| Date | Company Name | Action | Current
Price | Price
Target | Rating |
|---|
| 9/8/2026 | NRIM Northrim BanCorp | Initiated Coverage | $26.00 | $30.00 | Outperform ➝ Outperform |
| 9/8/2026 | HOMB Home BancShares | Initiated Coverage | $30.00 | $34.00 | Outperform |
| 9/8/2026 | NRIM Northrim BanCorp | Initiated Coverage | $26.00 | $30.00 | Outperform |
| 9/8/2026 | HOMB Home BancShares | Initiated Coverage | $30.00 | $34.00 | Outperform |
| 9/4/2026 | EQBK Equity Bancshares | Boost Price Target | $50.00 | $51.00 ➝ $53.00 | Market Perform |
| 8/27/2026 | BFST Business First Bancshares | Boost Price Target | $31.00 | $36.00 ➝ $37.00 | Outperform |
| 8/13/2026 | FCCO First Community | Boost Price Target | $34.00 | $36.00 ➝ $37.50 | Outperform |
| 8/12/2026 | HBT HBT Financial | Boost Price Target | $36.00 | $40.00 ➝ $44.00 | Outperform ➝ Outperform |
| 8/4/2026 | CVNA Carvana | Boost Price Target | $73.00 | $39.50 ➝ $48.00 | Market Perform |
| 8/4/2026 | PFIS Peoples Financial Services | Boost Price Target | $71.00 | $61.00 ➝ $75.00 | Market Perform |
| 7/31/2026 | PFS Provident Financial Services | Boost Price Target | $23.00 | $26.50 ➝ $28.50 | Outperform |
| 7/31/2026 | OBT Orange County Bancorp | Boost Price Target | $38.00 | $40.00 ➝ $42.50 | Outperform |
| 7/30/2026 | CBK Commercial Bancgroup | Boost Price Target | $34.00 | $34.00 ➝ $39.50 | Outperform |
| 7/30/2026 | FRAF Franklin Financial Services | Boost Price Target | $63.00 | $64.00 ➝ $68.00 | Market Perform |
| 7/30/2026 | SYBT Stock Yards Bancorp | Downgrade | $78.00 | $82.00 ➝ $90.00 | Outperform ➝ Market Perform |
| 7/27/2026 | FRBA First Bank | Reiterated Rating | $18.00 | $18.00 ➝ $20.00 | Outperform ➝ Outperform |
| 7/27/2026 | STBA S&T Bancorp | Reiterated Rating | $50.00 | $47.00 ➝ $54.00 | Market Perform ➝ Market Perform |
| 7/27/2026 | EBC Eastern Bankshares | Boost Price Target | $22.00 | $23.50 ➝ $26.00 | Outperform ➝ Outperform |
| 7/27/2026 | CARE Carter Bankshares | Reiterated Rating | $31.00 | $30.00 ➝ $34.50 | Market Perform ➝ Market Perform |
| 7/27/2026 | USCB USCB Financial | Boost Price Target | $23.00 | $20.00 ➝ $22.00 | Market Perform |
| 7/27/2026 | SHBI Shore Bancshares | Boost Price Target | $23.00 | $23.50 ➝ $26.50 | Outperform |
| 7/27/2026 | COFS ChoiceOne Financial Services | Boost Price Target | $34.00 | $32.00 ➝ $35.00 | Market Perform |
| 7/27/2026 | BY Byline Bancorp | Boost Price Target | $38.00 | $39.00 ➝ $45.00 | Outperform |
| 7/27/2026 | ORRF Orrstown Financial Services | Boost Price Target | $42.00 | $42.00 ➝ $46.00 | Outperform |
| 7/27/2026 | BKU BankUnited | Lower Price Target | $45.00 | $55.00 ➝ $53.00 | Outperform |
| 7/27/2026 | ACNB ACNB | Boost Price Target | $64.00 | $57.00 ➝ $64.00 | Market Perform |
| 7/27/2026 | BWFG Bankwell Financial Group | Boost Price Target | $67.00 | $51.00 ➝ $63.00 | Market Perform |
| 7/27/2026 | RBCAA Republic Bancorp | Boost Price Target | $96.00 | $80.00 ➝ $98.00 | Market Perform |
| 7/27/2026 | CHCO City | Boost Price Target | $144.00 | $135.00 ➝ $143.00 | Market Perform |
| 7/24/2026 | WTBA West Bancorporation | Boost Price Target | $29.00 | $25.50 ➝ $28.00 | Market Perform |
| 7/24/2026 | BFST Business First Bancshares | Boost Price Target | $31.00 | $32.50 ➝ $36.00 | Outperform ➝ Outperform |
| 7/24/2026 | UBSI United Bankshares | Boost Price Target | $47.00 | $49.00 ➝ $50.00 | Market Perform |
| 7/23/2026 | FUNC First United | Reiterated Rating | $44.00 | $49.00 | Outperform ➝ Outperform |
| 7/22/2026 | MBWM Mercantile Bank | Downgrade | $60.00 | $62.00 | Outperform ➝ Market Perform |
| 7/17/2026 | FCBM First Carolina Financial Services | Initiated Coverage | $13.00 | $14.00 | Market Perform |
| 7/17/2026 | FCBM First Carolina Financial Services | Initiated Coverage | $13.00 | $14.00 | Market Perform |
| 7/17/2026 | GEHC GE HealthCare Technologies | Initiated Coverage | $65.00 | $14.00 | Market Perform |
| 7/10/2026 | IBCP Independent Bank | Upgrade | $37.00 | $36.00 ➝ $41.00 | Market Perform ➝ Outperform |
| 7/10/2026 | CZWI Citizens Community Bancorp | Downgrade | $22.00 | $21.00 ➝ $24.00 | Outperform ➝ Market Perform |
| 6/24/2026 | UBSI United Bankshares | Initiated Coverage | $47.00 | $49.00 | Market Perform |
| 6/16/2026 | RBB RBB Bancorp | Upgrade | $26.00 | $26.00 ➝ $29.00 | Market Perform ➝ Outperform |
| 6/12/2026 | HWC Hancock Whitney | Downgrade | $74.00 | $74.00 | Outperform ➝ Market Perform |
| 6/12/2026 | HWC Hancock Whitney | Upgrade | $74.00 | $74.00 | Outperform ➝ Hold |
| 6/10/2026 | EQBK Equity Bancshares | Initiated Coverage | $50.00 | $51.00 | Market Perform |
| 6/10/2026 | EQBK Equity Bancshares | Initiated Coverage | $50.00 | $51.00 | Market Perform |
| 6/10/2026 | FRAF Franklin Financial Services | Downgrade | $63.00 | | Outperform ➝ Market Perform |
| 6/3/2026 | CARE Carter Bankshares | Downgrade | $31.00 | $30.00 | Outperform ➝ Market Perform |
| 5/29/2026 | FUNC First United | Initiated Coverage | $44.00 | $44.50 | Outperform |
| 5/27/2026 | ACNB ACNB | Downgrade | $64.00 | $56.00 ➝ $57.00 | Outperform ➝ Market Perform |
| 5/26/2026 | VLY Valley National Bancorp | Boost Price Target | $14.00 | $16.00 ➝ $16.50 | Outperform |
| 5/21/2026 | BFC Bank First National | Boost Price Target | $153.00 | $160.00 ➝ $165.00 | Outperform |
| 5/15/2026 | INDB Independent Bank | Initiated Coverage | $82.00 | $95.00 | Outperform |
| 5/15/2026 | INDB Independent Bank | Initiated Coverage | $82.00 | $95.00 | Outperform |
| 5/4/2026 | SRBK SR Bancorp | Boost Price Target | $20.00 | $18.00 ➝ $19.00 | Market Perform |
| 5/4/2026 | CBNA Chain Bridge Bancorp | Boost Price Target | $46.00 | $38.00 ➝ $39.50 | Market Perform |
| 5/4/2026 | PFIS Peoples Financial Services | Boost Price Target | $71.00 | $59.00 ➝ $61.00 | Market Perform |
| 5/1/2026 | BBT Beacon Financial | Reiterated Rating | $31.00 | $33.00 ➝ $30.00 | Outperform ➝ Market Perform |
| 4/30/2026 | EBMT Eagle Bancorp Montana | Boost Price Target | $22.00 | $20.00 ➝ $23.00 | Market Perform |
| 4/29/2026 | NWBI Northwest Bancshares | Boost Price Target | $15.00 | $14.00 ➝ $15.00 | Market Perform |
| 4/29/2026 | RNST Renasant | Boost Price Target | $40.00 | $44.00 ➝ $46.00 | Outperform |
| 4/29/2026 | UMBF UMB Financial | Boost Price Target | $141.00 | $145.00 ➝ $150.00 | Outperform |
| 4/28/2026 | LKFN Lakeland Financial | Boost Price Target | $60.00 | $63.00 ➝ $66.00 | Market Perform |
| 4/28/2026 | CUBI Customers Bancorp | Boost Price Target | $78.00 | $80.00 ➝ $86.00 | Market Perform |
| 4/28/2026 | CHCO City | Boost Price Target | $144.00 | $133.00 ➝ $135.00 | Market Perform |
| 4/27/2026 | USCB USCB Financial | Boost Price Target | $23.00 | $19.50 ➝ $20.00 | Market Perform |
| 4/27/2026 | UCB United Community Banks | Lower Price Target | $35.00 | $38.00 ➝ $37.00 | Market Perform |
| 4/27/2026 | TOWN Towne Bank | Lower Price Target | $37.00 | $42.00 ➝ $41.00 | Outperform |
| 4/27/2026 | NBTB NBT Bancorp | Lower Price Target | $51.00 | $47.00 ➝ $46.50 | Market Perform |
| 4/27/2026 | FBK FB Financial | Lower Price Target | $55.00 | $66.00 ➝ $63.00 | Outperform |
| 4/27/2026 | FRAF Franklin Financial Services | Boost Price Target | $63.00 | $59.00 ➝ $64.00 | Outperform |
| 4/27/2026 | SSB SouthState Bank | Boost Price Target | $105.00 | $110.00 ➝ $112.00 | Outperform |
| 4/24/2026 | VLY Valley National Bancorp | Boost Price Target | $14.00 | $15.00 ➝ $16.00 | Outperform |
| 4/24/2026 | CBAN Colony Bankcorp | Boost Price Target | $21.00 | $22.00 ➝ $23.00 | Outperform |
| 4/24/2026 | CARE Carter Bankshares | Boost Price Target | $31.00 | $27.00 ➝ $28.00 | Outperform |
| 4/24/2026 | FMAO Farmers & Merchants Bancorp | Lower Price Target | $35.00 | $30.00 ➝ $28.50 | Market Perform |
| 4/24/2026 | CNOB ConnectOne Bancorp | Boost Price Target | $32.00 | $32.00 ➝ $34.00 | Outperform |
| 4/24/2026 | HTB HomeTrust Bancshares | Boost Price Target | $48.00 | $46.50 ➝ $47.00 | Market Perform |
| 4/23/2026 | BKU BankUnited | Lower Price Target | $45.00 | $57.00 ➝ $53.00 | Outperform |
| 4/23/2026 | NIC Nicolet Bankshares | Lower Price Target | $171.00 | $190.00 ➝ $180.00 | Outperform |
| 4/22/2026 | RBB RBB Bancorp | Boost Price Target | $26.00 | $23.00 ➝ $26.00 | Market Perform |
| 4/22/2026 | PEBO Peoples Bancorp | Boost Price Target | $39.00 | $33.00 ➝ $36.00 | Market Perform |
| 4/22/2026 | CBSH Commerce Bancshares | Lower Price Target | $58.00 | $63.00 ➝ $60.00 | Outperform |
| 4/22/2026 | HBCP Home Bancorp | Boost Price Target | $69.00 | $62.00 ➝ $65.50 | Market Perform |
| 4/6/2026 | WTBA West Bancorporation | Initiated Coverage | $29.00 | $25.50 | Market Perform |
| 4/2/2026 | WNEB Western New England Bancorp | Upgrade | $14.00 | | Hold |
| 3/19/2026 | SSB SouthState Bank | Upgrade | $105.00 | $110.00 | Market Perform ➝ Outperform |
| 3/11/2026 | FRAF Franklin Financial Services | Initiated Coverage | $63.00 | $59.00 | Outperform |
| 3/6/2026 | SYBT Stock Yards Bancorp | Upgrade | $78.00 | $75.00 | Market Perform ➝ Outperform |
| 2/27/2026 | SFBS ServisFirst Bancshares | Boost Price Target | $42.00 | $46.00 ➝ $48.50 | Outperform |
| 2/23/2026 | STBA S&T Bancorp | Boost Price Target | $50.00 | $44.00 ➝ $47.00 | Market Perform |
| 2/13/2026 | MVBF Mvb Financial | Boost Price Target | $31.00 | $31.00 ➝ $33.00 | Outperform |
| 2/9/2026 | UCB United Community Banks | Downgrade | $35.00 | $38.00 | Outperform ➝ Market Perform |
| 2/6/2026 | OBT Orange County Bancorp | Boost Price Target | $38.00 | $32.00 ➝ $38.00 | Outperform |
| 2/3/2026 | SHBI Shore Bancshares | Boost Price Target | $23.00 | $19.00 ➝ $22.00 | Outperform |
| 2/3/2026 | BBT Beacon Financial | Boost Price Target | $31.00 | $31.00 ➝ $33.00 | Outperform |
| 2/3/2026 | FCCO First Community | Boost Price Target | $34.00 | $32.00 ➝ $34.00 | Outperform |
| 2/3/2026 | BPRN Princeton Bancorp | Boost Price Target | $44.00 | $35.00 ➝ $37.50 | Market Perform |
| 2/2/2026 | CBAN Colony Bankcorp | Boost Price Target | $21.00 | $21.00 ➝ $22.00 | Outperform |
| 2/2/2026 | SBSI Southside Bancshares | Boost Price Target | $32.00 | $32.00 ➝ $34.00 | Market Perform |
| 2/2/2026 | AROW Arrow Financial | Boost Price Target | $39.00 | $33.50 ➝ $34.50 | Market Perform |
