What is DA Davidson’s Estimate for SFNC Q4 Earnings?

Simmons First National Co. (NASDAQ:SFNC) – Research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Simmons First National in a report released on Tuesday, October 22nd. DA Davidson analyst G. Tenner forecasts that the bank will earn $0.36 per share for the quarter. The consensus estimate for Simmons First National’s current full-year earnings is $1.30 per share.

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

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

Simmons First National Stock Performance

NASDAQ SFNC opened at $23.45 on Wednesday. The firm has a market capitalization of $2.94 billion, a P/E ratio of 22.99 and a beta of 0.87. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $21.44 and its two-hundred day moving average price is $19.38. Simmons First National has a 1 year low of $13.36 and a 1 year high of $23.74.

Insider Buying and Selling

In other Simmons First National news, CAO David W. Garner sold 3,600 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $21.21, for a total transaction of $76,356.00. Following the transaction, the chief accounting officer now owns 64,966 shares in the company, valued at $1,377,928.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Simmons First National

Institutional investors and hedge funds have recently modified their holdings of the business. Denali Advisors LLC acquired a new position in shares of Simmons First National during the 1st quarter worth approximately $3,577,000. Public Employees Retirement System of Ohio grew its position in Simmons First National by 3,808.6% during the first quarter. Public Employees Retirement System of Ohio now owns 95,839 shares of the bank’s stock worth $1,865,000 after buying an additional 93,387 shares in the last quarter. Sei Investments Co. increased its stake in Simmons First National by 17.1% during the 1st quarter. Sei Investments Co. now owns 173,229 shares of the bank’s stock worth $3,371,000 after acquiring an additional 25,316 shares during the period. BNP Paribas Financial Markets raised its holdings in Simmons First National by 90.0% in the 1st quarter. BNP Paribas Financial Markets now owns 66,037 shares of the bank’s stock valued at $1,285,000 after acquiring an additional 31,284 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Simmons First National by 50.8% during the 1st quarter. Empowered Funds LLC now owns 188,822 shares of the bank’s stock valued at $3,674,000 after acquiring an additional 63,589 shares during the period. 27.58% of the stock is currently owned by institutional investors and hedge funds.

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.