DA Davidson Has Negative Forecast for SFNC FY2025 Earnings

Simmons First National Co. (NASDAQ:SFNC) – Research analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of Simmons First National in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the bank will earn $1.58 per share for the year, down from their previous estimate of $1.59. The consensus estimate for Simmons First National’s current full-year earnings is $1.66 per share. DA Davidson also issued estimates for Simmons First National’s FY2025 earnings at $1.58 EPS.

Separately, Stephens reduced their target price on Simmons First National from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd.

Simmons First National Trading Down 3.1 %

Simmons First National stock opened at $18.26 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a 50-day simple moving average of $21.43 and a 200 day simple moving average of $22.43. The stock has a market capitalization of $2.30 billion, a P/E ratio of 15.09 and a beta of 0.84. Simmons First National has a 52 week low of $16.03 and a 52 week high of $25.95.

Simmons First National (NASDAQ:SFNC) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $208.50 million during the quarter, compared to analysts’ expectations of $208.67 million. Simmons First National had a net margin of 10.46% and a return on equity of 5.10%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 earnings per share.

Simmons First National Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.2125 dividend. This is a boost from Simmons First National’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a yield of 4.65%. The ex-dividend date was Friday, March 14th. Simmons First National’s dividend payout ratio is currently 70.25%.

Institutional Investors Weigh In On Simmons First National

A number of institutional investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in Simmons First National by 5.5% during the 3rd quarter. FMR LLC now owns 7,778 shares of the bank’s stock worth $168,000 after purchasing an additional 403 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Simmons First National by 0.7% during the fourth quarter. Cresset Asset Management LLC now owns 76,711 shares of the bank’s stock worth $1,718,000 after buying an additional 546 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Simmons First National by 6.3% in the fourth quarter. CIBC Asset Management Inc now owns 12,581 shares of the bank’s stock valued at $279,000 after acquiring an additional 751 shares during the period. HighTower Advisors LLC grew its stake in shares of Simmons First National by 4.3% in the fourth quarter. HighTower Advisors LLC now owns 19,600 shares of the bank’s stock valued at $435,000 after acquiring an additional 812 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in Simmons First National by 4.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 27,396 shares of the bank’s stock worth $613,000 after acquiring an additional 1,049 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.