Ratings by Hovde Group (David Bishop)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 6/10/2026 | Franklin Financial Services Corp | FRAF | Downgrade | Market Perform (Outperform) |
61.13 (62.58) |
2.37% | Details | |
| 5/29/2026 | First united Corp. | FUNC | New Coverage | Outperform (N/A) |
39.00 (45.35) |
16.28% | Details | |
| 5/27/2026 | ACNB Corp. | ACNB | Downgrade | Market Perform (Outperform) |
55.06 (60.45) |
9.79% | Details | |
| 3/19/2026 | South State | SSB | Upgrade | Outperform (Market Perform) |
88.58 (103.19) |
16.49% | Details | |
| 3/11/2026 | Franklin Financial Services Corp | FRAF | New Coverage | Underperform (Underperform) |
49.87 (61.13) |
22.58% | Details | |
| 2/9/2026 | United Community Banks | UCB | Downgrade | Market Perform (Outperform) |
36.51 (36.45) |
-0.16% | Details | |
| 12/19/2025 | LINKBANCORP | LNKB | Downgrade | Market Perform (Outperform) |
8.52 (8.69) |
2% | Details | |
| 12/19/2025 | ServisFirst Bancshares | SFBS | Upgrade | Outperform (Market Perform) |
73.01 (86.94) |
19.08% | Details | |
| 11/19/2025 | Shore Bancshares | SHBI | New Coverage | Outperform (N/A) |
15.55 (23.18) |
49.07% | Details | |
| 10/30/2025 | Renasant Corp | RNST | Upgrade | Outperform (Market Perform) |
33.68 (43.70) |
29.75% | Details | |
| 10/3/2025 | Northwest Bancshares, Inc. | NWBI | New Coverage | Market Perform (N/A) |
12.33 (15.53) |
25.95% | Details | |
| 6/27/2025 | S&T Bancorp Inc. | STBA | New Coverage | Market Perform (N/A) |
38.21 (49.97) |
30.78% | Details | |
| 5/14/2025 | Orrstown Financial Services | ORRF | Maintain | Outperform (N/A) |
|
Details | ||
| 4/30/2025 | Orrstown Financial Services | ORRF | Upgrade | Outperform (Market Perform) |
29.77 (41.34) |
38.86% | Details | |
| 4/29/2025 | Capital Bancorp | CBNK | Maintain | Outperform (N/A) |
|
Details | ||
| 4/7/2025 | United Community Banks | UCB | Upgrade | Outperform (Market Perform) |
24.24 (36.51) |
50.62% | Details | |
| 3/25/2025 | BankUnited | BKU | Maintain | Outperform (N/A) |
|
Details | ||
| 3/20/2025 | United Community Banks | UCB | Maintain | Market Perform (N/A) |
|
Details | ||
| 2/11/2025 | First National Corp. | FXNC | Downgrade | Market Perform (Outperform) |
26.33 (29.51) |
12.08% | Details | |
| 11/20/2024 | Chain Bridge Bancorp | CBNA | New Coverage | Market Perform (N/A) |
24.20 (41.93) |
73.26% | Details | |
| 11/13/2024 | South State | SSB | Downgrade | Market Perform (Outperform) |
108.37 (88.58) |
-18.26% | Details | |
| 11/13/2024 | Orrstown Financial Services | ORRF | Downgrade | Market Perform (Outperform) |
41.14 (41.34) |
0.49% | Details | |
| 11/13/2024 | Renasant Corp | RNST | Downgrade | Market Perform (Outperform) |
37.40 (33.68) |
-9.95% | Details | |
| 9/9/2024 | Southern States Bancshares Inc | SSBK | New Coverage | Outperform (N/A) |
30.33 (36.37) |
19.91% | Details | |
| 8/9/2024 | Customers Bancorp | CUBI | Downgrade | Market Perform (Outperform) |
47.01 (78.31) |
66.58% | Details | |
| 8/5/2024 | Renasant Corp | RNST | Upgrade | Outperform (Market Perform) |
33.36 (43.70) |
31% | Details | |
| 7/31/2024 | ACNB Corp. | ACNB | Upgrade | Outperform (Market Perform) |
39.19 (55.06) |
40.5% | Details | |
| 7/29/2024 | Seacoast Banking | SBCF | Downgrade | Market Perform (Outperform) |
28.70 (33.89) |
18.08% | Details | |
| 7/25/2024 | Renasant Corp | RNST | Downgrade | Market Perform (Outperform) |
35.91 (43.70) |
21.69% | Details | |
| 6/28/2024 | First Community Bancshares | FCBC | New Coverage | Market Perform (N/A) |
35.79 (44.92) |
25.51% | Details | |
| 12/18/2023 | ACNB Corp. | ACNB | Downgrade | Market Perform (Outperform) |
47.59 (60.45) |
27.02% | Details | |
| 9/13/2023 | WesBanco | WSBC | Upgrade | Outperform (Market Perform) |
24.43 (40.80) |
67.01% | Details | |
| 9/5/2023 | Valley National Bancorp | VLY | Upgrade | Outperform (Market Perform) |
9.44 (10.72) |
13.56% | Details | |
| 8/11/2023 | TowneBank | TOWN | New Coverage | Market Perform (N/A) |
25.13 (36.57) |
45.52% | Details | |
| 8/1/2023 | Valley National Bancorp | VLY | Downgrade | Market Perform (Outperform) |
10.26 (14.95) |
45.71% | Details | |
| 5/31/2023 | ACNB Corp. | ACNB | New Coverage | Outperform (N/A) |
30.32 (60.45) |
99.37% | Details | |
| 3/27/2023 | BankUnited | BKU | Upgrade | Outperform (Market Perform) |
22.46 (48.86) |
117.54% | Details | |
| 11/29/2022 | Atlantic Union Bankshares | AUB | New Coverage | Outperform (N/A) |
34.63 (42.65) |
23.16% | Details | |
| 8/9/2022 | Professional Holding | PFHD | Downgrade | Market Perform (Outperform) |
29.65 (28.65) |
-3.37% | Details | |
| 7/22/2022 | City Holding | CHCO | Maintain | Market Perform (N/A) |
|
Details |

