Simmons First National price target lowered to $21 from $22 at Stephens

Stephens analyst Matt Olney lowered the firm’s price target on Simmons First National to $21 from $22 and keeps an Equal Weight rating on the shares. Q1 results were highlighted by “solid” fees, in-line core operating expenses and good loan growth, but continued net interest income headwinds drove pre-provision net revenue to miss to the consensus forecast, the analyst tells investors.