| Date | Company Name | Action | Current
Price | Price
Target | Rating |
|---|
| 12/12/2025 | BOKF BOK Financial | Downgrade | $119.00 | $129.00 | Outperform ➝ Market Perform |
| 12/8/2025 | BKU BankUnited | Reiterated Rating | $46.00 | $51.00 | Outperform ➝ Outperform |
| 11/26/2025 | PB Prosperity Bancshares | Downgrade | $73.00 | | Strong-Buy ➝ Hold |
| 11/19/2025 | SHBI Shore Bancshares | Initiated Coverage | $19.00 | $19.00 | Outperform |
| 11/19/2025 | SHBI Shore Bancshares | Initiated Coverage | $19.00 | $19.00 | Outperform |
| 11/18/2025 | SRBK SR Bancorp | Initiated Coverage | $17.00 | $16.00 | Market Perform |
| 11/18/2025 | COST Costco Wholesale | Initiated Coverage | $884.00 | $16.00 | Market Perform |
| 11/3/2025 | PFIS Peoples Financial Services | Lower Price Target | $53.00 | $54.00 ➝ $50.00 | Market Perform |
| 10/31/2025 | AROW Arrow Financial | Upgrade | $32.00 | $28.50 ➝ $33.50 | Market Perform ➝ Outperform |
| 10/31/2025 | MVBF Mvb Financial | Boost Price Target | $28.00 | $27.00 ➝ $31.00 | Outperform |
| 10/30/2025 | RNST Renasant | Upgrade | $37.00 | | Hold ➝ Strong-Buy |
| 10/30/2025 | CUBI Customers Bancorp | Boost Price Target | $73.00 | $70.00 ➝ $75.00 | Market Perform |
| 10/30/2025 | PB Prosperity Bancshares | Lower Price Target | $73.00 | $83.00 ➝ $80.00 | Outperform |
| 10/30/2025 | RNST Renasant | Upgrade | $37.00 | $40.00 ➝ $41.00 | Market Perform ➝ Outperform |
| 10/29/2025 | CBNK Capital Bancorp | Lower Price Target | $30.00 | $36.00 ➝ $35.00 | Outperform |
| 10/27/2025 | FFIN First Financial Bankshares | Upgrade | $32.00 | $39.00 | Market Perform ➝ Outperform |
| 10/24/2025 | INBK First Internet Bancorp | Lower Price Target | $22.00 | $29.00 ➝ $26.00 | Outperform |
| 10/24/2025 | NRIM Northrim BanCorp | Boost Price Target | $28.00 | $28.00 ➝ $33.00 | Outperform |
| 10/24/2025 | SPFI South Plains Financial | Boost Price Target | $41.00 | $45.00 ➝ $48.00 | Outperform |
| 10/23/2025 | SMBK SmartFinancial | Boost Price Target | $39.00 | $40.00 ➝ $41.00 | Market Perform |
| 10/23/2025 | TCBI Texas Capital Bancshares | Boost Price Target | $95.00 | $85.00 ➝ $93.00 | Market Perform |
| 10/22/2025 | BFC Bank First National | Boost Price Target | $135.00 | $145.00 ➝ $150.00 | Outperform |
| 10/21/2025 | SFBS ServisFirst Bancshares | Lower Price Target | $74.00 | $92.00 ➝ $85.00 | Market Perform |
| 10/20/2025 | FINW FinWise Bancorp | Boost Price Target | $18.00 | $20.00 ➝ $22.00 | Outperform |
| 10/7/2025 | CBK Commercial Bancgroup | Upgrade | $25.00 | | Strong-Buy |
| 10/6/2025 | CBSH Commerce Bancshares | Initiated Coverage | $54.00 | $66.67 | Outperform |
| 10/6/2025 | FFBC First Financial Bancorp. | Initiated Coverage | $27.00 | | Outperform |
| 10/6/2025 | UMBF UMB Financial | Initiated Coverage | $118.00 | | Outperform |
| 10/6/2025 | CBSH Commerce Bancshares | Initiated Coverage | $54.00 | $66.67 | Outperform |
| 10/3/2025 | NWBI Northwest Bancshares | Initiated Coverage | $13.00 | $13.50 | Market Perform |
| 9/18/2025 | NBHC National Bank | Upgrade | $40.00 | $46.00 | Market Perform ➝ Outperform |
| 9/10/2025 | VLY Valley National Bancorp | Initiated Coverage | $12.00 | $12.50 | Outperform ➝ Outperform |
| 9/10/2025 | VLY Valley National Bancorp | Initiated Coverage | $12.00 | $12.50 | Outperform ➝ Outperform |
| 8/29/2025 | BPOP Popular | Reiterated Rating | $121.00 | | Outperform ➝ Outperform |
| 8/19/2025 | FFBC First Financial Bancorp. | Initiated Coverage | $27.00 | $31.00 | Outperform |
| 8/19/2025 | FFBC First Financial Bancorp. | Initiated Coverage | $27.00 | $31.00 | Outperform |
| 8/18/2025 | CCB Coastal Financial | Set Price Target | $114.00 | $126.00 | |
| 8/18/2025 | CCB Coastal Financial | Reiterated Rating | $114.00 | $129.00 | Outperform ➝ Outperform |
| 8/18/2025 | CIVB Civista Bancshares | Downgrade | $24.00 | $22.00 | Outperform ➝ Market Perform |
| 8/13/2025 | HNVR Hanover Bancorp | Initiated Coverage | $24.00 | $24.00 | Market Perform |
| 7/31/2025 | MVBF Mvb Financial | Lower Price Target | $28.00 | $28.00 ➝ $27.00 | Outperform |
| 7/29/2025 | CBNK Capital Bancorp | Boost Price Target | $30.00 | $35.00 ➝ $39.00 | Outperform |
| 7/29/2025 | BWFG Bankwell Financial Group | Boost Price Target | $49.00 | $38.50 ➝ $42.00 | Market Perform |
| 7/29/2025 | CBAN Colony Bankcorp | Boost Price Target | $18.00 | $19.50 ➝ $21.00 | Outperform |
| 7/28/2025 | INBK First Internet Bancorp | Lower Price Target | $22.00 | $32.00 ➝ $29.00 | Outperform |
| 7/28/2025 | CADE Cadence Bank | Boost Price Target | $44.00 | $34.00 ➝ $40.00 | Market Perform |
| 7/25/2025 | AROW Arrow Financial | Boost Price Target | $32.00 | $27.50 ➝ $28.50 | Market Perform |
| 7/25/2025 | PFS Provident Financial Services | Boost Price Target | $21.00 | $22.50 ➝ $23.50 | Outperform |
| 7/25/2025 | SSB SouthState Bank | Boost Price Target | $96.00 | $97.00 ➝ $105.00 | Market Perform |
| 7/25/2025 | PNFP Pinnacle Financial Partners | Downgrade | $100.00 | | Strong-Buy ➝ Hold |
| 7/24/2025 | TRMK Trustmark | Boost Price Target | $41.00 | $37.00 ➝ $41.00 | Market Perform |
| 7/24/2025 | BPOP Popular | Boost Price Target | $121.00 | $126.00 ➝ $140.00 | Outperform |
| 7/24/2025 | TOWN Towne Bank | Boost Price Target | $35.00 | $39.00 ➝ $41.00 | Outperform |
| 7/24/2025 | NBHC National Bank | Boost Price Target | $40.00 | $39.00 ➝ $42.00 | Market Perform |
| 7/24/2025 | UCB United Community Banks | Boost Price Target | $32.00 | $35.00 ➝ $36.00 | Outperform |
| 7/24/2025 | BKU BankUnited | Boost Price Target | $46.00 | $43.00 ➝ $44.00 | Outperform |
| 7/24/2025 | PB Prosperity Bancshares | Lower Price Target | $73.00 | $85.00 ➝ $83.00 | Outperform |
| 7/23/2025 | CHCO City | Boost Price Target | $125.00 | $130.00 ➝ $136.00 | Market Perform |
| 7/23/2025 | RNST Renasant | Boost Price Target | $37.00 | $35.00 ➝ $39.00 | Market Perform |
| 7/23/2025 | SMBK SmartFinancial | Boost Price Target | $39.00 | $37.50 ➝ $40.00 | Market Perform |
| 7/22/2025 | BOKF BOK Financial | Boost Price Target | $119.00 | $110.00 ➝ $123.00 | Outperform |
| 7/21/2025 | FFIN First Financial Bankshares | Boost Price Target | $32.00 | $38.00 ➝ $39.00 | Market Perform |
| 7/18/2025 | TCBI Texas Capital Bancshares | Boost Price Target | $95.00 | $75.00 ➝ $95.00 | Market Perform |
| 7/16/2025 | HWC Hancock Whitney | Boost Price Target | $66.00 | $65.00 ➝ $72.00 | Outperform |
| 7/14/2025 | MVBF Mvb Financial | Upgrade | $28.00 | $21.50 ➝ $28.00 | Market Perform ➝ Outperform |
| 6/30/2025 | BUSE First Busey | Initiated Coverage | $25.00 | $25.00 | Market Perform |
| 6/27/2025 | EME EMCOR Group | Upgrade | $622.00 | | Hold |
| 6/27/2025 | STBA S&T Bancorp | Initiated Coverage | $42.00 | $41.00 | Market Perform |
| 6/23/2025 | BWFG Bankwell Financial Group | Upgrade | $49.00 | $35.00 ➝ $38.50 | Hold |
| 6/18/2025 | BPOP Popular | Boost Price Target | $121.00 | $114.00 ➝ $126.00 | Outperform ➝ Outperform |
| 6/16/2025 | MCB Metropolitan Bank | Boost Price Target | $80.00 | $75.00 ➝ $79.00 | Outperform |
| 6/10/2025 | OBT Orange County Bancorp | Lower Price Target | $29.00 | $30.50 ➝ $29.50 | Outperform |
| 6/4/2025 | SBCF Seacoast Banking Corporation of Florida | Boost Price Target | $33.00 | $27.00 ➝ $29.00 | Market Perform |
| 5/19/2025 | BY Byline Bancorp | Set Price Target | $31.00 | $32.00 | |
| 5/14/2025 | ORRF Orrstown Financial Services | Boost Price Target | $38.00 | $35.00 ➝ $37.00 | Outperform |
| 5/12/2025 | OBT Orange County Bancorp | Initiated Coverage | $29.00 | $30.50 | Outperform |
| 5/6/2025 | FSFG First Savings Financial Group | Upgrade | $33.00 | $34.00 | Market Perform ➝ Outperform |
| 5/6/2025 | HBT HBT Financial | Upgrade | $27.00 | $28.00 | Market Perform ➝ Outperform |
| 5/6/2025 | LKFN Lakeland Financial | Upgrade | $60.00 | $72.00 | Market Perform ➝ Outperform |
| 5/6/2025 | BFC Bank First National | Upgrade | $135.00 | $130.00 | Market Perform ➝ Outperform |
| 5/1/2025 | FINW FinWise Bancorp | Lower Price Target | $18.00 | $19.00 ➝ $18.50 | Outperform |
| 4/30/2025 | CCB Coastal Financial | Lower Price Target | $114.00 | $120.00 ➝ $110.00 | Outperform |
| 4/30/2025 | ORRF Orrstown Financial Services | Upgrade | $38.00 | $35.00 | Market Perform ➝ Outperform |
| 4/29/2025 | CADE Cadence Bank | Boost Price Target | $44.00 | $32.00 ➝ $34.00 | Hold ➝ Outperform |
| 4/28/2025 | MYFW First Western Financial | Boost Price Target | $26.00 | $23.00 ➝ $24.50 | Outperform |
| 4/28/2025 | NRIM Northrim BanCorp | Boost Price Target | $28.00 | $24.75 ➝ $26.00 | Outperform |
| 4/28/2025 | RNST Renasant | Boost Price Target | $37.00 | $34.50 ➝ $35.00 | Market Perform |
| 4/28/2025 | TOWN Towne Bank | Boost Price Target | $35.00 | $38.00 ➝ $39.00 | Outperform |
| 4/28/2025 | TRMK Trustmark | Boost Price Target | $41.00 | $36.00 ➝ $37.00 | Market Perform |
| 4/25/2025 | INBK First Internet Bancorp | Lower Price Target | $22.00 | $39.00 ➝ $28.00 | Outperform |
| 4/25/2025 | PB Prosperity Bancshares | Lower Price Target | $73.00 | $90.00 ➝ $80.00 | Outperform |
| 4/25/2025 | RBCAA Republic Bancorp | Boost Price Target | $74.00 | $64.00 ➝ $69.00 | Market Perform |
| 4/24/2025 | FRBA First Bank | Boost Price Target | $17.00 | $17.00 ➝ $17.50 | Outperform |
| 4/24/2025 | FCCO First Community | Boost Price Target | $31.00 | $28.00 ➝ $29.00 | Outperform |
| 4/24/2025 | HBCP Home Bancorp | Boost Price Target | $60.00 | $48.50 ➝ $51.50 | Market Perform |
| 4/24/2025 | NBHC National Bank | Lower Price Target | $40.00 | $43.00 ➝ $39.00 | Market Perform |
| 4/24/2025 | OFG OFG Bancorp | Lower Price Target | $42.00 | $53.50 ➝ $50.00 | Outperform |
| 4/24/2025 | BPOP Popular | Lower Price Target | $121.00 | $118.00 ➝ $114.00 | Outperform |
| 4/24/2025 | CNOB ConnectOne Bancorp | Boost Price Target | $28.00 | $29.00 ➝ $29.50 | Outperform |
| 4/23/2025 | BOKF BOK Financial | Lower Price Target | $119.00 | $122.00 ➝ $110.00 | Outperform |
