2024-05-29 05:24:54 ET
Summary
- Margin recovery will likely be slow this year; therefore, the average margin for 2024 will be lower than the average for 2023.
- The recent network expansion will support loan growth.
- I’ve reduced my earnings estimate because I’ve decreased my margin estimate.
- The December 2024 target price suggests a moderate upside from the current market price. Further, Simmons First National is offering a high dividend yield.
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Simmons First National: Attractively Valued But Earnings Are Likely To Decline