Simmons First National price target raised to $21 from $19 at DA Davidson

DA Davidson analyst Gary Tenner raised the firm’s price target on Simmons First National (SFNC) to $21 from $19 and keeps a Neutral rating on the shares. Simmons First’s Q2 results were broadly stronger than expectations, with stronger revenue, lower expenses, and a lower provision, the analyst tells investors in a research note. The firm expects additional NIM expansion driven by asset repricing, and moderately more deposit repricing.