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

Simmons First National Co. (NASDAQ:SFNCFree Report) – Research analysts at DA Davidson issued their Q1 2024 EPS estimates for Simmons First National in a report released on Friday, January 26th. DA Davidson analyst G. Tenner expects that the bank will post earnings of $0.33 per share for the quarter. The consensus estimate for Simmons First National’s current full-year earnings is $1.36 per share.

Several other research firms have also issued reports on SFNC. Stephens lowered their price target on shares of Simmons First National from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 25th. Robert W. Baird upped their target price on shares of Simmons First National from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Finally, StockNews.com raised shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Thursday, January 25th.

Check Out Our Latest Research Report on Simmons First National

Simmons First National Stock Performance

NASDAQ SFNC opened at $20.13 on Monday. The company’s 50 day moving average is $18.65 and its 200-day moving average is $17.69. Simmons First National has a 12-month low of $13.36 and a 12-month high of $23.68. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.52 billion, a P/E ratio of 14.59 and a beta of 0.87.

Simmons First National (NASDAQ:SFNCGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. The business had revenue of $197.80 million for the quarter, compared to analyst estimates of $204.25 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was down 15.3% on a year-over-year basis.

Simmons First National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Simmons First National’s previous quarterly dividend of $0.20. Simmons First National’s payout ratio is currently 57.97%.

Hedge Funds Weigh In On Simmons First National

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Simmons First National by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 15,258,997 shares of the bank’s stock worth $332,494,000 after buying an additional 135,615 shares in the last quarter. State Street Corp boosted its stake in shares of Simmons First National by 5.0% in the 2nd quarter. State Street Corp now owns 6,736,788 shares of the bank’s stock valued at $144,446,000 after purchasing an additional 318,383 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Simmons First National by 1.0% in the 2nd quarter. Northern Trust Corp now owns 4,906,649 shares of the bank’s stock valued at $84,640,000 after purchasing an additional 50,603 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Simmons First National by 4.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,610,050 shares of the bank’s stock valued at $45,023,000 after purchasing an additional 109,728 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Simmons First National by 0.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,730,052 shares of the bank’s stock valued at $45,362,000 after purchasing an additional 13,597 shares in the last quarter. Hedge funds and other institutional investors own 13.09% of the company’s stock.

About Simmons First National

(Get Free Report)

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. It 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.

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