Nathan Race Analyst Performance

Managing Director, Senior Research Analyst at Piper Sandler

Nathan Race is a stock analyst at Piper Sandler focused in the finance sector, covering 29 publicly traded companies. Over the past year, Nathan Race has issued 64 stock ratings, including buy and hold recommendations. While full access to Nathan Race's proprietary MarketBeat Analyst Ranking is reserved for MarketBeat All Access subscribers, the rating is updated daily to reflect the most recent analyst activity. This profile highlights Nathan Race's coverage history, rating activity, and performance tendencies — helping individual investors make more informed trading decisions.

Analyst Rankings, Coverage, and Performance Statistics

Analyst Ranking

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Average Return

00.00% 12-Month ROI

Success Rate

00.00% Profitable Ratings

Total Ratings

64 Last 0 Years

Buy Recommendations

39.06% 25 Buy Ratings

Companies Covered

29 Unique Companies

Ratings Distribution

Rating	Percentage	Count
Strong Buy	0.0%	0 ratings
Buy	39.1%	25 ratings
Hold	60.9%	39 ratings
Sell	0.0%	0 ratings

Out of 64 total stock ratings issued by Nathan Race at Piper Sandler, the majority (60.9%) have been Hold recommendations, followed by 39.1% Buy.

Best & Worst Calls

This analyst does not have any ratings with enough history to determine best and worst calls.

Exchange Coverage

Exchange	Percentage	Count
NASDAQ	93.1% of companies on NASDAQ	27 companies
OTCMKTS	3.4% of companies on OTCMKTS	1 company
NYSE	3.4% of companies on NYSE	1 company

Nathan Race, an analyst at Piper Sandler, currently covers 29 companies listed on NASDAQ, OTCMKTS and NYSE, with the majority traded on NASDAQ.

Coverage Focus

Sector Icon	Sector	Percentage
	Finance 28 companies	96.6%
	Financial Services 1 company	3.4%

Nathan Race of Piper Sandler specializes in stock coverage within the Finance sector, with additional focus on Financial Services companies.

Coverage Industries

Industry	Percentage
BANKS - MIDWEST 13 companies	44.8%
BANKS - NORTHEAST 7 companies	24.1%
FIN - SVGS & LOAN 3 companies	10.3%
BANKS - SOUTHEAST 2 companies	6.9%
FIN - MISC SVCS 1 company	3.4%
STATE COMMERCIAL BANKS 1 company	3.4%
STATE COMMERCIAL BANKS – FED RESERVE SYSTEM 1 company	3.4%
BANKS - WEST 1 company	3.4%

Nathan Race's Ratings History at Piper Sandler

Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 2 Years 3 Years 4 Years 5 Years All Time Timeframe

Start Date

End Date

All Ratings Strong Buy Buy Hold Sell Rating

Recommendation ROI is the percentage between the price on the Report Date to the price 12 months after the report date.
Available with a MarketBeat All Access Subscription

12-Month ROIUpgrade to All Access to use the All ROI Filter

Export to Excel

Company	Report Date	Action	Report Date Price	12-Month Price Target	Rating	12-Month Price & ROI	Details
SMBC Southern Missouri Bancorp	8/28/2025	Initiated Coverage	$57.78	$66.00	Neutral	$0.00 00.00% ROI
UMBF UMB Financial	7/31/2025	Boost Price Target	$109.58	$148.00	Overweight	$0.00 00.00% ROI
GABC German American Bancorp	7/31/2025	Boost Price Target	$38.49	$44.00	Neutral	$0.00 00.00% ROI
ALRS Alerus Financial	7/30/2025	Boost Price Target	$22.33	$25.50	Neutral	$0.00 00.00% ROI
MOFG MidWestOne Financial Group	7/29/2025	Lower Price Target	$28.44	$31.00	Neutral	$0.00 00.00% ROI
ISBA Isabella Bank	7/29/2025	Lower Price Target	$30.30	$34.00	Neutral	$0.00 00.00% ROI
FBIZ First Business Financial Services	7/29/2025	Boost Price Target	$48.80	$58.00	Overweight	$0.00 00.00% ROI
ISBA Isabella Bank	7/29/2025	Lower Price Target	$29.35	$34.00	Neutral	$0.00 00.00% ROI
WTBA West Bancorporation	7/28/2025	Lower Price Target	$18.69	$20.50	Neutral	$0.00 00.00% ROI
QCRH QCR	7/28/2025	Boost Price Target	$74.30	$92.50	Overweight	$0.00 00.00% ROI
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SRCE 1st Source	7/28/2025	Boost Price Target	$62.55	$80.00	Overweight	$0.00 00.00% ROI
INBK First Internet Bancorp	7/28/2025	Lower Price Target	$23.08	$26.00	Neutral	$0.00 00.00% ROI
HBNC Horizon Bancorp (IN)	7/28/2025	Boost Price Target	$15.71	$18.00	Neutral	$0.00 00.00% ROI
FRME First Merchants	7/28/2025	Lower Price Target	$40.03	$48.00	Overweight	$0.00 00.00% ROI
BWB Bridgewater Bancshares	7/28/2025	Boost Price Target	$16.20	$20.00	Overweight	$0.00 00.00% ROI
SYBT Stock Yards Bancorp	7/24/2025	Boost Price Target	$80.27	$86.00	Neutral	$0.00 00.00% ROI
WTFC Wintrust Financial	7/23/2025	Reiterated Rating	$135.54	$160.00	Overweight	$0.00 00.00% ROI
MBWM Mercantile Bank	7/23/2025	Boost Price Target	$48.99	$56.00	Neutral	$0.00 00.00% ROI
HBT HBT Financial	7/22/2025	Boost Price Target	$26.66	$29.00	Neutral	$0.00 00.00% ROI
BSVN Bank7	7/18/2025	Boost Price Target	$46.44	$55.00	Overweight	$0.00 00.00% ROI
STBA S&T Bancorp	7/18/2025	Initiated Coverage	$39.25	$42.00	Neutral	$0.00 00.00% ROI
CBSH Commerce Bancshares	7/17/2025	Boost Price Target	$63.86	$70.00	Neutral	$0.00 00.00% ROI
NIC Nicolet Bankshares	7/16/2025	Reiterated Rating	$128.84	$140.00	Neutral	$0.00 00.00% ROI
WTBA West Bancorporation	7/15/2025	Reiterated Rating	$20.01	$21.50	Neutral	$0.00 00.00% ROI
MSBI Midland States Bancorp	7/11/2025	Reiterated Rating	$18.71	$21.00	Neutral	$0.00 00.00% ROI
FNWB First Northwest Bancorp	7/10/2025	Reiterated Rating	$7.93		Neutral	$0.00 00.00% ROI
OSBC Old Second Bancorp	7/2/2025	Reiterated Rating	$18.70	$24.50	Overweight	$0.00 00.00% ROI
BUSE First Busey	7/1/2025	Initiated Coverage	$22.89	$30.00	Overweight	$0.00 00.00% ROI
BWB Bridgewater Bancshares	6/26/2025	Reiterated Rating	$15.91	$19.00	Overweight	$0.00 00.00% ROI
UMBF UMB Financial	6/13/2025	Set Price Target	$101.88	$135.00	Overweight	$0.00 00.00% ROI
UMBF UMB Financial	5/2/2025	Reiterated Rating	$99.14	$137.00	Overweight	$0.00 00.00% ROI
ALRS Alerus Financial	5/2/2025	Boost Price Target	$20.18	$23.00	Neutral	$0.00 00.00% ROI
GABC German American Bancorp	5/1/2025	Lower Price Target	$37.82	$42.00	Neutral	$0.00 00.00% ROI
FSFG First Savings Financial Group	4/29/2025	Boost Price Target	$26.93	$32.00	Overweight	$0.00 00.00% ROI
FNWB First Northwest Bancorp	4/29/2025	Boost Price Target	$10.35	$12.00	Neutral	$0.00 00.00% ROI
MOFG MidWestOne Financial Group	4/28/2025	Lower Price Target	$27.91	$33.00	Neutral	$0.00 00.00% ROI
INBK First Internet Bancorp	4/28/2025	Lower Price Target	$20.41	$24.00	Neutral	$0.00 00.00% ROI
IBCP Independent Bank	4/28/2025	Lower Price Target	$30.69	$36.00	Neutral	$0.00 00.00% ROI
HBNC Horizon Bancorp (IN)	4/28/2025	Lower Price Target	$14.55	$17.00	Neutral	$0.00 00.00% ROI
FRME First Merchants	4/28/2025	Lower Price Target	$35.28	$49.00	Overweight	$0.00 00.00% ROI
FBIZ First Business Financial Services	4/28/2025	Boost Price Target	$47.39	$58.00	Overweight	$0.00 00.00% ROI
SYBT Stock Yards Bancorp	4/24/2025	Set Price Target	$73.91	$81.00	Neutral	$0.00 00.00% ROI
QCRH QCR	4/24/2025	Lower Price Target	$64.85	$88.00	Overweight	$0.00 00.00% ROI
WTFC Wintrust Financial	4/23/2025	Lower Price Target	$108.77	$141.00	Overweight	$0.00 00.00% ROI
CBSH Commerce Bancshares	4/17/2025	Boost Price Target	$60.71	$66.00	Neutral	$0.00 00.00% ROI
NIC Nicolet Bankshares	4/16/2025	Lower Price Target	$105.04	$118.00	Neutral	$0.00 00.00% ROI
FBIZ First Business Financial Services	2/4/2025	Boost Price Target	$52.51	$63.00	Overweight	$0.00 00.00% ROI
FNWB First Northwest Bancorp	2/3/2025	Boost Price Target	$10.75	$12.00	Neutral	$0.00 00.00% ROI
ISBA Isabella Bank	2/3/2025	Boost Price Target	$25.80	$28.00	Neutral	$0.00 00.00% ROI
FRME First Merchants	1/31/2025	Reiterated Rating	$44.94	$55.00	Overweight	$0.00 00.00% ROI
BWB Bridgewater Bancshares	1/31/2025	Lower Price Target	$14.20	$17.00	Overweight	$0.00 00.00% ROI
FSFG First Savings Financial Group	1/31/2025	Lower Price Target	$24.40	$30.00	Overweight	$0.00 00.00% ROI
ALRS Alerus Financial	1/30/2025	Boost Price Target	$20.95	$24.00	Neutral	$0.00 00.00% ROI
UMBF UMB Financial	1/30/2025	Boost Price Target	$122.56	$143.00	Overweight	$0.00 00.00% ROI
GABC German American Bancorp	1/29/2025	Lower Price Target	$42.18	$48.00	Neutral	$0.00 00.00% ROI
MSBI Midland States Bancorp	1/28/2025	Lower Price Target	$19.71	$23.00	Neutral	$0.00 00.00% ROI
INBK First Internet Bancorp	1/27/2025	Lower Price Target	$33.75	$38.00	Neutral	$0.00 00.00% ROI
HBNC Horizon Bancorp (IN)	1/27/2025	Lower Price Target	$17.08	$19.00	Neutral	$0.00 00.00% ROI
HBT HBT Financial	1/24/2025	Lower Price Target	$23.30	$26.00	Neutral	$0.00 00.00% ROI
WTFC Wintrust Financial	1/23/2025	Boost Price Target	$132.91	$156.00	Overweight	$0.00 00.00% ROI
CBSH Commerce Bancshares	1/23/2025	Boost Price Target	$65.12	$72.00	Neutral	$0.00 00.00% ROI
NIC Nicolet Bankshares	1/22/2025	Boost Price Target	$109.17	$120.00	Neutral	$0.00 00.00% ROI
BSVN Bank7	1/17/2025	Boost Price Target	$44.55	$55.00	Overweight	$0.00 00.00% ROI
CBSH Commerce Bancshares	10/18/2024	Set Price Target	$60.99	$68.50	Neutral	$0.00 00.00% ROI

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