Analyst Ratings Published by Boenning & Scattergood

3/2/18		Downgrades	Outperform Neutral	X
AFH Atlas Financial Boenning & Scattergood
	5/1/19	Downgrades	Outperform Neutral	X
	AOS A.O. Smith Boenning & Scattergood
	3/22/18	Upgrades	Neutral Outperform		X
	AOS A.O. Smith Boenning & Scattergood
	4/12/21	Downgrades	Outperform Neutral	X
	ARGO Argo Group Boenning & Scattergood
	10/2/18	Initiated	Outperform		X
	ARGO Argo Group Boenning & Scattergood
	$72
4/1/19		Initiated	Outperform	X
BDGE Bridge Bancorp Boenning & Scattergood
$34
	3/11/21	Downgrades	Outperform Neutral	X
	BMTC Bryn Mawr Bank Boenning & Scattergood
	10/19/18	Downgrades	Outperform Neutral		X
	BMTC Bryn Mawr Bank Boenning & Scattergood
	2/2/22	Downgrades	Outperform Neutral	X
	BPRN Bank of Princeton Boenning & Scattergood
	4/27/21	Upgrades	Neutral Outperform		X
	BPRN Bank of Princeton Boenning & Scattergood
	$33
	4/24/19	Downgrades	Outperform Neutral	X
	BPRN Bank of Princeton Boenning & Scattergood
5/4/21		Upgrades	Neutral Outperform		X
BWFG Bankwell Financial Group Boenning & Scattergood
$33
10/25/18		Upgrades	Under Perform Neutral	X
CHFC Chemical Financial Corp. Boenning & Scattergood
11/5/18		Downgrades	Outperform Neutral	X
CIVB Civista Bancshares Boenning & Scattergood
6/10/19		Initiated	Neutral	X
CWT California Water Boenning & Scattergood
11/28/18		Initiated	Outperform	X
DEA Easterly Government Properties Boenning & Scattergood
3/29/18		Downgrades	Neutral Under Perform	X
DRH Diamondrock Hospitality Boenning & Scattergood
	4/23/21	Upgrades	Neutral Outperform	X
	EIG Employers Holdings Boenning & Scattergood
	$49
	10/25/18	Upgrades	Neutral Outperform		X
	EIG Employers Holdings Boenning & Scattergood
	6/19/18	Initiated	Neutral		X
	EIG Employers Holdings Boenning & Scattergood
12/12/18		Initiated	Outperform	X
EPRT Essential Properties Realty Trust Boenning & Scattergood
$17
12/6/18		Initiated	Outperform	X
FCPT Four Corners Property Trust Boenning & Scattergood
	3/9/22	Upgrades	Neutral Outperform	X
	FELE Franklin Electric Boenning & Scattergood
	$95
	4/23/19	Downgrades	Outperform Neutral		X
	FELE Franklin Electric Boenning & Scattergood
4/1/19		Initiated	Neutral		X
FLIC The First of Long Island Boenning & Scattergood
12/18/18		Initiated	Outperform	X
FMNB Farmers National Boenning & Scattergood
$14.50
7/10/18		Initiated	Outperform	X
GOOD Gladstone Commercial Boenning & Scattergood
$21
5/9/19		Upgrades	Neutral Outperform	X
HALL Hallmark Capital Corp. Boenning & Scattergood
$13 $14
10/11/18		Initiated	Neutral	X
IEX IDEX Corp Boenning & Scattergood
9/17/18		Initiated	Neutral	X
IRET Investors Real Estate Trust Boenning & Scattergood
9/17/18		Initiated	Outperform	X
IRT Independence Realty Trust Boenning & Scattergood
	4/30/19	Upgrades	Neutral Outperform	X
	LBAI Lakeland Boenning & Scattergood
	$19
	9/10/18	Initiated	Neutral		X
	LBAI Lakeland Boenning & Scattergood
1/12/21		Upgrades	Neutral Outperform		X
LCNB LCNB Boenning & Scattergood
$17.50
3/29/18		Upgrades	Under Perform Neutral	X
LHO LaSalle Hotel Boenning & Scattergood
6/8/18		Initiated	Neutral	X
LKFN Lakeland Financial Boenning & Scattergood
5/15/19		Downgrades	Outperform Neutral	X
LNN Lindsay Corp Boenning & Scattergood
1/29/21		Upgrades	Neutral Outperform	X
MBCN Middlefield Banc Boenning & Scattergood
$24
11/3/21		Downgrades	Outperform Neutral	X
MKL Markel Corp Boenning & Scattergood
5/18/18		Initiated	Neutral	X
MLI Mueller Industries Boenning & Scattergood
6/29/18		Initiated	Outperform	X
MNR Monmouth Real Estate Boenning & Scattergood
6/4/21		Downgrades	Outperform Neutral	X
MSEX Middlesex Water Boenning & Scattergood
	11/9/21	Downgrades	Outperform Neutral	X
	MWA Mueller Water Boenning & Scattergood
	1/11/21	Upgrades	Neutral Outperform		X
	MWA Mueller Water Boenning & Scattergood
	$16
	2/2/18	Downgrades	Outperform Neutral	X
	MWA Mueller Water Boenning & Scattergood
9/17/18		Initiated	Outperform		X
NXRT NexPoint Residential Boenning & Scattergood
	2/1/21	Upgrades	Neutral Outperform	X
	OCFC OceanFirst Finl Boenning & Scattergood
	$24
	3/4/19	Downgrades	Outperform Neutral		X
	OCFC OceanFirst Finl Boenning & Scattergood
	12/21/18	Initiated	Outperform		X
	OCFC OceanFirst Finl Boenning & Scattergood
	5/6/19	Upgrades	Neutral Outperform	X
	PEI Pennsylvania R.E.I.T. Boenning & Scattergood
	12/20/18	Initiated	Neutral		X
	PEI Pennsylvania R.E.I.T. Boenning & Scattergood
2/21/18		Downgrades	Outperform Neutral	X
PK Park Hotels & Resorts Boenning & Scattergood
7/13/21		Initiated	Outperform	X
PNR Pentair Boenning & Scattergood
$100
11/19/18		Upgrades	Neutral Outperform	X
SASR Sandy Spring Banc Boenning & Scattergood
2/21/18		Upgrades	Neutral Outperform	X
SHO Sunstone Hotel Boenning & Scattergood
3/29/21		Initiated	Outperform	X
THG Hanover Insurance Boenning & Scattergood
$145
4/24/19		Upgrades	Neutral Outperform	X
TRCB Two River Bancorp Boenning & Scattergood
$18
3/20/19		Initiated	Neutral	X
UBSH Union Bankshares Boenning & Scattergood
9/17/18		Initiated	Outperform	X
UMH UMH Properties Boenning & Scattergood
	7/22/21	Upgrades	Neutral Outperform	X
	VMI Valmont Boenning & Scattergood
	$350
	7/13/18	Downgrades	Outperform Neutral		X
	VMI Valmont Boenning & Scattergood
6/26/19		Initiated	Outperform		X
WASH Washington Trust Boenning & Scattergood
3/4/21		Downgrades	Outperform Neutral	X
WSFS WSFS Financial Boenning & Scattergood
	8/20/18	Upgrades	Neutral Outperform	X
	WTR Aqua America Boenning & Scattergood
	4/26/18	Downgrades	Outperform Neutral		X
	WTR Aqua America Boenning & Scattergood
3/21/18		Downgrades	Outperform Neutral	X
WTS Watts Water Tech. Boenning & Scattergood