Brokers Set Expectations for Simmons First National Co.’s Q1 2024 Earnings (NASDAQ:SFNC)

Simmons First National Co. (NASDAQ:SFNC) – Stock analysts at DA Davidson decreased their Q1 2024 EPS estimates for Simmons First National in a research report issued to clients and investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now expects that the bank will earn $0.31 per share for the quarter, down from their previous 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.

Several other brokerages have also issued reports on SFNC. Robert W. Baird lifted their price target on shares of 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 downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

Simmons First National Stock Performance

NASDAQ SFNC opened at $17.69 on Thursday. Simmons First National has a 52-week low of $13.36 and a 52-week high of $20.82. The stock has a market cap of $2.22 billion, a PE ratio of 12.65 and a beta of 0.87. The firm has a 50-day moving average of $18.77 and a 200-day moving average of $17.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.77.

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

Simmons First National Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.75%. This is a boost from Simmons First National’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, March 14th. Simmons First National’s dividend payout ratio is 60.87%.

Institutional Trading of Simmons First National

Several hedge funds have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. bought a new position in shares of Simmons First National during the 1st quarter valued at approximately $227,000. B. Riley Wealth Advisors Inc. increased its stake in Simmons First National by 48.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 31,547 shares of the bank’s stock worth $631,000 after purchasing an additional 10,312 shares during the period. Fisher Asset Management LLC increased its stake in Simmons First National by 0.5% in the fourth quarter. Fisher Asset Management LLC now owns 532,415 shares of the bank’s stock worth $10,563,000 after purchasing an additional 2,415 shares during the period. Goldman Sachs Group Inc. increased its stake in Simmons First National by 54.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 992,678 shares of the bank’s stock worth $19,695,000 after purchasing an additional 349,534 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Simmons First National by 5.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 71,346 shares of the bank’s stock worth $1,416,000 after purchasing an additional 3,867 shares during the period. 27.58% of the stock is owned by hedge funds and other institutional investors.

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.