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Investing.com - DA Davidson raised its price target on Simmons First National (NASDAQ:SFNC) to $21.00 from $19.00 on Monday, while maintaining a Neutral rating on the stock. The $2.53 billion market cap bank currently trades at a P/E ratio of 15.53 and offers a 4.24% dividend yield, having maintained dividend payments for an impressive 52 consecutive years.
The firm cited Simmons First National’s second-quarter results, which exceeded expectations with stronger revenue from both spread and fees, lower expenses, and a reduced provision.
DA Davidson noted that the bank’s loan growth outlook remains modest, which it attributed to management’s continued focus on pricing and credit discipline.
Despite the conservative loan growth projection, the firm expects additional net interest margin expansion driven by asset repricing and moderately more deposit repricing.
The research firm maintained its Neutral rating on Simmons First National stock while implementing the revised $21 price target.
In other recent news, Simmons First National Corporation reported its financial results for the second quarter of 2025, showcasing an earnings per share (EPS) of $0.44, which surpassed analysts’ expectations of $0.39. However, the company experienced a slight revenue miss, with actual revenue reaching $214.2 million against the forecasted $217.01 million. This mixed performance was driven by net interest income and margin expansion, despite challenges in competitive loan pricing and elevated payoffs in the construction sector. In terms of analyst perspectives, there were no reported upgrades or downgrades from firms such as KBW and D.A. Davidson. The company also emphasized its ongoing efforts in strategic loan repricing and remixing, which contributed to the positive earnings outcome. Additionally, Simmons First National continues to invest in talent and technology, aiming to enhance operational efficiency and maintain its competitive edge. The firm remains optimistic about future performance, with expectations for continued net interest margin expansion. These developments reflect Simmons First National’s strategic focus and operational capabilities in the current economic landscape.
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