Hovde Group Stock Recommendations and Price Targets

This is a list of recent ratings by Hovde Group.

DateCompany NameActionCurrent
Price
Price
Target
RatingImpact on
Share Price
5/20/2024
BY
Byline Bancorp
Initiated Coverage$23.00$26.00 ➝ $27.50OutperformLow
5/16/2024
ALRS
Alerus Financial
Upgrade$19.00$21.00 ➝ $23.00Market Perform ➝ OutperformLow
5/15/2024
MVBF
MVB Financial
Downgrade$19.00 $21.00Outperform ➝ Market PerformLow
5/10/2024
OBDC
Blue Owl Capital
Boost Price Target$17.00$16.00 ➝ $17.00OutperformLow
5/9/2024
SBSI
Southside Bancshares
Lower Price Target$27.00$35.00 ➝ $31.00Market PerformLow
5/8/2024
MVBF
MVB Financial
Lower Price Target$19.00$27.00 ➝ $23.00OutperformLow
5/6/2024
PFIS
Peoples Financial Services
Lower Price Target$41.00$48.00 ➝ $43.00Market PerformLow
5/6/2024
FBMS
First Bancshares
Lower Price Target$25.00$29.50 ➝ $28.00Market PerformLow
5/3/2024
CCB
Coastal Financial
Lower Price Target$44.00$57.50 ➝ $55.00OutperformLow
5/2/2024
CHCO
City
Boost Price Target$102.00$110.00 ➝ $113.00Market PerformLow
5/2/2024
CUBI
Customers Bancorp
Lower Price Target$47.00$66.00 ➝ $63.00OutperformLow
5/1/2024
MBCN
Middlefield Banc
Lower Price Target$23.00$25.00 ➝ $23.00Market PerformLow
4/29/2024
NBHC
National Bank
Lower Price Target$37.00$45.00 ➝ $40.50OutperformLow
4/29/2024
SBCF
Seacoast Banking Co. of Florida
Lower Price Target$24.00$31.00 ➝ $29.00OutperformLow
4/26/2024
INBK
First Internet Bancorp
Lower Price Target$31.00$38.50 ➝ $38.00OutperformLow
4/26/2024
SPFI
South Plains Financial
Lower Price Target$27.00$34.00 ➝ $32.00OutperformLow
4/26/2024
MOFG
MidWestOne Financial Group
Lower Price Target$22.00$23.50 ➝ $21.50Market PerformLow
4/25/2024
BOKF
BOK Financial
Boost Price Target$92.00$96.00 ➝ $97.00Market PerformLow
4/24/2024
BPOP
Popular
Boost Price Target$90.00$112.00 ➝ $113.00OutperformLow
4/24/2024
IBTX
Independent Bank Group
Lower Price Target$46.00$53.00 ➝ $46.00Market PerformLow
4/24/2024
CADE
Cadence Bank
Upgrade$28.00$32.50 ➝ $33.00Market Perform ➝ OutperformLow
4/24/2024
WSBC
WesBanco
Lower Price Target$28.00$36.00 ➝ $34.00OutperformLow
4/24/2024
ORRF
Orrstown Financial Services
Lower Price Target$27.00$34.00 ➝ $33.00OutperformLow
4/24/2024
SMBK
SmartFinancial
Lower Price Target$23.00$26.00 ➝ $23.00Market PerformLow
4/23/2024
PNFP
Pinnacle Financial Partners
Lower Price Target$81.00$104.00 ➝ $99.00OutperformLow
4/23/2024
CBNK
Capital Bancorp
Lower Price Target$21.00$27.00 ➝ $26.00OutperformLow
4/23/2024
ISTR
Investar
Lower Price Target$16.00$20.50 ➝ $20.00OutperformLow
4/22/2024
WAL
Western Alliance Bancorporation
Initiated Coverage$64.00 $75.00OutperformLow
4/22/2024
BCML
BayCom
Initiated Coverage$20.00$23.50 ➝ $24.00OutperformLow
4/22/2024
RBB
RBB Bancorp
Initiated Coverage$19.00$19.00 ➝ $19.00Market PerformLow
4/22/2024
CVBF
CVB Financial
Downgrade$17.00 $18.00Outperform ➝ Market PerformLow
4/22/2024
EBMT
Eagle Bancorp Montana
Initiated Coverage$13.00 $14.00Market PerformLow
4/19/2024
TCBI
Texas Capital Bancshares
Lower Price Target$60.00$87.50 ➝ $61.50Market PerformLow
4/16/2024
FBK
FB Financial
Upgrade$38.00$40.00 ➝ $40.50Market Perform ➝ OutperformLow
4/5/2024
FMAO
Farmers & Merchants Bancorp
Initiated Coverage$23.00 $22.00Market PerformLow
4/1/2024
PEBO
Peoples Bancorp
Initiated Coverage$30.00 $31.00Market PerformLow
4/1/2024
MBCN
Middlefield Banc
Initiated Coverage$23.00 $25.00Market PerformLow
4/1/2024
PFC
Premier Financial
Upgrade$20.00 $22.50Market Perform ➝ OutperformLow
4/1/2024
CIVB
Civista Bancshares
Initiated Coverage$15.00 $16.00Market PerformLow
3/4/2024
BFC
Bank First
Downgrade$81.00Outperform ➝ Market PerformLow
3/4/2024
NIC
Nicolet Bankshares
Upgrade$82.00Market Perform ➝ OutperformLow
3/4/2024
RBCAA
Republic Bancorp
Initiated Coverage$53.00OutperformLow
3/4/2024
SYBT
Stock Yards Bancorp
Initiated Coverage$47.00OutperformLow
3/4/2024
MBWM
Mercantile Bank
Downgrade$38.00Outperform ➝ Market PerformLow
3/4/2024
IBCP
Independent Bank
Initiated Coverage$26.00Market PerformLow
3/4/2024
MOFG
MidWestOne Financial Group
Initiated Coverage$22.00Market PerformLow
3/4/2024
BWB
Bridgewater Bancshares
Initiated Coverage$12.00OutperformLow
3/4/2024
CZWI
Citizens Community Bancorp
Upgrade$11.00Market Perform ➝ OutperformLow
2/28/2024
FSK
FS KKR Capital
Reiterated Rating$20.00 $20.00Outperform ➝ Market PerformLow
2/28/2024
MYFW
First Western Financial
Upgrade$18.00$20.50 ➝ $19.00Market Perform ➝ OutperformLow
1/30/2024
CADE
Cadence Bank
Downgrade$28.00 $32.50Outperform ➝ Market PerformLow
1/17/2024
FBK
FB Financial
Downgrade$38.00$41.50 ➝ $40.00Outperform ➝ Market PerformLow
1/9/2024
AROW
Arrow Financial
Initiated Coverage$24.00Market PerformLow
12/20/2023
BFC
Bank First
Upgrade$81.00$88.00 ➝ $100.00Market Perform ➝ OutperformLow
12/20/2023
MCBC
Macatawa Bank
Upgrade$14.00$11.00 ➝ $12.50Market Perform ➝ OutperformLow
12/18/2023
ACNB
ACNB
Downgrade$33.00$40.00 ➝ $47.00Outperform ➝ Market PerformLow
11/21/2023
PFC
Premier Financial
Initiated Coverage$20.00 $23.00Market PerformLow
10/25/2023
WNEB
Western New England Bancorp
Downgrade$7.00 $7.50Outperform ➝ Market PerformLow
10/18/2023
FBK
FB Financial
Upgrade$38.00 $35.50Market Perform ➝ OutperformLow
10/13/2023
MBCN
Middlefield Banc
Initiated Coverage$23.00 $29.00Market PerformLow
10/11/2023
SAR
Saratoga Investment
Downgrade$24.00 $27.00Outperform ➝ Market PerformLow
10/6/2023
CNOB
ConnectOne Bancorp
Initiated Coverage$21.00 $21.00OutperformLow
9/27/2023
MCB
Metropolitan Bank
Initiated Coverage$45.00 $50.00OutperformLow
9/20/2023
BRKL
Brookline Bancorp
Initiated Coverage$9.00 $10.75OutperformLow
9/18/2023
PB
Prosperity Bancshares
Upgrade$63.00 $66.50Market Perform ➝ OutperformLow
9/13/2023
WSBC
WesBanco
Upgrade$28.00Market Perform ➝ OutperformLow
9/5/2023
VLY
Valley National Bancorp
Upgrade$8.00 $11.50Market Perform ➝ OutperformLow
8/11/2023
TOWN
TowneBank
Initiated Coverage$27.00 $27.00Market PerformLow
8/4/2023
OCSL
Oaktree Specialty Lending
Downgrade$19.00 $21.00Outperform ➝ Market PerformLow
8/1/2023
VLY
Valley National Bancorp
Downgrade$8.00 $11.00Outperform ➝ Market PerformLow
7/14/2023
SPFI
South Plains Financial
Initiated Coverage$27.00 $28.00OutperformLow
7/5/2023
VBTX
Veritex
Downgrade$21.00 $20.50Outperform ➝ Market PerformLow
6/30/2023
MAIN
Main Street Capital
Upgrade$48.00 $45.00Market Perform ➝ OutperformLow
6/28/2023
CBU
Community Bank System
Upgrade$47.00Market Perform ➝ OutperformLow
6/20/2023
CION
CION Investment
Initiated Coverage$12.00 $11.50Market PerformLow
6/12/2023
MOFG
MidWestOne Financial Group
Initiated Coverage$22.00OutperformLow
5/31/2023
ACNB
ACNB
Initiated Coverage$33.00 $36.00OutperformLow
5/22/2023
ZION
Zions Bancorporation, National Association
Initiated Coverage$43.00 $40.00OutperformLow
5/10/2023
BWFG
Bankwell Financial Group
Initiated Coverage$24.00 $26.00OutperformLow
4/27/2023
FNWD
Finward Bancorp
Downgrade$25.00 $30.00Outperform ➝ Market PerformLow
4/26/2023
CZWI
Citizens Community Bancorp
Downgrade$11.00 $11.50Outperform ➝ Market PerformLow
4/6/2023
WAL
Western Alliance Bancorporation
Lower Price Target$64.00$65.00 ➝ $55.00Low
3/27/2023
BKU
BankUnited
Upgrade$29.00Market Perform ➝ OutperformLow
3/23/2023
WAL
Western Alliance Bancorporation
Initiated Coverage$64.00OutperformLow
3/17/2023
SBCF
Seacoast Banking Co. of Florida
Upgrade$24.00 $33.00Market Perform ➝ OutperformLow
2/1/2023
WTFC
Wintrust Financial
Upgrade$98.00 $108.00Market Perform ➝ OutperformLow
1/31/2023
BSRR
Sierra Bancorp
Downgrade$22.00 $24.00Outperform ➝ Market PerformLow
1/26/2023
ALRS
Alerus Financial
Downgrade$19.00 $21.00Outperform ➝ Market PerformLow
1/4/2023
FBMS
First Bancshares
Downgrade$25.00 $35.00Outperform ➝ Market PerformLow
1/4/2023
SMBK
SmartFinancial
Downgrade$23.00 $31.00Outperform ➝ Market PerformLow
1/4/2023
MYFW
First Western Financial
Downgrade$18.00 $30.00Outperform ➝ Market PerformLow
1/4/2023
EBMT
Eagle Bancorp Montana
Downgrade$13.00Outperform ➝ Market PerformLow
12/14/2022
FBK
FB Financial
Downgrade$38.00 $42.00Outperform ➝ Market PerformN/A
12/14/2022
VBTX
Veritex
Lower Price Target$21.00 $39.00Low
12/12/2022
BHLB
Berkshire Hills Bancorp
Boost Price Target$23.00 $34.00Low
11/29/2022
AUB
Atlantic Union Bankshares
Initiated Coverage$33.00 $41.00OutperformLow
11/17/2022
PGC
Peapack-Gladstone Financial
Boost Price Target$23.00 $48.00Low
11/17/2022
OCSL
Oaktree Specialty Lending
Set Price Target$19.00 $22.50Low
11/15/2022
RWAY
Runway Growth Finance
Boost Price Target$12.00 $14.50Low
11/4/2022
SBCF
Seacoast Banking Co. of Florida
Lower Price Target$24.00 $34.00Low