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 (63.54) |
3.94% | Details | |
| 5/29/2026 | First united Corp. | FUNC | New Coverage | Outperform (N/A) |
39.00 (44.45) |
13.97% | Details | |
| 5/27/2026 | ACNB Corp. | ACNB | Downgrade | Market Perform (Outperform) |
55.06 (65.19) |
18.4% | Details | |
| 3/19/2026 | South State | SSB | Upgrade | Outperform (Market Perform) |
88.58 (105.98) |
19.64% | 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 (35.29) |
-3.34% | 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 (42.13) |
-42.3% | Details | |
| 11/19/2025 | Shore Bancshares | SHBI | New Coverage | Outperform (N/A) |
15.55 (23.44) |
50.74% | Details | |
| 10/30/2025 | Renasant Corp | RNST | Upgrade | Outperform (Market Perform) |
33.68 (40.77) |
21.05% | Details | |
| 10/3/2025 | Northwest Bancshares, Inc. | NWBI | New Coverage | Market Perform (N/A) |
12.33 (15.49) |
25.63% | Details | |
| 6/27/2025 | S&T Bancorp Inc. | STBA | New Coverage | Market Perform (N/A) |
38.21 (49.99) |
30.83% | 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 (42.34) |
42.22% | 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 (31.06) |
17.96% | Details | |
| 11/20/2024 | Chain Bridge Bancorp | CBNA | New Coverage | Market Perform (N/A) |
24.20 (46.32) |
91.4% | 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 (42.34) |
2.92% | 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 (78.88) |
67.79% | Details | |
| 8/5/2024 | Renasant Corp | RNST | Upgrade | Outperform (Market Perform) |
33.36 (40.77) |
22.21% | 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 (33.98) |
18.4% | Details | |
| 7/25/2024 | Renasant Corp | RNST | Downgrade | Market Perform (Outperform) |
35.91 (40.77) |
13.53% | Details | |
| 6/28/2024 | First Community Bancshares | FCBC | New Coverage | Market Perform (N/A) |
35.79 (47.28) |
32.1% | Details | |
| 12/18/2023 | ACNB Corp. | ACNB | Downgrade | Market Perform (Outperform) |
47.59 (65.19) |
36.98% | Details | |
| 9/13/2023 | WesBanco | WSBC | Upgrade | Outperform (Market Perform) |
24.43 (40.18) |
64.47% | 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 (37.00) |
47.23% | Details | |
| 8/1/2023 | Valley National Bancorp | VLY | Downgrade | Market Perform (Outperform) |
10.26 (13.80) |
34.5% | Details | |
| 5/31/2023 | ACNB Corp. | ACNB | New Coverage | Outperform (N/A) |
30.32 (65.19) |
115.01% | Details | |
| 3/27/2023 | BankUnited | BKU | Upgrade | Outperform (Market Perform) |
22.46 (44.78) |
99.38% | Details | |
| 11/29/2022 | Atlantic Union Bankshares | AUB | New Coverage | Outperform (N/A) |
34.63 (39.72) |
14.7% | 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 |

