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 research analysts at DA Davidson lowered their Q1 2024 earnings estimates for shares of Simmons First National in a research report issued to clients and investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $0.31 per share for the quarter, down from their prior forecast 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.

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

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird lifted their target price on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. StockNews.com downgraded shares of 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 current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. Simmons First National has a 12 month low of $13.36 and a 12 month high of $20.82. The company has a market cap of $2.31 billion, a PE ratio of 13.33 and a beta of 0.87. The company has a 50 day simple moving average of $18.77 and a two-hundred day simple moving average of $17.93.

Simmons First National Increases Dividend

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

Institutional Investors Weigh In On Simmons First National

A number of hedge funds have recently modified their holdings of SFNC. Norges Bank bought a new stake in shares of Simmons First National during the 4th quarter valued at $27,751,000. State Street Corp boosted its holdings in Simmons First National by 16.5% in the 1st quarter. State Street Corp now owns 6,418,405 shares of the bank’s stock worth $169,413,000 after buying an additional 911,143 shares during the period. Vanguard Group Inc. boosted its holdings in Simmons First National by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 13,036,376 shares of the bank’s stock worth $341,814,000 after buying an additional 677,796 shares during the period. Hsbc Holdings PLC boosted its holdings in Simmons First National by 56.4% in the 1st quarter. Hsbc Holdings PLC now owns 1,043,756 shares of the bank’s stock worth $27,649,000 after buying an additional 376,371 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in 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 period. 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.