Overview

Equity Research

Hovde’s Equity Research group publishes in-depth analysis of small and mid-cap banks nationwide.

Our analysts have extensive experience, are committed to independent, objective analysis, and utilize their in-depth knowledge of the industry’s driving factors to deliver insightful research and actionable ideas.

Rigorous fundamental analysis is at the heart of our research process.  We include a critical evaluation of macro trends affecting the industry, local economic factors, an assessment of management and strategy, valuation, and financial and balance sheet positioning to identify value and investment opportunities.  With a focus on smaller companies, we seek to use our disciplined process to recognize misallocations of capital in these often overlooked stocks for the benefit of our investor clients.

We also work closely with our covered companies, many of which are newer to the public sphere and as a result, have had more limited interaction with professional investors.  We help our companies to better understand investor expectations, facilitate access to the investment community, and build and maintain these important relationships.

Hovde’s award-winning analysts are sought out for their industry insight and have been frequent contributors to leading publications and media outlets, including The Wall Street Journal, American Banker, S&P Global Market Intelligence, Bloomberg Markets, and CNBC.

Research Coverage

Northeast / Mid-Atlantic

SBNYSignature BankJoseph Fenech
VLYValley National BancorpJoseph Fenech
FULTFulton Financial GroupBrian Zabora
STLSterling BancorpJoseph Fenech
CBUCommunity Bank System Inc.Joseph Fenech
UBNKUnited Financial BancorpKevin Swanson
OCFCOceanFirst Financial Corp.Brian Zabora
EBSBMeridian Bancorp Inc.Kevin Swanson
BDGEBridge Bancorp Inc.Brian Zabora
PGCPeapack-Gladstone FinancialJoseph Fenech
FISIFinancial Institutions Inc.Joseph Fenech
NFBKNorthfield Bancorp Inc.Brian Zabora
OLBKOld Line Bancshares Inc.Joseph Fenech
EVBNEvans Bancorp Inc.Joseph Fenech
SBBXSB One BancorpJoseph Fenech

South Atlantic

SNVSynovus Financial Corp.Brian Zabora
FHNFirst Horizon National Corp.Brian Zabora
PNFPPinnacle Financial PartnersBrian Zabora
UCBIUnited Community Banks Inc.Kevin Swanson
STBZState Bank Finl Corp.Brian Zabora
FSBFranklin Financial Network Inc.Joseph Fenech
ENFCEntegra FinancialJoseph Fenech
SMBKSmartFinancial Inc.Joseph Fenech
RBNCReliant Bancorp Inc.Joseph Fenech
FCCOFirst Community Corp.Joseph Fenech

Florida

BKUBankUnited Inc.Joseph Fenech
FCBFCB Financial Holdings Inc.Joseph Fenech
CSFLCenterState Bank Corp.Joseph Fenech
SBCFSeacoast Banking Corp. of FLJoseph Fenech
CCBGCapital City Bank Group Inc.Joseph Fenech

Gulf South

HWCHancock Whitney Corp.Joseph Fenech
IBKCIBERIABANK Corp.Joseph Fenech
BXSBancorpSouth BankBrian Zabora
TRMKTrustmark Corp.Brian Zabora
HOMBHome BancShares Inc.Joseph Fenech
RNSTRenasant Corp.Brian Zabora
SFBSServisFirst Bancshares Inc.Kevin Swanson
BFSTBusiness First Bancshares Inc.Joseph Fenech
MSLMidSouth Bancorp Inc.Brian Zabora
ISTRInvestar Holding Corp.Joseph Fenech

South Central

BOKFBOK Financial Corp.Kevin Swanson
TCBITexas Capital Bancshares Inc.Brian Zabora
PBProsperity Bancshares Inc.Joseph Fenech
LTXBLegacyTexas Financial Group Inc.Brian Zabora
FFINFirst Financial BanksharesBrian Zabora
SBSISouthside Bancshares Inc.Brian Zabora
GNBCGreen Bancorp Inc.Brian Zabora

West

UMPQUmpqua Holdings Corp.Brian Zabora
CVBFCVB Financial Corp.Brian Zabora
OPBOpus BankBrian Zabora
NBHCNational Bank Holdings Corp.Brian Zabora
COBZCoBiz Financial Inc.Brian Zabora
GBNKGuaranty BancorpBrian Zabora
BSRRSierra BancorpBrian Zabora
PMBCPacific Mercantile BancorpBrian Zabora
PROVProvident Financial HoldingsBrian Zabora
FCBP First Choice BancorpBrian Zabora
CCB Coastal Financial Corp.Joseph Fenech

Midwest

WTFCWintrust Financial Corp.Brian Zabora
MBFIMB Financial Inc.Brian Zabora
ONBOld National BancorpKevin Swanson
RBCAARepublic Bancorp Inc.Kevin Swanson
PEBOPeoples Bancorp Inc.Kevin Swanson
MBWMMercantile Bank Corp.Kevin Swanson
NCBSNicolet Bankshares Inc.Joseph Fenech
GABCGerman American Bancorp Inc.Joseph Fenech
IBCPIndependent Bank Corp.Kevin Swanson
INBKFirst Internet BancorpJoseph Fenech
BFNCBank First National Corp.Joseph Fenech
MCBCMacatawa Bank Corp.Kevin Swanson
CIVBCivista Bancshares Inc.Kevin Swanson
ICBKCounty Bancorp Inc.Joseph Fenech
MFNCMackinac Financial Corp.Joseph Fenech
MBTFMBT Financial Corp.Kevin Swanson