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 (63.99) |
4.68% | Details | |
| 5/29/2026 | First united Corp. | FUNC | New Coverage | Outperform (N/A) |
39.00 (45.59) |
16.9% | Details | |
| 5/27/2026 | ACNB Corp. | ACNB | Downgrade | Market Perform (Outperform) |
55.06 (64.56) |
17.25% | Details | |
| 3/19/2026 | South State | SSB | Upgrade | Outperform (Market Perform) |
88.58 (106.60) |
20.34% | 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 (35.68) |
-2.27% | 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 (89.91) |
23.15% | Details | |
| 11/19/2025 | Shore Bancshares | SHBI | New Coverage | Outperform (N/A) |
15.55 (24.44) |
57.17% | Details | |
| 10/30/2025 | Renasant Corp | RNST | Upgrade | Outperform (Market Perform) |
33.68 (43.89) |
30.31% | Details | |
| 10/3/2025 | Northwest Bancshares, Inc. | NWBI | New Coverage | Market Perform (N/A) |
12.33 (15.90) |
28.95% | Details | |
| 6/27/2025 | S&T Bancorp Inc. | STBA | New Coverage | Market Perform (N/A) |
38.21 (53.36) |
39.65% | 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 (43.63) |
46.56% | 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 (30.28) |
15% | Details | |
| 11/20/2024 | Chain Bridge Bancorp | CBNA | New Coverage | Market Perform (N/A) |
24.20 (43.39) |
79.3% | 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 (43.63) |
6.05% | 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 (79.59) |
69.3% | Details | |
| 8/5/2024 | Renasant Corp | RNST | Upgrade | Outperform (Market Perform) |
33.36 (43.89) |
31.56% | 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 (33.65) |
17.25% | Details | |
| 7/25/2024 | Renasant Corp | RNST | Downgrade | Market Perform (Outperform) |
35.91 (43.89) |
22.22% | Details | |
| 6/28/2024 | First Community Bancshares | FCBC | New Coverage | Market Perform (N/A) |
35.79 (48.41) |
35.26% | Details | |
| 12/18/2023 | ACNB Corp. | ACNB | Downgrade | Market Perform (Outperform) |
47.59 (64.56) |
35.66% | Details | |
| 9/13/2023 | WesBanco | WSBC | Upgrade | Outperform (Market Perform) |
24.43 (42.01) |
71.96% | 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 (38.64) |
53.76% | Details | |
| 8/1/2023 | Valley National Bancorp | VLY | Downgrade | Market Perform (Outperform) |
10.26 (14.49) |
41.23% | Details | |
| 5/31/2023 | ACNB Corp. | ACNB | New Coverage | Outperform (N/A) |
30.32 (64.56) |
112.93% | Details | |
| 3/27/2023 | BankUnited | BKU | Upgrade | Outperform (Market Perform) |
22.46 (46.87) |
108.68% | Details | |
| 11/29/2022 | Atlantic Union Bankshares | AUB | New Coverage | Outperform (N/A) |
34.63 (43.08) |
24.4% | 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 |

