DA Davidson Has Negative Forecast for SFNC FY2025 Earnings

Simmons First National Co. (NASDAQ:SFNC) – Equities researchers at DA Davidson lowered their FY2025 earnings estimates for shares of Simmons First National in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the bank will earn $1.51 per share for the year, down from their prior forecast of $1.56. The consensus estimate for Simmons First National’s current full-year earnings is $1.33 per share.

Several other equities research analysts have also commented on SFNC. StockNews.com upgraded shares of Simmons First National from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Stephens raised shares of Simmons First National from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $28.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.00.

Simmons First National Stock Performance

Shares of Simmons First National stock opened at $22.49 on Monday. Simmons First National has a 12 month low of $16.03 and a 12 month high of $25.95. The stock’s fifty day moving average price is $23.89 and its 200-day moving average price is $21.19. The firm has a market cap of $2.82 billion, a P/E ratio of 22.05 and a beta of 0.86. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40.

Simmons First National (NASDAQ:SFNC) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. Simmons First National had a return on equity of 5.15% and a net margin of 8.94%. The company had revenue of $203.20 million for the quarter, compared to the consensus estimate of $204.91 million. During the same period last year, the business posted $0.39 EPS. Simmons First National’s quarterly revenue was up 3.6% on a year-over-year basis.

Simmons First National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.73%. Simmons First National’s dividend payout ratio (DPR) is presently 82.35%.

Insider Activity at Simmons First National

In other Simmons First National news, CAO David W. Garner sold 5,090 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $25.25, for a total transaction of $128,522.50. Following the sale, the chief accounting officer now owns 64,966 shares of the company’s stock, valued at approximately $1,640,391.50. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert A. Fehlman sold 15,270 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $24.02, for a total transaction of $366,785.40. Following the completion of the transaction, the chief executive officer now directly owns 156,357 shares of the company’s stock, valued at approximately $3,755,695.14. This represents a 8.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,136,650 over the last 90 days. Insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Simmons First National

Several hedge funds have recently made changes to their positions in the company. Quest Partners LLC grew its stake in Simmons First National by 113,111.0% during the 2nd quarter. Quest Partners LLC now owns 82,644 shares of the bank’s stock valued at $1,453,000 after purchasing an additional 82,571 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in Simmons First National during the 2nd quarter worth approximately $479,000. Dimensional Fund Advisors LP lifted its stake in Simmons First National by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,323,934 shares of the bank’s stock valued at $128,752,000 after acquiring an additional 413,459 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Simmons First National by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 646,325 shares of the bank’s stock valued at $13,922,000 after acquiring an additional 27,479 shares during the last quarter. Finally, Legato Capital Management LLC purchased a new position in shares of Simmons First National during the second quarter worth $269,000. 27.58% of the stock is owned by institutional investors and hedge funds.

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.