Simmons First National Co. Expected to Earn Q1 2024 Earnings of $0.31 Per Share (NASDAQ:SFNC)

Simmons First National Co. (NASDAQ:SFNC) – Equities researchers at DA Davidson lowered their Q1 2024 earnings per share estimates for shares of Simmons First National in a research report issued on Wednesday, April 17th. DA Davidson analyst G. Tenner now expects that the bank will post earnings per share of $0.31 for the quarter, down from their previous estimate 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 issued its earnings results on Wednesday, January 24th. The bank reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $197.80 million during the quarter, compared to analyst estimates of $204.25 million. Simmons First National had a return on equity of 6.19% and a net margin of 12.82%. The business’s revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS.

SFNC has been the subject of a number of other research reports. StockNews.com lowered Simmons First National from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Robert W. Baird boosted their price objective on Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th.

Simmons First National Trading Down 0.2 %

NASDAQ:SFNC opened at $17.46 on Thursday. Simmons First National has a 12-month low of $13.36 and a 12-month high of $20.82. The firm has a market capitalization of $2.19 billion, a P/E ratio of 12.65 and a beta of 0.87. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.77 and a quick ratio of 0.77. The business has a 50 day simple moving average of $18.77 and a 200 day simple moving average of $17.93.

Simmons First National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.84 annualized dividend and a yield of 4.81%. This is an increase from Simmons First National’s previous quarterly dividend of $0.20. Simmons First National’s payout ratio is presently 60.87%.

Institutional Trading of Simmons First National

Several hedge funds have recently added to or reduced their stakes in SFNC. GAMMA Investing LLC bought a new stake in Simmons First National during the 4th quarter valued at $29,000. US Bancorp DE raised its stake in Simmons First National by 371.9% during the 4th quarter. US Bancorp DE now owns 1,897 shares of the bank’s stock valued at $38,000 after acquiring an additional 1,495 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in Simmons First National during the 3rd quarter valued at $81,000. Quantbot Technologies LP bought a new stake in Simmons First National during the 2nd quarter valued at $153,000. Finally, Ameritas Investment Partners Inc. raised its stake in Simmons First National by 11.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,435 shares of the bank’s stock valued at $180,000 after acquiring an additional 1,049 shares in the last quarter. 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.