Nathan Race - Piper Sandler Analyst Performance This page shows the methodology used to calculate Nathan Race's recommendation performance. Listed below are links to the research notes issued, the price targets issued by the analyst, and the stock's actual price 12 months from the date the research note was issued. These rankings are based on research reports from . Rankings are updated daily. MarketBeat Analyst Ranking: Subscribe to MarketBeat All Access for the recommendation accuracy ratingAverage 12-Month ROI of Buy and Strong Buy Recommendations: ???% Export to Excel CompanyReport DateReport Date Price12-MonthPrice TargetRating12-MonthActual Price12-MonthROIDetailsBSVNBank77/18/2025$46.44$55.00Overweight???%???%STBAS&T Bancorp7/18/2025$39.25$42.00Neutral???%???%CBSHCommerce Bancshares7/17/2025$63.86$70.00Neutral???%???%NICNicolet Bankshares7/16/2025$128.84$140.00Neutral???%???%WTBAWest Bancorporation7/15/2025$20.01$21.50Neutral???%???%MSBIMidland States Bancorp7/11/2025$18.71$21.00Neutral???%???%FNWBFirst Northwest Bancorp7/10/2025$7.93Neutral???%???%OSBCOld Second Bancorp7/2/2025$18.70$24.50Overweight???%???%BUSEFirst Busey7/1/2025$22.89$30.00Overweight???%???%BWBBridgewater Bancshares6/26/2025$15.91$19.00Overweight???%???%UMBFUMB Financial6/13/2025$101.88$135.00Overweight???%???%UMBFUMB Financial5/2/2025$99.14$137.00Overweight???%???%ALRSAlerus Financial5/2/2025$20.18$23.00Neutral???%???%GABCGerman American Bancorp5/1/2025$37.82$42.00Neutral???%???%FSFGFirst Savings Financial Group4/29/2025$26.93$32.00Overweight???%???%FNWBFirst Northwest Bancorp4/29/2025$10.35$12.00Neutral???%???%MOFGMidWestOne Financial Group4/28/2025$27.91$33.00Neutral???%???%INBKFirst Internet Bancorp4/28/2025$20.41$24.00Neutral???%???%IBCPIndependent Bank4/28/2025$30.69$36.00Neutral???%???%HBNCHorizon Bancorp (IN)4/28/2025$14.55$17.00Neutral???%???%FRMEFirst Merchants4/28/2025$35.28$49.00Overweight???%???%FBIZFirst Business Financial Services4/28/2025$47.39$58.00Overweight???%???%SYBTStock Yards Bancorp4/24/2025$73.91$81.00Neutral???%???%QCRHQCR4/24/2025$64.85$88.00Overweight???%???%WTFCWintrust Financial4/23/2025$108.77$141.00Overweight???%???%CBSHCommerce Bancshares4/17/2025$60.71$66.00Neutral???%???%NICNicolet Bankshares4/16/2025$105.04$118.00Neutral???%???%FBIZFirst Business Financial Services2/4/2025$52.51$63.00Overweight???%???%FNWBFirst Northwest Bancorp2/3/2025$10.75$12.00Neutral???%???%ISBAIsabella Bank2/3/2025$25.80$28.00Neutral???%???%FRMEFirst Merchants1/31/2025$44.94$55.00Overweight???%???%BWBBridgewater Bancshares1/31/2025$14.20$17.00Overweight???%???%FSFGFirst Savings Financial Group1/31/2025$24.40$30.00Overweight???%???%ALRSAlerus Financial1/30/2025$20.95$24.00Neutral???%???%UMBFUMB Financial1/30/2025$122.56$143.00Overweight???%???%GABCGerman American Bancorp1/29/2025$42.18$48.00Neutral???%???%MSBIMidland States Bancorp1/28/2025$19.71$23.00Neutral???%???%INBKFirst Internet Bancorp1/27/2025$33.75$38.00Neutral???%???%HBNCHorizon Bancorp (IN)1/27/2025$17.08$19.00Neutral???%???%HBTHBT Financial1/24/2025$23.30$26.00Neutral???%???%WTFCWintrust Financial1/23/2025$132.91$156.00Overweight???%???%CBSHCommerce Bancshares1/23/2025$65.12$72.00Neutral???%???%NICNicolet Bankshares1/22/2025$109.17$120.00Neutral???%???%BSVNBank71/17/2025$44.55$55.00Overweight???%???%CBSHCommerce Bancshares10/18/2024$60.99$68.50Neutral???%???% Return to Analyst Rankings Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. 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