Ratings by Raymond James (Daniel Tamayo)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 7/7/2026 | Park National | PRK | New Coverage | Market Perform (N/A) |
185.08 (202.13) |
9.21% | Details | |
| 7/7/2026 | Wintrust Financial | WTFC | New Coverage | Outperform (N/A) |
162.79 (152.67) |
-6.22% | Details | |
| 7/7/2026 | SY Bancorp | SYBT | New Coverage | Market Perform (N/A) |
77.84 (81.93) |
5.25% | Details | |
| 7/7/2026 | Old Second Bancorp | OSBC | New Coverage | Outperform (N/A) |
23.22 (25.34) |
9.13% | Details | |
| 7/7/2026 | Old National Bancorp | ONB | New Coverage | Market Perform (N/A) |
26.45 (25.81) |
-2.42% | Details | |
| 7/7/2026 | German American Bancorp Inc. | GABC | New Coverage | Market Perform (N/A) |
47.48 (49.90) |
5.1% | Details | |
| 7/7/2026 | Byline Bancorp | BY | New Coverage | Market Perform (N/A) |
37.38 (38.25) |
2.33% | Details | |
| 6/23/2026 | Nicolet Bankshares | NIC | New Coverage | Market Perform (N/A) |
151.25 (173.23) |
14.53% | Details | |
| 4/30/2026 | First Mid-Illinois Bancshares | FMBH | Maintain | Outperform (N/A) |
|
Details | ||
| 4/27/2026 | Enterprise Financial Services | EFSC | New Coverage | Outperform (N/A) |
58.83 (63.67) |
8.23% | Details | |
| 4/27/2026 | QCR Holdings | QCRH | Maintain | Outperform (N/A) |
|
Details | ||
| 4/27/2026 | Fulton Financial | FULT | Maintain | Outperform (N/A) |
|
Details | ||
| 4/27/2026 | First Financial Bancorp | FFBC | Maintain | Outperform (N/A) |
|
Details | ||
| 4/27/2026 | First Business Financial | FBIZ | Maintain | Outperform (N/A) |
|
Details | ||
| 4/27/2026 | ConnectOne Bankcorp | CNOB | Maintain | Strong Buy (N/A) |
|
Details | ||
| 3/12/2026 | WesBanco | WSBC | Maintain | Strong Buy (N/A) |
|
Details | ||
| 2/11/2026 | Webster Financial | WBS | Downgrade | Market Perform (Outperform) |
73.21 (77.57) |
5.96% | Details | |
| 1/26/2026 | Community Trust Bancorp | CTBI | Maintain | Outperform (N/A) |
|
Details | ||
| 1/22/2026 | F.N.B. Corporation | FNB | Maintain | Outperform (N/A) |
|
Details | ||
| 1/21/2026 | Mercantile Bank Corporation | MBWM | Maintain | Outperform (N/A) |
|
Details | ||
| 1/7/2026 | Webster Financial | WBS | Maintain | Outperform (N/A) |
|
Details | ||
| 1/7/2026 | Mercantile Bank Corporation | MBWM | Maintain | Outperform (N/A) |
|
Details | ||
| 12/31/2025 | OceanFirst Financial | OCFC | Downgrade | Market Perform (Outperform) |
19.59 (19.06) |
-2.71% | Details | |
| 10/20/2025 | Webster Financial | WBS | Maintain | Outperform (N/A) |
|
Details | ||
| 10/15/2025 | Community Trust Bancorp | CTBI | Maintain | Outperform (N/A) |
|
Details | ||
| 9/26/2025 | First Merchants | FRME | Downgrade | Market Perform (Outperform) |
39.53 (42.03) |
6.32% | Details | |
| 8/29/2025 | First Busey | BUSE | Maintain | Outperform (N/A) |
|
Details | ||
| 7/24/2025 | Mercantile Bank Corporation | MBWM | Upgrade | Outperform (Market Perform) |
48.91 (59.61) |
21.88% | Details | |
| 7/22/2025 | Mercantile Bank Corporation | MBWM | Maintain | Market Perform (N/A) |
|
Details | ||
| 7/18/2025 | F.N.B. Corporation | FNB | Maintain | Outperform (N/A) |
|
Details | ||
| 7/17/2025 | Community Trust Bancorp | CTBI | Maintain | Outperform (N/A) |
|
Details | ||
| 6/25/2025 | First Financial Bancorp | FFBC | Maintain | Market Perform (N/A) |
|
Details | ||
| 6/24/2025 | First Financial Bancorp | FFBC | Maintain | Market Perform (N/A) |
|
Details | ||
| 6/3/2025 | ACNB Corp. | ACNB | Maintain | Outperform (N/A) |
|
Details | ||
| 4/28/2025 | First Business Financial | FBIZ | Maintain | Outperform (N/A) |
|
Details | ||
| 4/21/2025 | Farmers National Banc | FMNB | Maintain | Outperform (N/A) |
|
Details | ||
| 4/17/2025 | F.N.B. Corporation | FNB | Maintain | Outperform (N/A) |
|
Details | ||
| 3/21/2025 | ACNB Corp. | ACNB | New Coverage | Outperform (N/A) |
41.25 (64.45) |
56.24% | Details | |
| 3/20/2025 | First Merchants | FRME | Maintain | Outperform (N/A) |
|
Details | ||
| 1/31/2025 | S&T Bancorp Inc. | STBA | Maintain | Market Perform (N/A) |
|
Details | ||
| 1/22/2025 | F.N.B. Corporation | FNB | Maintain | Outperform (N/A) |
|
Details | ||
| 1/17/2025 | Webster Financial | WBS | Maintain | Outperform (N/A) |
|
Details | ||
| 12/19/2024 | OceanFirst Financial | OCFC | Upgrade | Strong Buy (Outperform) |
17.94 (19.59) |
9.2% | Details | |
| 11/21/2024 | F.N.B. Corporation | FNB | Maintain | Outperform (N/A) |
|
Details | ||
| 10/21/2024 | OceanFirst Financial | OCFC | Maintain | Outperform (N/A) |
|
Details | ||
| 10/18/2024 | Community Trust Bancorp | CTBI | Upgrade | Outperform (Market Perform) |
52.38 (76.52) |
46.09% | Details | |
| 7/26/2024 | First Busey | BUSE | Maintain | Outperform (N/A) |
|
Details | ||
| 4/19/2024 | F.N.B. Corporation | FNB | Maintain | Outperform (N/A) |
|
Details | ||
| 1/5/2024 | OceanFirst Financial | OCFC | Upgrade | Outperform (Market Perform) |
16.97 (19.06) |
12.32% | Details | |
| 1/5/2024 | Farmers National Banc | FMNB | Upgrade | Outperform (Market Perform) |
13.92 (15.69) |
12.72% | Details | |
| 10/23/2023 | Webster Financial | WBS | Maintain | Outperform (N/A) |
|
Details | ||
| 7/31/2023 | First Business Financial | FBIZ | Maintain | Outperform (N/A) |
|
Details | ||
| 7/31/2023 | First Busey | BUSE | Maintain | Outperform (N/A) |
|
Details | ||
| 7/31/2023 | ConnectOne Bankcorp | CNOB | Upgrade | Strong Buy (Market Perform) |
19.89 (32.27) |
62.24% | Details | |
| 7/31/2023 | First Bancorp | FBNC | Downgrade | Market Perform (Outperform) |
34.19 (64.70) |
89.24% | Details | |
| 7/27/2023 | First Merchants | FRME | Maintain | Outperform (N/A) |
|
Details | ||
| 7/24/2023 | Webster Financial | WBS | Maintain | Outperform (N/A) |
|
Details | ||
| 5/1/2023 | First Mid-Illinois Bancshares | FMBH | Maintain | Outperform (N/A) |
|
Details | ||
| 4/26/2023 | First Merchants | FRME | Maintain | Outperform (N/A) |
|
Details | ||
| 4/24/2023 | Webster Financial | WBS | Maintain | Outperform (N/A) |
|
Details | ||
| 4/6/2023 | Webster Financial | WBS | Maintain | Outperform (N/A) |
|
Details | ||
| 4/6/2023 | First Merchants | FRME | Maintain | Outperform (N/A) |
|
Details | ||
| 4/6/2023 | First Business Financial | FBIZ | Maintain | Outperform (N/A) |
|
Details | ||
| 4/6/2023 | First Busey | BUSE | Maintain | Outperform (N/A) |
|
Details | ||
| 4/6/2023 | First Bancorp | FBNC | Maintain | Outperform (N/A) |
|
Details | ||
| 4/6/2023 | F.N.B. Corporation | FNB | Maintain | Outperform (N/A) |
|
Details | ||
| 2/24/2023 | Limestone | LMST | Downgrade | Market Perform (Outperform) |
27.20 (23.42) |
-13.9% | Details | |
| 2/21/2023 | First Merchants | FRME | Downgrade | Outperform (Strong Buy) |
42.29 (39.53) |
-6.53% | Details | |
| 1/30/2023 | First Mid-Illinois Bancshares | FMBH | Maintain | Outperform (N/A) |
|
Details | ||
| 1/30/2023 | First Merchants | FRME | Maintain | Strong Buy (N/A) |
|
Details | ||
| 1/30/2023 | First Busey | BUSE | Maintain | Outperform (N/A) |
|
Details | ||
| 1/30/2023 | First Bancorp | FBNC | Maintain | Outperform (N/A) |
|
Details | ||
| 1/18/2023 | Mercantile Bank Corporation | MBWM | Downgrade | Market Perform (Outperform) |
35.08 (48.91) |
39.42% | Details | |
| 11/17/2022 | OceanFirst Financial | OCFC | New Coverage | Market Perform (N/A) |
23.69 (19.06) |
-19.54% | Details | |
| 11/4/2022 | Webster Financial | WBS | New Coverage | Outperform (N/A) |
52.27 (73.21) |
40.06% | Details | |
| 10/31/2022 | First Mid-Illinois Bancshares | FMBH | Maintain | Outperform (N/A) |
|
Details | ||
| 10/31/2022 | First Business Financial | FBIZ | Maintain | Outperform (N/A) |
|
Details | ||
| 10/31/2022 | First Bancorp | FBNC | Maintain | Outperform (N/A) |
|
Details | ||
| 10/26/2022 | First Merchants | FRME | Maintain | Strong Buy (N/A) |
|
Details | ||
| 10/6/2022 | Mercantile Bank Corporation | MBWM | Downgrade | Outperform (Strong Buy) |
31.77 (59.61) |
87.63% | Details | |
| 10/6/2022 | Farmers National Banc | FMNB | Downgrade | Market Perform (Outperform) |
12.99 (15.69) |
20.79% | Details | |
| 8/1/2022 | Farmers National Banc | FMNB | Maintain | Outperform (N/A) |
|
Details | ||
| 8/1/2022 | First Bancorp | FBNC | Maintain | Outperform (N/A) |
|
Details | ||
| 7/29/2022 | First Busey | BUSE | Maintain | Outperform (N/A) |
|
Details | ||
| 7/7/2022 | First Mid-Illinois Bancshares | FMBH | Downgrade | Market Perform (Outperform) |
36.22 (50.28) |
38.82% | Details | |
| 6/23/2022 | First Bancorp | FBNC | Maintain | Outperform (N/A) |
|
Details | ||
| 5/2/2022 | First Bancorp | FBNC | Maintain | Outperform (N/A) |
|
Details | ||
| 5/2/2022 | Farmers National Banc | FMNB | Maintain | Outperform (N/A) |
|
Details | ||
| 5/2/2022 | First Busey | BUSE | Maintain | Outperform (N/A) |
|
Details | ||
| 4/25/2022 | Limestone | LMST | Maintain | Outperform (N/A) |
|
Details | ||
| 3/2/2022 | Mercantile Bank Corporation | MBWM | Upgrade | Strong Buy (Outperform) |
36.87 (31.77) |
-13.83% | Details | |
| 2/28/2022 | First Bancorp | FBNC | New Coverage | Outperform (N/A) |
44.81 (64.70) |
44.39% | Details | |
| 1/31/2022 | First Merchants | FRME | Maintain | Outperform (N/A) |
|
Details | ||
| 1/31/2022 | First Busey | BUSE | Upgrade | Outperform (Market Perform) |
27.60 (30.30) |
9.78% | Details | |
| 1/25/2022 | Guaranty Federal Bancshares | GFED | Maintain | Outperform (N/A) |
|
Details | ||
| 1/24/2022 | Limestone | LMST | Maintain | Outperform (N/A) |
|
Details | ||
| 1/19/2022 | Mercantile Bank Corporation | MBWM | Upgrade | Outperform (Market Perform) |
38.64 (59.61) |
54.27% | Details | |
| 1/6/2022 | Farmers National Banc | FMNB | Maintain | Outperform (N/A) |
|
Details | ||
| 11/1/2021 | Farmers National Banc | FMNB | Maintain | Outperform (N/A) |
|
Details | ||
| 10/25/2021 | Limestone | LMST | Maintain | Outperform (N/A) |
|
Details | ||
| 7/28/2021 | First Merchants | FRME | Maintain | Outperform (N/A) |
|
Details | ||
| 6/7/2021 | First Business Financial | FBIZ | Maintain | Outperform (N/A) |
|
Details | ||
| 6/3/2021 | Limestone | LMST | Maintain | Outperform (N/A) |
|
Details | ||
| 4/27/2021 | First Merchants | FRME | Maintain | Outperform (N/A) |
|
Details | ||
| 4/7/2021 | Guaranty Federal Bancshares | GFED | Upgrade | Outperform (Market Perform) |
19.31 (31.43) |
62.77% | Details | |
| 3/16/2021 | Farmers National Banc | FMNB | Maintain | Outperform (N/A) |
|
Details | ||
| 2/1/2021 | Farmers National Banc | FMNB | Maintain | Outperform (N/A) |
|
Details | ||
| 2/1/2021 | First Business Financial | FBIZ | Maintain | Outperform (N/A) |
|
Details | ||
| 1/25/2021 | Limestone | LMST | Upgrade | Outperform (Market Perform) |
13.76 (23.42) |
70.2% | Details | |
| 6/17/2020 | Farmers National Banc | FMNB | Upgrade | Outperform (Market Perform) |
12.02 (12.99) |
8.07% | Details | |
| 6/17/2020 | First Merchants | FRME | Downgrade | Market Perform (Outperform) |
28.62 (42.03) |
46.86% | Details | |
| 6/17/2020 | Guaranty Federal Bancshares | GFED | Downgrade | Market Perform (Outperform) |
16.90 (31.43) |
85.98% | Details | |
| 6/17/2020 | First Mid-Illinois Bancshares | FMBH | Downgrade | Market Perform (Strong Buy) |
26.84 (50.28) |
87.33% | Details | |
| 6/17/2020 | First Defiance Financial | FDEF | Upgrade | Outperform (Market Perform) |
18.31 (18.12) |
-1.04% | Details | |
| 6/17/2020 | First Business Financial | FBIZ | Upgrade | Outperform (Market Perform) |
16.28 (68.69) |
321.93% | Details | |
| 4/22/2020 | Tristate Capital Holdings | TSC | Maintain | Outperform (N/A) |
|
Details | ||
| 4/6/2020 | First Mid-Illinois Bancshares | FMBH | Upgrade | Strong Buy (Outperform) |
21.52 (50.28) |
133.64% | Details |

