| Date | Company Name | Action | Current
Price | Price
Target | Rating | Impact on
Share Price |
|---|
| 5/3/2024 | CCB Coastal Financial | Lower Price Target | $42.00 | $57.50 ➝ $55.00 | Outperform | Low |
| 5/2/2024 | CUBI Customers Bancorp | Lower Price Target | $48.00 | $66.00 ➝ $63.00 | Outperform | Low |
| 5/2/2024 | CHCO City | Boost Price Target | $104.00 | $110.00 ➝ $113.00 | Market Perform | Low |
| 5/1/2024 | MBCN Middlefield Banc | Lower Price Target | $23.00 | $25.00 ➝ $23.00 | Market Perform | Low |
| 4/29/2024 | SBCF Seacoast Banking Co. of Florida | Lower Price Target | $24.00 | $31.00 ➝ $29.00 | Outperform | Low |
| 4/29/2024 | NBHC National Bank | Lower Price Target | $35.00 | $45.00 ➝ $40.50 | Outperform | Low |
| 4/26/2024 | MOFG MidWestOne Financial Group | Lower Price Target | $21.00 | $23.50 ➝ $21.50 | Market Perform | Low |
| 4/26/2024 | SPFI South Plains Financial | Lower Price Target | $27.00 | $34.00 ➝ $32.00 | Outperform | Low |
| 4/26/2024 | INBK First Internet Bancorp | Lower Price Target | $32.00 | $38.50 ➝ $38.00 | Outperform | Low |
| 4/25/2024 | BOKF BOK Financial | Boost Price Target | $92.00 | $96.00 ➝ $97.00 | Market Perform | Low |
| 4/24/2024 | SMBK SmartFinancial | Lower Price Target | $22.00 | $26.00 ➝ $23.00 | Market Perform | Low |
| 4/24/2024 | ORRF Orrstown Financial Services | Lower Price Target | $27.00 | $34.00 ➝ $33.00 | Outperform | Low |
| 4/24/2024 | WSBC WesBanco | Lower Price Target | $28.00 | $36.00 ➝ $34.00 | Outperform | Low |
| 4/24/2024 | CADE Cadence Bank | Upgrade | $29.00 | $32.50 ➝ $33.00 | Market Perform ➝ Outperform | Low |
| 4/24/2024 | IBTX Independent Bank Group | Lower Price Target | $40.00 | $53.00 ➝ $46.00 | Market Perform | Low |
| 4/24/2024 | BPOP Popular | Boost Price Target | $89.00 | $112.00 ➝ $113.00 | Outperform | Low |
| 4/23/2024 | ISTR Investar | Lower Price Target | $16.00 | $20.50 ➝ $20.00 | Outperform | Low |
| 4/23/2024 | CBNK Capital Bancorp | Lower Price Target | $20.00 | $27.00 ➝ $26.00 | Outperform | Low |
| 4/23/2024 | PNFP Pinnacle Financial Partners | Lower Price Target | $82.00 | $104.00 ➝ $99.00 | Outperform | Low |
| 4/22/2024 | EBMT Eagle Bancorp Montana | Initiated Coverage | $13.00 | $14.00 | Market Perform | Low |
| 4/22/2024 | CVBF CVB Financial | Downgrade | $17.00 | $18.00 | Outperform ➝ Market Perform | Low |
| 4/22/2024 | RBB RBB Bancorp | Initiated Coverage | $18.00 | $19.00 ➝ $19.00 | Market Perform | Low |
| 4/22/2024 | BCML BayCom | Initiated Coverage | $20.00 | $23.50 ➝ $24.00 | Outperform | Low |
| 4/22/2024 | WAL Western Alliance Bancorporation | Initiated Coverage | $61.00 | $75.00 | Outperform | Low |
| 4/19/2024 | TCBI Texas Capital Bancshares | Lower Price Target | $61.00 | $87.50 ➝ $61.50 | Market Perform | Low |
| 4/16/2024 | FBK FB Financial | Upgrade | $39.00 | $40.00 ➝ $40.50 | Market Perform ➝ Outperform | Low |
| 4/5/2024 | FMAO Farmers & Merchants Bancorp | Initiated Coverage | $22.00 | $22.00 | Market Perform | Low |
| 4/1/2024 | CIVB Civista Bancshares | Initiated Coverage | $14.00 | $16.00 | Market Perform | Low |
| 4/1/2024 | PFC Premier Financial | Upgrade | $21.00 | $22.50 | Market Perform ➝ Outperform | Low |
| 4/1/2024 | MBCN Middlefield Banc | Initiated Coverage | $23.00 | $25.00 | Market Perform | Low |
| 4/1/2024 | PEBO Peoples Bancorp | Initiated Coverage | $30.00 | $31.00 | Market Perform | Low |
| 3/4/2024 | CZWI Citizens Community Bancorp | Upgrade | $11.00 | | Market Perform ➝ Outperform | Low |
| 3/4/2024 | BWB Bridgewater Bancshares | Initiated Coverage | $12.00 | | Outperform | Low |
| 3/4/2024 | MOFG MidWestOne Financial Group | Initiated Coverage | $21.00 | | Market Perform | Low |
| 3/4/2024 | IBCP Independent Bank | Initiated Coverage | $25.00 | | Market Perform | Low |
| 3/4/2024 | MBWM Mercantile Bank | Downgrade | $38.00 | | Outperform ➝ Market Perform | Low |
| 3/4/2024 | SYBT Stock Yards Bancorp | Initiated Coverage | $47.00 | | Outperform | Low |
| 3/4/2024 | RBCAA Republic Bancorp | Initiated Coverage | $53.00 | | Outperform | Low |
| 3/4/2024 | NIC Nicolet Bankshares | Upgrade | $80.00 | | Market Perform ➝ Outperform | Low |
| 3/4/2024 | BFC Bank First | Downgrade | $80.00 | | Outperform ➝ Market Perform | Low |
| 2/28/2024 | MYFW First Western Financial | Upgrade | $17.00 | $20.50 ➝ $19.00 | Market Perform ➝ Outperform | Low |
| 2/28/2024 | FSK FS KKR Capital | Reiterated Rating | $19.00 | $20.00 | Outperform ➝ Market Perform | Low |
| 1/30/2024 | CADE Cadence Bank | Downgrade | $29.00 | $32.50 | Outperform ➝ Market Perform | Low |
| 1/17/2024 | FBK FB Financial | Downgrade | $39.00 | $41.50 ➝ $40.00 | Outperform ➝ Market Perform | Low |
| 1/9/2024 | AROW Arrow Financial | Initiated Coverage | $24.00 | | Market Perform | Low |
| 12/20/2023 | MCBC Macatawa Bank | Upgrade | $14.00 | $11.00 ➝ $12.50 | Market Perform ➝ Outperform | Low |
| 12/20/2023 | BFC Bank First | Upgrade | $80.00 | $88.00 ➝ $100.00 | Market Perform ➝ Outperform | Low |
| 12/18/2023 | ACNB ACNB | Downgrade | $33.00 | $40.00 ➝ $47.00 | Outperform ➝ Market Perform | Low |
| 11/21/2023 | PFC Premier Financial | Initiated Coverage | $21.00 | $23.00 | Market Perform | Low |
| 10/25/2023 | WNEB Western New England Bancorp | Downgrade | $7.00 | $7.50 | Outperform ➝ Market Perform | Low |
| 10/18/2023 | FBK FB Financial | Upgrade | $39.00 | $35.50 | Market Perform ➝ Outperform | Low |
| 10/13/2023 | MBCN Middlefield Banc | Initiated Coverage | $23.00 | $29.00 | Market Perform | Low |
| 10/11/2023 | SAR Saratoga Investment | Downgrade | $24.00 | $27.00 | Outperform ➝ Market Perform | Low |
| 10/6/2023 | CNOB ConnectOne Bancorp | Initiated Coverage | $19.00 | $21.00 | Outperform | Low |
| 9/27/2023 | MCB Metropolitan Bank | Initiated Coverage | $43.00 | $50.00 | Outperform | Low |
| 9/20/2023 | BRKL Brookline Bancorp | Initiated Coverage | $9.00 | $10.75 | Outperform | Low |
| 9/18/2023 | PB Prosperity Bancshares | Upgrade | $63.00 | $66.50 | Market Perform ➝ Outperform | Low |
| 9/13/2023 | WSBC WesBanco | Upgrade | $28.00 | | Market Perform ➝ Outperform | Low |
| 9/5/2023 | VLY Valley National Bancorp | Upgrade | $8.00 | $11.50 | Market Perform ➝ Outperform | Low |
| 8/11/2023 | TOWN TowneBank | Initiated Coverage | $27.00 | $27.00 | Market Perform | Low |
| 8/4/2023 | OCSL Oaktree Specialty Lending | Downgrade | $19.00 | $21.00 | Outperform ➝ Market Perform | Low |
| 8/1/2023 | VLY Valley National Bancorp | Downgrade | $8.00 | $11.00 | Outperform ➝ Market Perform | Low |
| 7/14/2023 | SPFI South Plains Financial | Initiated Coverage | $27.00 | $28.00 | Outperform | Low |
| 7/5/2023 | VBTX Veritex | Downgrade | $20.00 | $20.50 | Outperform ➝ Market Perform | Low |
| 6/30/2023 | MAIN Main Street Capital | Upgrade | $50.00 | $45.00 | Market Perform ➝ Outperform | Low |
| 6/28/2023 | CBU Community Bank System | Upgrade | $46.00 | | Market Perform ➝ Outperform | Low |
| 6/20/2023 | CION CION Investment | Initiated Coverage | $12.00 | $11.50 | Market Perform | Low |
| 6/12/2023 | MOFG MidWestOne Financial Group | Initiated Coverage | $21.00 | | Outperform | Low |
| 5/31/2023 | ACNB ACNB | Initiated Coverage | $33.00 | $36.00 | Outperform | Low |
| 5/22/2023 | ZION Zions Bancorporation, National Association | Initiated Coverage | $44.00 | $40.00 | Outperform | Low |
| 5/10/2023 | BWFG Bankwell Financial Group | Initiated Coverage | $24.00 | $26.00 | Outperform | Low |
| 4/27/2023 | FNWD Finward Bancorp | Downgrade | $25.00 | $30.00 | Outperform ➝ Market Perform | Low |
| 4/26/2023 | CZWI Citizens Community Bancorp | Downgrade | $11.00 | $11.50 | Outperform ➝ Market Perform | Low |
| 4/6/2023 | WAL Western Alliance Bancorporation | Lower Price Target | $61.00 | $65.00 ➝ $55.00 | | Low |
| 3/27/2023 | BKU BankUnited | Upgrade | $29.00 | | Market Perform ➝ Outperform | Low |
| 3/23/2023 | WAL Western Alliance Bancorporation | Initiated Coverage | $61.00 | | Outperform | Low |
| 3/17/2023 | SBCF Seacoast Banking Co. of Florida | Upgrade | $24.00 | $33.00 | Market Perform ➝ Outperform | Low |
| 2/1/2023 | WTFC Wintrust Financial | Upgrade | $101.00 | $108.00 | Market Perform ➝ Outperform | Low |
| 1/31/2023 | BSRR Sierra Bancorp | Downgrade | $21.00 | $24.00 | Outperform ➝ Market Perform | Low |
| 1/26/2023 | ALRS Alerus Financial | Downgrade | $20.00 | $21.00 | Outperform ➝ Market Perform | Low |
| 1/4/2023 | EBMT Eagle Bancorp Montana | Downgrade | $13.00 | | Outperform ➝ Market Perform | Low |
| 1/4/2023 | MYFW First Western Financial | Downgrade | $17.00 | $30.00 | Outperform ➝ Market Perform | Low |
| 1/4/2023 | SMBK SmartFinancial | Downgrade | $22.00 | $31.00 | Outperform ➝ Market Perform | Low |
| 1/4/2023 | FBMS First Bancshares | Downgrade | $25.00 | $35.00 | Outperform ➝ Market Perform | Low |
| 12/14/2022 | VBTX Veritex | Lower Price Target | $20.00 | $39.00 | | Low |
| 12/14/2022 | FBK FB Financial | Downgrade | $39.00 | $42.00 | Outperform ➝ Market Perform | N/A |
| 12/12/2022 | BHLB Berkshire Hills Bancorp | Boost Price Target | $22.00 | $34.00 | | Low |
| 11/29/2022 | AUB Atlantic Union Bankshares | Initiated Coverage | $33.00 | $41.00 | Outperform | Low |
| 11/17/2022 | OCSL Oaktree Specialty Lending | Set Price Target | $19.00 | $22.50 | | Low |
| 11/17/2022 | PGC Peapack-Gladstone Financial | Boost Price Target | $23.00 | $48.00 | | Low |
| 11/15/2022 | RWAY Runway Growth Finance | Boost Price Target | $13.00 | $14.50 | | Low |
| 11/4/2022 | SBCF Seacoast Banking Co. of Florida | Lower Price Target | $24.00 | $34.00 | | Low |
| 11/1/2022 | VLY Valley National Bancorp | Lower Price Target | $8.00 | $14.00 | | Low |
| 11/1/2022 | BWB Bridgewater Bancshares | Boost Price Target | $12.00 | $22.00 | | Low |
| 11/1/2022 | ALRS Alerus Financial | Lower Price Target | $20.00 | $27.00 | | N/A |
| 11/1/2022 | CALB California BanCorp | Boost Price Target | $22.00 | $27.00 | | Low |
| 11/1/2022 | BY Byline Bancorp | Lower Price Target | $23.00 | $28.00 | | Low |
| 11/1/2022 | CIVB Civista Bancshares | Boost Price Target | $14.00 | $26.50 | | Low |
| 11/1/2022 | CUBI Customers Bancorp | Lower Price Target | $48.00 | $44.00 | | Low |
| 11/1/2022 | CCBG Capital City Bank Group | Boost Price Target | $27.00 | $38.00 | | Low |
