| Date | Company Name | Action | Current
Price | Price
Target | Rating | Impact on
Share Price |
|---|
| 9/13/2022 | BHLB Berkshire Hills Bancorp | Initiated Coverage | $28.00 | $33.00 | Outperform | Low |
| 8/22/2022 | CBNK Capital Bancorp | Boost Price Target | $24.00 | $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 | $11.00 | $15.00 | | Low |
| 8/15/2022 | MVBF MVB Financial | Lower Price Target | $29.00 | $43.00 | | N/A |
| 8/9/2022 | PFHD Professional | Downgrade | $26.00 | $32.00 | Outperform ➝ Market Perform | Low |
| 7/29/2022 | CIVB Civista Bancshares | Downgrade | $21.00 | $25.00 | Outperform ➝ Market Perform | Low |
| 7/29/2022 | ALRS Alerus Financial | Upgrade | $22.00 | $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 | $43.00 | $44.50 | | Low |
| 7/8/2022 | HBCP Home Bancorp | Initiated Coverage | $39.00 | $46.00 | Outperform | N/A |
| 6/21/2022 | RNST Renasant | Upgrade | $32.00 | $34.00 | Market Perform ➝ Outperform | Low |
| 6/3/2022 | FNWB First Northwest Bancorp | Lower Price Target | $16.00 | $21.50 | | Low |
| 5/26/2022 | BCML BayCom | Boost Price Target | $18.00 | $28.00 | | Low |
| 5/20/2022 | OCSL Oaktree Specialty Lending | Lower Price Target | $6.00 | $7.00 | | Medium |
| 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 | $11.00 | $13.50 | | Low |
| 5/20/2022 | ORCC Owl Rock Capital | Lower Price Target | $11.00 | $14.00 | | Medium |
| 5/20/2022 | WHF WhiteHorse Finance | Lower Price Target | $11.00 | $13.00 | | High |
| 5/20/2022 | SLRC SLR Investment | Lower Price Target | $13.00 | $16.00 | | High |
| 5/20/2022 | ARCC Ares Capital | Lower Price Target | $18.00 | $19.00 | | Medium |
| 5/20/2022 | FDUS Fidus Investment | Lower Price Target | $17.00 | $19.00 | | Medium |
| 5/20/2022 | TSLX Sixth Street Specialty Lending | Lower Price Target | $17.00 | $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 | $18.00 | $22.00 | | Medium |
| 5/20/2022 | SAR Saratoga Investment | Lower Price Target | $22.00 | $28.00 | | Low |
| 5/20/2022 | MAIN Main Street Capital | Lower Price Target | $35.00 | $37.00 | | High |
| 5/18/2022 | FSFG First Savings Financial Group | Initiated Coverage | $23.00 | $30.00 | Outperform | Low |
| 5/18/2022 | ALRS Alerus Financial | Initiated Coverage | $22.00 | $29.00 | Market Perform | Medium |
| 5/18/2022 | SYBT Stock Yards Bancorp | Initiated Coverage | $70.00 | | Market Perform | Low |
| 5/6/2022 | ORCC Owl Rock Capital | Upgrade | $11.00 | $15.00 | Market Perform ➝ Outperform | Low |
| 4/27/2022 | ARCC Ares Capital | Upgrade | $18.00 | | Market Perform ➝ Outperform | Medium |
| 3/23/2022 | SCM Stellus Capital Investment | Downgrade | $12.00 | | Outperform ➝ Market Perform | Low |
| 3/23/2022 | FDUS Fidus Investment | Downgrade | $17.00 | | Outperform ➝ Market Perform | Low |
| 3/23/2022 | CSWC Capital Southwest | Downgrade | $18.00 | | Outperform ➝ Market Perform | Low |
| 3/7/2022 | ORCC Owl Rock Capital | Initiated Coverage | $11.00 | | Market Perform | High |
| 3/7/2022 | ARCC Ares Capital | Initiated Coverage | $18.00 | $22.50 | Market Perform | High |
| 3/7/2022 | MAIN Main Street Capital | Initiated Coverage | $35.00 | $44.00 | Market Perform | High |
| 3/4/2022 | WHF WhiteHorse Finance | Downgrade | $11.00 | $16.50 ➝ $15.50 | Outperform ➝ Market Perform | Medium |
| 3/2/2022 | FHN First Horizon | Downgrade | $23.00 | | Outperform ➝ Market Perform | Medium |
| 2/22/2022 | RBB RBB Bancorp | Downgrade | $21.00 | $35.00 ➝ $30.00 | Outperform ➝ Market Perform | High |
| 12/20/2021 | FBP First BanCorp. | Initiated Coverage | $14.00 | $17.00 | Outperform | High |
| 12/20/2021 | FNWB First Northwest Bancorp | Initiated Coverage | $16.00 | $23.00 | Outperform | High |
| 12/20/2021 | OFG OFG Bancorp | Initiated Coverage | $26.00 | $32.00 | Outperform | High |
| 12/20/2021 | BPOP Popular | Initiated Coverage | $73.00 | $107.00 | Outperform | Medium |
| 12/13/2021 | FRME First Merchants | Upgrade | $40.00 | $47.00 | Market Perform ➝ Outperform | Low |
| 12/8/2021 | RBCAA Republic Bancorp | Downgrade | $39.00 | $57.00 | Outperform ➝ Market Perform | Low |
| 11/19/2021 | RWAY Runway Growth Finance | Initiated Coverage | $11.00 | $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 | $11.00 | | 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 | $61.00 | | Outperform ➝ Market Perform | High |
| 8/9/2021 | FDUS Fidus Investment | Upgrade | $17.00 | $18.50 ➝ $19.00 | Market Perform ➝ Outperform | High |
| 8/5/2021 | CVBF CVB Financial | Upgrade | $26.00 | $22.00 ➝ $23.00 | Market Perform ➝ Outperform | Medium |
| 7/26/2021 | SBSI Southside Bancshares | Reiterated Rating | $36.00 | $42.00 ➝ $34.82 | Market Perform | Low |
| 7/22/2021 | BOKF BOK Financial | Lower Price Target | $88.00 | $99.00 ➝ $93.00 | Market Perform | Low |
| 6/23/2021 | FHN First Horizon | Upgrade | $23.00 | $20.00 | Market Perform ➝ Outperform | Low |
| 6/7/2021 | FBMS First Bancshares | Initiated Coverage | $30.00 | | Market Perform | Low |
| 5/10/2021 | FDUS Fidus Investment | Downgrade | $17.00 | $17.00 ➝ $18.50 | Outperform ➝ Market Perform | Medium |
| 5/3/2021 | EVBN Evans Bancorp | Downgrade | $37.00 | $37.00 ➝ $38.00 | Outperform ➝ Market Perform | N/A |
| 4/12/2021 | WNEB Western New England Bancorp | Initiated Coverage | $8.00 | $8.50 | Market Perform | Medium |
| 4/7/2021 | VLY Valley National Bancorp | Downgrade | $11.00 | | Outperform ➝ Market Perform | Low |
| 4/7/2021 | PGC Peapack-Gladstone Financial | Downgrade | $34.00 | | Outperform ➝ Market Perform | Low |
| 4/7/2021 | SFBS ServisFirst Bancshares | Downgrade | $82.00 | | Outperform ➝ Market Perform | Medium |
| 4/5/2021 | TCBI Texas Capital Bancshares | Upgrade | $61.00 | $73.50 ➝ $82.50 | Market Perform ➝ Outperform | Low |
| 3/31/2021 | PEBO Peoples Bancorp | Upgrade | $29.00 | $34.00 ➝ $40.00 | Market Perform ➝ Outperform | Medium |
| 3/19/2021 | CSTR CapStar Financial | Initiated Coverage | $19.00 | $22.00 | Outperform | High |
| 3/8/2021 | BKU BankUnited | Upgrade | $35.00 | $42.00 ➝ $51.00 | Market Perform ➝ Outperform | High |
| 3/5/2021 | OCSL Oaktree Specialty Lending | Initiated Coverage | $6.00 | $7.25 | Outperform | Low |
| 3/5/2021 | NMFC New Mountain Finance | Initiated Coverage | $12.00 | $13.50 | Market Perform | Low |
| 3/5/2021 | FDUS Fidus Investment | Initiated Coverage | $17.00 | $17.00 | Outperform | Medium |
| 3/5/2021 | FSK FS KKR Capital | Initiated Coverage | $18.00 | $23.00 | Outperform | Low |
| 3/5/2021 | CSWC Capital Southwest | Initiated Coverage | $18.00 | $24.00 | Outperform | Low |
| 3/5/2021 | SAR Saratoga Investment | Initiated Coverage | $22.00 | $29.00 | Outperform | Low |
| 2/26/2021 | RBB RBB Bancorp | Initiated Coverage | $21.00 | $25.00 | Outperform | Medium |
| 2/8/2021 | RBCAA Republic Bancorp | Upgrade | $39.00 | $38.00 ➝ $46.00 | Market Perform ➝ Outperform | High |
| 2/1/2021 | PROV Provident Financial | Downgrade | $15.00 | $17.00 | Outperform ➝ Market Perform | Low |
| 1/29/2021 | SBT Sterling Bancorp | Initiated Coverage | $6.00 | $6.00 | Outperform | Low |
| 1/25/2021 | SBNY Signature Bank | Upgrade | $155.00 | $125.00 ➝ $195.00 | Market Perform ➝ Outperform | Medium |
| 10/14/2020 | CUBI Customers Bancorp | Initiated Coverage | $30.00 | $20.00 | Outperform | Low |
| 9/30/2020 | PB Prosperity Bancshares | Upgrade | $68.00 | $55.00 ➝ $57.00 | Underperform ➝ Market Perform | Low |
| 5/29/2020 | CVBF CVB Financial | Upgrade | $26.00 | $20.00 ➝ $20.50 | Underperform ➝ Market Perform | Low |
| 5/27/2020 | IBTX Independent Bank Group | Upgrade | $64.00 | $59.00 ➝ $42.00 | Market Perform ➝ Outperform | High |
| 5/19/2020 | MYFW First Western Financial | Initiated Coverage | $25.00 | $15.00 | Outperform | High |
| 4/27/2020 | FCCO First Community | Upgrade | $17.00 | $18.00 ➝ $17.00 | Market Perform ➝ Outperform | High |
| 4/8/2020 | CVBF CVB Financial | Downgrade | $26.00 | $18.00 ➝ $19.00 | Market Perform ➝ Underperform | Low |
| 3/30/2020 | CBU Community Bank System | Downgrade | $62.00 | $65.00 | Outperform ➝ Market Perform | Medium |
| 3/3/2020 | PFHD Professional | Initiated Coverage | $26.00 | $21.50 | Outperform | Low |
| 3/2/2020 | CBU Community Bank System | Upgrade | $62.00 | $72.00 ➝ $70.00 | Market Perform ➝ Outperform | High |
| 2/13/2020 | EBMT Eagle Bancorp Montana | Initiated Coverage | $18.00 | $25.50 | Outperform | Medium |
| 2/6/2020 | EVBN Evans Bancorp | Upgrade | $37.00 | $41.00 ➝ $43.00 | Market Perform ➝ Outperform | N/A |
| 2/5/2020 | MCBS MetroCity Bankshares | Downgrade | $20.00 | $17.00 | Outperform ➝ Market Perform | Low |
| 1/29/2020 | SBNY Signature Bank | Downgrade | $155.00 | $161.00 | Outperform ➝ Market Perform | Medium |
| 1/14/2020 | INBK First Internet Bancorp | Upgrade | $35.00 | $29.00 | Market Perform ➝ Outperform | Low |
| 12/16/2019 | UCBI United Community Banks | Downgrade | $34.00 | $33.00 | Outperform ➝ Market Perform | Low |
| 12/11/2019 | IBTX Independent Bank Group | Downgrade | $64.00 | | Outperform ➝ Hold | Medium |
| 12/11/2019 | PB Prosperity Bancshares | Downgrade | $68.00 | | Market Perform ➝ Underperform | Low |
| 11/20/2019 | SBNY Signature Bank | Upgrade | $155.00 | $140.00 | Market Perform ➝ Outperform | Low |
| 10/29/2019 | MCBS MetroCity Bankshares | Initiated Coverage | $20.00 | $18.00 | Outperform | Low |
