On Thursday, Keefe, Bruyette & Woods adjusted its price target for Simmons First National Corporation (NASDAQ:SFNC), reducing it to $20.00 from the previous $21.00. The firm maintained its Market Perform rating on the bank’s stock. The adjustment followed the company’s first-quarter earnings report for 2024, which fell short of both Keefe, Bruyette & Woods and consensus estimates, primarily due to a lower-than-expected net interest income (NII).