DA Davidson Equities Analysts Lower Earnings Estimates for Simmons First National Co. (NASDAQ:SFNC)

Simmons First National Co. (NASDAQ:SFNC) – Equities research analysts at DA Davidson cut their FY2024 earnings per share (EPS) estimates for shares of Simmons First National in a report released on Thursday, October 3rd. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $1.32 per share for the year, down from their previous forecast of $1.35. The consensus estimate for Simmons First National’s current full-year earnings is $1.32 per share. DA Davidson also issued estimates for Simmons First National’s FY2025 earnings at $1.53 EPS.

Several other research analysts also recently weighed in on SFNC. Piper Sandler boosted their price target on Simmons First National from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Friday, July 26th. Stephens boosted their price target on Simmons First National from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. StockNews.com downgraded Simmons First National from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on Simmons First National from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.75.

Simmons First National Trading Up 1.7 %

Shares of Simmons First National stock opened at $21.51 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.80 and a quick ratio of 0.80. Simmons First National has a 1 year low of $13.36 and a 1 year high of $22.45. The company has a market capitalization of $2.70 billion, a P/E ratio of 16.17 and a beta of 0.87. The business has a 50 day moving average price of $20.70 and a 200 day moving average price of $19.03.

Simmons First National (NASDAQ:SFNC) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. Simmons First National had a return on equity of 5.33% and a net margin of 10.49%. The firm had revenue of $372.44 million during the quarter, compared to the consensus estimate of $197.30 million. During the same period in the previous year, the firm posted $0.48 EPS.

Simmons First National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.21 per share. The ex-dividend date was Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.91%. Simmons First National’s dividend payout ratio (DPR) is 63.16%.

Insider Buying and Selling at Simmons First National

In other Simmons First National news, Chairman George Makris, Jr. sold 21,420 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.58, for a total value of $462,243.60. Following the completion of the transaction, the chairman now directly owns 608,347 shares of the company’s stock, valued at $13,128,128.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Simmons First National news, Chairman George Makris, Jr. sold 21,420 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.58, for a total value of $462,243.60. Following the completion of the transaction, the chairman now directly owns 608,347 shares of the company’s stock, valued at $13,128,128.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert A. Fehlman sold 8,680 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.93, for a total transaction of $190,352.40. Following the completion of the transaction, the chief executive officer now directly owns 156,357 shares of the company’s stock, valued at approximately $3,428,909.01. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,700 shares of company stock valued at $728,952 in the last ninety days. Insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Simmons First National

Several large investors have recently modified their holdings of the stock. 1900 Wealth Management LLC raised its stake in Simmons First National by 1.1% during the second quarter. 1900 Wealth Management LLC now owns 48,948 shares of the bank’s stock worth $860,000 after acquiring an additional 533 shares during the period. Arizona State Retirement System raised its stake in Simmons First National by 2.0% during the second quarter. Arizona State Retirement System now owns 35,085 shares of the bank’s stock worth $617,000 after acquiring an additional 686 shares during the period. Louisiana State Employees Retirement System raised its stake in Simmons First National by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 63,100 shares of the bank’s stock worth $1,109,000 after acquiring an additional 1,100 shares during the period. Versant Capital Management Inc raised its stake in Simmons First National by 161.0% during the second quarter. Versant Capital Management Inc now owns 1,843 shares of the bank’s stock worth $32,000 after acquiring an additional 1,137 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its stake in Simmons First National by 1.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 73,077 shares of the bank’s stock worth $1,285,000 after acquiring an additional 1,186 shares during the period. Institutional investors own 27.58% of the company’s stock.

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.