It would be hard to argue with anyone that Simmons First National Corp. (NASDAQ:SFNC) is a compelling investment at first glance. Returns are low, the bank's growing loan portfolio is very small compared to the potential represented by the size of its deposit base and the current valuation of 1.32X TBV is low but nothing to jump up and down for. However, after a closer look, I would argue that at this price investors are being paid a very healthy 3% dividend to wait for a bank with quite a few catalysts for higher returns.
Simmons First National is an Arkansas based financial holding company that operates 96 office throughout Arkansas, Missouri and Kansas. The bank last reported...
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