Ratings by Hovde Group (Brendan Nosal)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 6/16/2026 | RBB Bancorp | RBB | Upgrade | Outperform (Market Perform) |
25.00 (25.85) |
3.4% | Details | |
| 4/27/2026 | Citizens Community Bancorp | CZWI | Maintain | Outperform (N/A) |
|
Details | ||
| 4/21/2026 | Mercantile Bank Corporation | MBWM | Maintain | Outperform (N/A) |
|
Details | ||
| 3/6/2026 | SY Bancorp | SYBT | Upgrade | Outperform (Market Perform) |
64.50 (74.24) |
15.1% | Details | |
| 1/7/2026 | Lakeland Financial | LKFN | Downgrade | Market Perform (Outperform) |
57.58 (61.27) |
6.41% | Details | |
| 1/7/2026 | ChoiceOne Financial Services | COFS | Downgrade | Market Perform (Outperform) |
29.43 (32.68) |
11.04% | Details | |
| 1/7/2026 | Alerus Financial Corp. | ALRS | Downgrade | Market Perform (Outperform) |
23.37 (30.38) |
30% | Details | |
| 10/6/2025 | Commerce Bancshares | CBSH | New Coverage | Outperform (N/A) |
59.17 (55.96) |
-5.43% | Details | |
| 10/6/2025 | UMB Financial | UMBF | New Coverage | Outperform (N/A) |
119.50 (139.48) |
16.72% | Details | |
| 8/19/2025 | First Financial Bancorp | FFBC | New Coverage | Outperform (N/A) |
24.68 (32.47) |
31.56% | Details | |
| 8/18/2025 | Civista Bancshares | CIVB | Downgrade | Market Perform (Outperform) |
20.01 (27.42) |
37.03% | Details | |
| 7/9/2025 | Old National Bancorp | ONB | Maintain | Outperform (N/A) |
|
Details | ||
| 7/9/2025 | HBT Financial | HBT | Maintain | Outperform (N/A) |
|
Details | ||
| 7/9/2025 | Horizon Bancorp | HBNC | Maintain | Outperform (N/A) |
|
Details | ||
| 7/9/2025 | German American Bancorp Inc. | GABC | Maintain | Outperform (N/A) |
|
Details | ||
| 7/9/2025 | First Mid-Illinois Bancshares | FMBH | Maintain | Outperform (N/A) |
|
Details | ||
| 6/30/2025 | First Busey | BUSE | New Coverage | Market Perform (N/A) |
23.22 (28.88) |
24.38% | Details | |
| 5/6/2025 | Lakeland Financial | LKFN | Upgrade | Outperform (Market Perform) |
59.22 (61.27) |
3.46% | Details | |
| 5/6/2025 | HBT Financial | HBT | Upgrade | Outperform (Market Perform) |
23.57 (31.13) |
32.07% | Details | |
| 5/6/2025 | First Savings Financial Group | FSFG | Upgrade | Outperform (Market Perform) |
27.50 (33.98) |
23.56% | Details | |
| 5/6/2025 | Bank First National Corp. | BFC | Upgrade | Outperform (Market Perform) |
114.52 (144.66) |
26.32% | Details | |
| 3/27/2025 | HBT Financial | HBT | New Coverage | Market Perform (N/A) |
22.73 (31.13) |
36.96% | Details | |
| 3/25/2025 | Alerus Financial Corp. | ALRS | Maintain | Outperform (N/A) |
|
Details | ||
| 3/21/2025 | Lakeland Financial | LKFN | New Coverage | Market Perform (N/A) |
60.80 (61.27) |
0.77% | Details | |
| 3/17/2025 | Finward Bancorp | FNWD | Downgrade | Market Perform (Outperform) |
29.45 (34.12) |
15.86% | Details | |
| 3/10/2025 | ChoiceOne Financial Services | COFS | New Coverage | Outperform (N/A) |
30.61 (32.68) |
6.76% | Details | |
| 2/12/2025 | BayCom | BCML | Downgrade | Market Perform (Outperform) |
29.09 (32.34) |
11.17% | Details | |
| 1/31/2025 | First Merchants | FRME | Upgrade | Outperform (Market Perform) |
42.71 (41.91) |
-1.87% | Details | |
| 1/22/2025 | Mercantile Bank Corporation | MBWM | Upgrade | Outperform (Market Perform) |
46.76 (54.91) |
17.43% | Details | |
| 12/20/2024 | LCNB Corp. | LCNB | New Coverage | Market Perform (N/A) |
15.91 (17.39) |
9.3% | Details | |
| 11/13/2024 | Republic Bancorp | RBCAA | Downgrade | Market Perform (Outperform) |
78.12 (87.14) |
11.55% | Details | |
| 10/29/2024 | Civista Bancshares | CIVB | Upgrade | Outperform (Market Perform) |
18.50 (20.01) |
8.16% | Details | |
| 8/12/2024 | First Merchants | FRME | New Coverage | Market Perform (N/A) |
35.70 (41.91) |
17.39% | Details | |
| 7/15/2024 | RBB Bancorp | RBB | New Coverage | Market Perform (N/A) |
19.67 (25.00) |
27.1% | Details | |
| 7/5/2024 | Eagle Bancorp Montana | EBMT | New Coverage | Market Perform (N/A) |
12.95 (23.75) |
83.4% | Details | |
| 5/16/2024 | Alerus Financial Corp. | ALRS | Upgrade | Outperform (Market Perform) |
19.73 (30.38) |
53.98% | Details | |
| 4/5/2024 | Farmers & Merchants Bancorp | FMAO | New Coverage | Market Perform (N/A) |
21.35 (29.23) |
36.91% | Details | |
| 4/1/2024 | Peoples Bancorp | PEBO | New Coverage | Market Perform (N/A) |
29.61 (37.30) |
25.97% | Details | |
| 4/1/2024 | Middlefield Banc | MBCN | New Coverage | Market Perform (N/A) |
23.88 (33.67) |
41% | Details | |
| 4/1/2024 | Premier Financial Corp. | PFC | Upgrade | Outperform (Market Perform) |
20.30 (28.04) |
38.13% | Details | |
| 4/1/2024 | Civista Bancshares | CIVB | New Coverage | Market Perform (N/A) |
15.38 (27.42) |
78.28% | Details | |
| 3/4/2024 | Republic Bancorp | RBCAA | New Coverage | Outperform (N/A) |
48.50 (87.14) |
79.67% | Details | |
| 3/4/2024 | MidWest One Financial | MOFG | New Coverage | Market Perform (N/A) |
22.63 (49.31) |
117.9% | Details | |
| 3/4/2024 | Mercantile Bank Corporation | MBWM | New Coverage | Market Perform (N/A) |
36.38 (54.91) |
50.93% | Details | |
| 3/4/2024 | Independent Bank | IBCP | New Coverage | Market Perform (N/A) |
24.35 (35.21) |
44.6% | Details | |
| 3/4/2024 | Bank First National Corp. | BFC | New Coverage | Market Perform (N/A) |
85.03 (144.66) |
70.13% | Details | |
| 3/4/2024 | SY Bancorp | SYBT | New Coverage | Outperform (N/A) |
45.12 (64.50) |
42.95% | Details | |
| 3/4/2024 | Nicolet Bankshares | NIC | New Coverage | Outperform (N/A) |
78.98 (152.35) |
92.9% | Details | |
| 3/4/2024 | Citizens Community Bancorp | CZWI | New Coverage | Outperform (N/A) |
11.55 (22.90) |
98.27% | Details | |
| 3/4/2024 | Bridgewater Bancshares Inc. | BWB | New Coverage | Outperform (N/A) |
11.75 (20.44) |
73.96% | Details |
