price of $21.00.

Simmons First National Price Performance

Shares of SFNC opened at $17.50 on Friday. The firm has a market capitalization of $2.19 billion, a PE ratio of 13.16 and a beta of 0.87. The stock’s 50 day moving average is $18.75 and its two-hundred day moving average is $17.99. Simmons First National has a twelve month low of $13.36 and a twelve month high of $20.82. 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 (NASDAQ:SFNC) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $195.10 million for the quarter, compared to analyst estimates 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 was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share.

Simmons First National Announces Dividend

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

Hedge Funds Weigh In On Simmons First National

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in Simmons First National in the fourth quarter valued at about $29,000. Briaud Financial Planning Inc acquired a new stake in shares of Simmons First National during the 3rd quarter valued at approximately $81,000. TFO Wealth Partners LLC lifted its stake 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 purchasing an additional 10,006 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Simmons First National by 1,314.8% during the third quarter. Nisa Investment Advisors LLC now owns 12,875 shares of the bank’s stock worth $218,000 after purchasing an additional 11,965 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Simmons First National in the third quarter worth $219,000. Institutional investors and hedge funds 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.