| Date | Company Name | Action | Current
Price | Price
Target | Rating | Impact on
Share Price |
|---|
| 3/23/2023 | WAL Western Alliance Bancorporation | Initiated Coverage | $31.00 | | 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 | $69.00 | $108.00 | Market Perform ➝ Outperform | Low |
| 1/31/2023 | BSRR Sierra Bancorp | Downgrade | $17.00 | $24.00 | Outperform ➝ Market Perform | Low |
| 1/26/2023 | ALRS Alerus Financial | Downgrade | $16.00 | $21.00 | Outperform ➝ Market Perform | Low |
| 1/4/2023 | EBMT Eagle Bancorp Montana | Downgrade | $15.00 | | Outperform ➝ Market Perform | Low |
| 1/4/2023 | MYFW First Western Financial | Downgrade | $19.00 | $30.00 | Outperform ➝ Market Perform | Low |
| 1/4/2023 | SMBK SmartFinancial | Downgrade | $23.00 | $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 | $19.00 | $39.00 | | Low |
| 12/14/2022 | FBK FB Financial | Downgrade | $31.00 | $42.00 | Outperform ➝ Market Perform | N/A |
| 12/12/2022 | BHLB Berkshire Hills Bancorp | Boost Price Target | $25.00 | $34.00 | | Low |
| 11/29/2022 | AUB Atlantic Union Bankshares | Initiated Coverage | $34.00 | $41.00 | Outperform | Low |
| 11/17/2022 | OCSL Oaktree Specialty Lending | Set Price Target | $18.00 | $22.50 | | Low |
| 11/17/2022 | PGC Peapack-Gladstone Financial | Boost Price Target | $29.00 | $48.00 | | Low |
| 11/15/2022 | RWAY Runway Growth Finance | Boost Price Target | $12.00 | $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 | $9.00 | $14.00 | | Low |
| 11/1/2022 | BWB Bridgewater Bancshares | Boost Price Target | $11.00 | $22.00 | | Low |
| 11/1/2022 | ALRS Alerus Financial | Lower Price Target | $16.00 | $27.00 | | N/A |
| 11/1/2022 | CALB California BanCorp | Boost Price Target | $20.00 | $27.00 | | Low |
| 11/1/2022 | BY Byline Bancorp | Lower Price Target | $21.00 | $28.00 | | Low |
| 11/1/2022 | CIVB Civista Bancshares | Boost Price Target | $18.00 | $26.50 | | Low |
| 11/1/2022 | CUBI Customers Bancorp | Lower Price Target | $18.00 | $44.00 | | Low |
| 11/1/2022 | CCBG Capital City Bank Group | Boost Price Target | $30.00 | $38.00 | | Low |
| 11/1/2022 | FMBH First Mid Bancshares | Lower Price Target | $27.00 | $44.00 | | Low |
| 11/1/2022 | TRMK Trustmark | Boost Price Target | $25.00 | $38.00 | | Low |
| 11/1/2022 | CCB Coastal Financial | Boost Price Target | $36.00 | $66.00 | | Low |
| 10/31/2022 | FISI Financial Institutions | Downgrade | $19.00 | $33.00 ➝ $29.00 | Outperform ➝ Market Perform | Low |
| 10/31/2022 | FBMS First Bancshares | Upgrade | $25.00 | $38.00 | Market Perform ➝ Outperform | Low |
| 10/27/2022 | RBCAA Republic Bancorp | Lower Price Target | $41.00 | $50.00 | | Low |
| 10/27/2022 | CBU Community Bank System | Lower Price Target | $53.00 | $67.00 | | Low |
| 10/27/2022 | BFC Bank First | Boost Price Target | $74.00 | $88.00 | | Low |
| 10/26/2022 | PEBO Peoples Bancorp | Downgrade | $26.00 | $34.00 ➝ $30.00 | Outperform ➝ Market Perform | Low |
| 10/26/2022 | IBTX Independent Bank Group | Downgrade | $44.00 | $82.50 ➝ $70.00 | Outperform ➝ Market Perform | Low |
| 10/13/2022 | PB Prosperity Bancshares | Boost Price Target | $61.00 | $79.00 | | Low |
| 10/5/2022 | ORCC Owl Rock Capital | Lower Price Target | $12.00 | $12.50 | | Low |
| 10/5/2022 | WHF WhiteHorse Finance | Lower Price Target | $12.00 | $13.00 | | Low |
| 10/5/2022 | RWAY Runway Growth Finance | Lower Price Target | $12.00 | $13.50 | | Low |
| 10/5/2022 | NMFC New Mountain Finance | Lower Price Target | $12.00 | $12.50 | | Low |
| 10/5/2022 | SLRC SLR Investment | Lower Price Target | $15.00 | $15.00 | | Low |
| 10/5/2022 | TSLX Sixth Street Specialty Lending | Lower Price Target | $17.00 | $19.00 | | Low |
| 10/5/2022 | CSWC Capital Southwest | Lower Price Target | $17.00 | $21.00 | | Low |
| 10/5/2022 | ARCC Ares Capital | Lower Price Target | $17.00 | $19.00 | | Low |
| 10/5/2022 | FSK FS KKR Capital | Lower Price Target | $18.00 | $21.00 | | Low |
| 10/5/2022 | OCSL Oaktree Specialty Lending | Lower Price Target | $18.00 | $21.00 | | Low |
| 10/5/2022 | SAR Saratoga Investment | Lower Price Target | $24.00 | $25.00 | | Low |
| 10/5/2022 | MAIN Main Street Capital | Lower Price Target | $39.00 | $40.00 | | Low |
| 9/13/2022 | BHLB Berkshire Hills Bancorp | Initiated Coverage | $25.00 | $33.00 | Outperform | Low |
| 8/22/2022 | CBNK Capital Bancorp | Boost Price Target | $16.00 | $31.00 | | Low |
| 8/15/2022 | NMFC New Mountain Finance | Boost Price Target | $12.00 | $13.00 | | N/A |
| 8/15/2022 | WHF WhiteHorse Finance | Boost Price Target | $12.00 | $15.00 | | Low |
| 8/15/2022 | MVBF MVB Financial | Lower Price Target | $21.00 | $43.00 | | N/A |
| 7/29/2022 | CIVB Civista Bancshares | Downgrade | $18.00 | $25.00 | Outperform ➝ Market Perform | Low |
| 7/29/2022 | ALRS Alerus Financial | Upgrade | $16.00 | $27.00 ➝ $28.00 | Market Perform ➝ Outperform | Low |
| 7/28/2022 | MBWM Mercantile Bank | Upgrade | $30.00 | $41.00 | Market Perform ➝ Outperform | Low |
| 7/22/2022 | FFIN First Financial Bankshares | Lower Price Target | $32.00 | $44.50 | | Low |
| 7/8/2022 | HBCP Home Bancorp | Initiated Coverage | $35.00 | $46.00 | Outperform | N/A |
| 6/21/2022 | RNST Renasant | Upgrade | $31.00 | $34.00 | Market Perform ➝ Outperform | Low |
| 6/3/2022 | FNWB First Northwest Bancorp | Lower Price Target | $12.00 | $21.50 | | Low |
| 5/26/2022 | BCML BayCom | Boost Price Target | $17.00 | $28.00 | | Low |
| 5/20/2022 | NMFC New Mountain Finance | Lower Price Target | $12.00 | $12.50 | | Low |
| 5/20/2022 | RWAY Runway Growth Finance | Lower Price Target | $12.00 | $13.50 | | Low |
| 5/20/2022 | ORCC Owl Rock Capital | Lower Price Target | $12.00 | $14.00 | | Medium |
| 5/20/2022 | WHF WhiteHorse Finance | Lower Price Target | $12.00 | $13.00 | | High |
| 5/20/2022 | SLRC SLR Investment | Lower Price Target | $15.00 | $16.00 | | High |
| 5/20/2022 | ARCC Ares Capital | Lower Price Target | $17.00 | $19.00 | | Medium |
| 5/20/2022 | FDUS Fidus Investment | Lower Price Target | $18.00 | $19.00 | | Medium |
| 5/20/2022 | TSLX Sixth Street Specialty Lending | Lower Price Target | $17.00 | $21.00 | | Medium |
| 5/20/2022 | OCSL Oaktree Specialty Lending | Lower Price Target | $18.00 | $21.00 | | Medium |
| 5/20/2022 | FSK FS KKR Capital | Lower Price Target | $18.00 | $23.00 | | Low |
| 5/20/2022 | CSWC Capital Southwest | Lower Price Target | $17.00 | $22.00 | | Medium |
| 5/20/2022 | SAR Saratoga Investment | Lower Price Target | $24.00 | $28.00 | | Low |
| 5/20/2022 | MAIN Main Street Capital | Lower Price Target | $39.00 | $37.00 | | High |
| 5/18/2022 | FSFG First Savings Financial Group | Initiated Coverage | $16.00 | $30.00 | Outperform | Low |
| 5/18/2022 | ALRS Alerus Financial | Initiated Coverage | $16.00 | $29.00 | Market Perform | Medium |
| 5/18/2022 | SYBT Stock Yards Bancorp | Initiated Coverage | $53.00 | | Market Perform | Low |
| 5/6/2022 | ORCC Owl Rock Capital | Upgrade | $12.00 | $15.00 | Market Perform ➝ Outperform | Low |
| 4/27/2022 | ARCC Ares Capital | Upgrade | $17.00 | | Market Perform ➝ Outperform | Medium |
| 3/23/2022 | SCM Stellus Capital Investment | Downgrade | $14.00 | | Outperform ➝ Market Perform | Low |
| 3/23/2022 | CSWC Capital Southwest | Downgrade | $17.00 | | Outperform ➝ Market Perform | Low |
| 3/23/2022 | FDUS Fidus Investment | Downgrade | $18.00 | | Outperform ➝ Market Perform | Low |
| 3/7/2022 | ORCC Owl Rock Capital | Initiated Coverage | $12.00 | | Market Perform | High |
| 3/7/2022 | ARCC Ares Capital | Initiated Coverage | $17.00 | $22.50 | Market Perform | High |
| 3/7/2022 | MAIN Main Street Capital | Initiated Coverage | $39.00 | $44.00 | Market Perform | High |
| 3/4/2022 | WHF WhiteHorse Finance | Downgrade | $12.00 | $16.50 ➝ $15.50 | Outperform ➝ Market Perform | Medium |
| 3/2/2022 | FHN First Horizon | Downgrade | $16.00 | | Outperform ➝ Market Perform | Medium |
| 2/22/2022 | RBB RBB Bancorp | Downgrade | $16.00 | $35.00 ➝ $30.00 | Outperform ➝ Market Perform | High |
| 12/20/2021 | FBP First BanCorp. | Initiated Coverage | $11.00 | $17.00 | Outperform | High |
| 12/20/2021 | FNWB First Northwest Bancorp | Initiated Coverage | $12.00 | $23.00 | Outperform | High |
| 12/20/2021 | OFG OFG Bancorp | Initiated Coverage | $25.00 | $32.00 | Outperform | High |
| 12/20/2021 | BPOP Popular | Initiated Coverage | $53.00 | $107.00 | Outperform | Medium |
| 12/13/2021 | FRME First Merchants | Upgrade | $33.00 | $47.00 | Market Perform ➝ Outperform | Low |
| 12/8/2021 | RBCAA Republic Bancorp | Downgrade | $41.00 | $57.00 | Outperform ➝ Market Perform | Low |
| 11/19/2021 | RWAY Runway Growth Finance | Initiated Coverage | $12.00 | $14.50 | Outperform | Low |
| 9/17/2021 | WNEB Western New England Bancorp | Upgrade | $8.00 | | Market Perform ➝ Outperform | High |
| 9/17/2021 | VLY Valley National Bancorp | Upgrade | $9.00 | | Market Perform ➝ Outperform | High |
| 9/13/2021 | BY Byline Bancorp | Initiated Coverage | $21.00 | $28.00 | Outperform | Low |
| 9/2/2021 | TCBI Texas Capital Bancshares | Downgrade | $49.00 | | Outperform ➝ Market Perform | High |
| 8/9/2021 | FDUS Fidus Investment | Upgrade | $18.00 | $18.50 ➝ $19.00 | Market Perform ➝ Outperform | High |
