Keefe, Bruyette & Woods Comments On Simmons First National Results

According to Keefe, Bruyette & Woods, Simmons First National

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.