According to Keefe, Bruyette & Woods, Simmons First National SFNC saw revenue headwinds due to muted loan demand and weak fee income.
Keefe, Bruyette & Woods said that it should see a pickup in loan growth over the next couple of quarters due to the seasonal Ag portfolio. “Overall asset quality remains healthy. Capital levels are strong due to a capital raise in late 2009 and good core earnings. Lowering EPS estimates and target price.”
Simmons First National closed yesterday at $25.66.
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Posted In: Analyst ColorAnalyst RatingsBruyette & WoodsFinancialsKeefeRegional BanksSimmons First National
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