FY2024 EPS Estimates for Simmons First National Co. (NASDAQ:SFNC) Increased by Analyst

Simmons First National Co. (NASDAQ:SFNC) – DA Davidson boosted their FY2024 earnings estimates for shares of Simmons First National in a research report issued to clients and investors on Thursday, April 25th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $1.30 for the year, up from their previous forecast of $1.29. The consensus estimate for Simmons First National’s current full-year earnings is $1.33 per share.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Wednesday, April 24th. The bank reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Simmons First National had a return on equity of 5.94% and a net margin of 11.97%. The company had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $202.35 million. During the same period last year, the firm earned $0.37 EPS. Simmons First National’s revenue for the quarter was down 12.8% compared to the same quarter last year.

Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods reduced their target price on shares of Simmons First National from $21.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Robert W. Baird increased their price objective on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Stephens decreased their price objective on shares of Simmons First National from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. Finally, StockNews.com downgraded shares of Simmons First National from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, Simmons First National has a consensus rating of “Hold” and a consensus price target of $21.00.

Simmons First National Stock Up 0.1 %

NASDAQ SFNC opened at $17.51 on Monday. Simmons First National has a 52 week low of $13.36 and a 52 week high of $20.82. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.19 billion, a P/E ratio of 13.17 and a beta of 0.87. The stock’s 50-day moving average price is $18.72 and its 200-day moving average price is $18.01.

Hedge Funds Weigh In On Simmons First National

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Simmons First National in the third quarter worth about $985,000. Commonwealth Equity Services LLC raised its holdings in shares of Simmons First National by 0.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 214,262 shares of the bank’s stock worth $3,634,000 after acquiring an additional 1,187 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Simmons First National by 35.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,968 shares of the bank’s stock worth $373,000 after acquiring an additional 5,697 shares in the last quarter. Strs Ohio boosted its position in shares of Simmons First National by 110.0% during the 3rd quarter. Strs Ohio now owns 42,200 shares of the bank’s stock valued at $715,000 after acquiring an additional 22,100 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Simmons First National by 5.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,729 shares of the bank’s stock valued at $945,000 after purchasing an additional 3,023 shares in the last quarter. Institutional investors own 27.58% of the company’s stock.

Simmons First National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, June 14th. Simmons First National’s dividend payout ratio (DPR) is currently 63.16%.

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.