Stephens analyst Matt Olney upgraded Simmons First National (SFNC) to Overweight from Equal Weight with a price target of $28, up from $27, after First National reported an EPS beat driven by stronger net interest income and margin trends as deposit pricing pressure continues to ease for the second straight quarter. Given Simmons First National’s interest rate positioning, along with ongoing cost controls efforts, the firm sees tailwinds to result in considerable positive operating leverage in 2025 and 2026, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SFNC:
- Netflix reports Q3 beat, CVS CEO Lynch steps down: Morning Buzz
- Morning Movers: CVS Health sinks following CEO change, weak guidance
- Simmons First National’s Strategic Shift in Q3 2024
- Simmons First National reports Q3 adjusted EPS 37c, consensus 33c
- Simmons First National reports Q3 net interest margin 2.74%, up 5 bps vs. Q2
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue