What is DA Davidson's Forecast for SFNC FY2024 Earnings?

Simmons First National Co. (NASDAQ:SFNC - Free Report) - Research analysts at DA Davidson boosted their FY2024 earnings per share estimates for shares of Simmons First National in a report released on Tuesday, October 22nd. DA Davidson analyst G. Tenner now expects that the bank will earn $1.38 per share for the year, up from their previous forecast of $1.32. The consensus estimate for Simmons First National's current full-year earnings is $1.30 per share. DA Davidson also issued estimates for Simmons First National's FY2025 earnings at $1.56 EPS.

SFNC has been the topic of a number of other reports. Keefe, Bruyette & Woods upped their target price on shares of Simmons First National from $20.00 to $22.00 and gave the stock a "market perform" rating in a report on Thursday, July 25th. Stephens raised shares of Simmons First National from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $27.00 to $28.00 in a report on Monday. StockNews.com raised shares of Simmons First National from a "sell" rating to a "hold" rating in a report on Monday. Finally, Piper Sandler increased their price target on shares of Simmons First National from $18.00 to $20.00 and gave the stock an "underweight" rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $23.00.

Simmons First National Stock Performance

Shares of NASDAQ:SFNC traded up $0.15 during mid-day trading on Thursday, reaching $23.45. The company had a trading volume of 490,421 shares, compared to its average volume of 521,617. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.40. The company's 50-day moving average price is $21.37 and its 200-day moving average price is $19.35. Simmons First National has a one year low of $13.36 and a one year high of $23.74. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 22.84 and a beta of 0.87.

Simmons First National (NASDAQ:SFNC - Get Free Report) last issued 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. The firm had revenue of $203.20 million during the quarter, compared to the consensus estimate of $204.91 million. Simmons First National had a return on equity of 5.15% and a net margin of 8.94%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share.

Insider Activity at Simmons First National

In other Simmons First National news, CEO Robert A. Fehlman sold 8,680 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 156,357 shares of the company's stock, valued at $3,428,909.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman George Makris, Jr. sold 21,420 shares of the firm'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 sale, the chairman now directly owns 608,347 shares of the company's stock, valued at approximately $13,128,128.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert A. Fehlman sold 8,680 shares of the firm's stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $21.93, for a total transaction of $190,352.40. Following the completion of the sale, the chief executive officer now directly owns 156,357 shares of the company's stock, valued at approximately $3,428,909.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,700 shares of company stock valued at $728,952. Insiders own 1.91% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. bought a new stake in Simmons First National during the 1st quarter valued at about $31,495,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Simmons First National by 9,443.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,395,980 shares of the bank's stock worth $24,541,000 after buying an additional 1,381,353 shares during the last quarter. Mesirow Institutional Investment Management Inc. purchased a new position in shares of Simmons First National in the first quarter worth approximately $10,723,000. Dimensional Fund Advisors LP boosted its holdings in shares of Simmons First National by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,323,934 shares of the bank's stock worth $128,752,000 after buying an additional 413,459 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Simmons First National by 54.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 992,678 shares of the bank's stock worth $19,695,000 after buying an additional 349,534 shares during the last quarter. 27.58% of the stock is owned by hedge funds and other institutional investors.

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.