Nathan Race Analyst PerformanceManaging Director, Senior Research Analyst at Piper SandlerNathan Race is a stock analyst at Piper Sandler focused in the finance sector, covering 34 publicly traded companies. Over the past year, Nathan Race has issued 115 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 StatisticsAnalyst RankingSubscribe to MarketBeat All Access for the analyst's recommendation accuracy rating MarketBeatAverage Return00.00% 12-Month ROISuccess Rate00.00% Profitable RatingsTotal Ratings163 Last 1 YearsBuy Recommendations43.04% 68 Buy RatingsCompanies Covered34 Unique Companies Ratings Distribution158RatingsDistribution of strong buy, buy, hold, and sell ratings by Nathan Race.RatingPercentageCount Strong Buy0.0%0 ratings Buy43.0%68 ratings Hold57.0%90 ratings Sell0.0%0 ratingsOut of 158 total stock ratings issued by Nathan Race at Piper Sandler, the majority (57.0%) have been Hold recommendations, followed by 43.0% Buy.Best & Worst CallsBest Call000.0%QCRHApr 2025Subscribe to MarketBeat All Access to get analyst recommendation ROI.Worst Call000.0%FRMEJan 2025Subscribe to MarketBeat All Access to get analyst recommendation ROI.Exchange CoverageExchangePercentageCountNASDAQ91.2% of companies on NASDAQ31 companiesNYSE8.8% of companies on NYSE3 companiesNathan Race, an analyst at Piper Sandler, currently covers 34 companies listed on NASDAQ and NYSE, with the majority traded on NASDAQ.Coverage FocusSector IconSectorPercentageFinance30 companies88.2%Financial Services3 companies8.8%Miscellaneous1 company2.9%Nathan Race of Piper Sandler specializes in stock coverage within the Finance sector, with additional focus on Financial Services and companies.Coverage IndustriesIndustryPercentageBANKS - MIDWEST15 companies44.1%BANKS - NORTHEAST7 companies20.6%FIN - SVGS & LOAN3 companies8.8%STATE COMMERCIAL BANKS – FED RESERVE SYSTEM3 companies8.8%BANKS - SOUTHEAST2 companies5.9%Miscellaneous1 company2.9%NATIONAL COMMERCIAL BANKS1 company2.9%FIN - MISC SVCS1 company2.9%BANKS - WEST1 company2.9% 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 Subscription12-Month ROIUpgrade to All Access to use the All ROI Filter Export CompanyReport DateActionReport Date Price12-MonthPrice TargetRating12-MonthPrice & ROIDetailsBWBBridgewater Bancshares7/23/2026Boost Price Target$20.73$24.00Overweight$0.0000.00% ROIWTFCWintrust Financial7/22/2026Set Price Target$158.02$186.00$0.0000.00% ROIPEBOPeoples Bancorp7/22/2026Set Price Target$39.84$46.00$0.0000.00% ROINICNicolet Bankshares7/22/2026Set Price Target$172.04$194.00$0.0000.00% ROIMBWMMercantile Bank7/22/2026Set Price Target$58.61$65.00$0.0000.00% ROIPEBOPeoples Bancorp7/22/2026Reiterated Rating$39.50Overweight$0.0000.00% ROINICNicolet Bankshares7/22/2026Reiterated Rating$167.85Overweight$0.0000.00% ROIWTFCWintrust Financial7/22/2026Reiterated Rating$158.93Overweight$0.0000.00% ROIMBWMMercantile Bank7/22/2026Reiterated Rating$59.68Neutral$0.0000.00% ROICBSHCommerce Bancshares7/17/2026Reiterated Rating$59.40$66.00Neutral$0.0000.00% ROI Get the Latest News and Ratings for Your StocksEnter your email address below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter. BSVNBank77/17/2026Boost Price Target$50.50$61.00Overweight$0.0000.00% ROIFRBTForbright7/6/2026Initiated Coverage$18.75$21.50Neutral$0.0000.00% ROIFRBTForbright7/6/2026Initiated Coverage$18.90$21.50Hold$0.0000.00% ROIWTBAWest Bancorporation6/26/2026Boost Price Target$25.89$27.00Neutral$0.0000.00% ROIUMBFUMB Financial6/26/2026Boost Price Target$143.41$161.00Overweight$0.0000.00% ROISYBTStock Yards Bancorp6/26/2026Reiterated Rating$75.85$81.00Neutral$0.0000.00% ROISMBCSouthern Missouri Bancorp6/26/2026Reiterated Rating$74.76$79.00Neutral$0.0000.00% ROIPRKPark National6/26/2026Boost Price Target$181.62$189.00Neutral$0.0000.00% ROIPEBOPeoples Bancorp6/26/2026Boost Price Target$37.98$43.00Overweight$0.0000.00% ROIOSBCOld Second Bancorp6/26/2026Boost Price Target$23.02$26.00Overweight$0.0000.00% ROIMSBIMidland States Bancorp6/26/2026Boost Price Target$30.51$32.00Neutral$0.0000.00% ROIMBWMMercantile Bank6/26/2026Boost Price Target$56.27$60.00Neutral$0.0000.00% ROIINBKFirst Internet Bancorp6/26/2026Boost Price Target$27.41$26.00Neutral$0.0000.00% ROIALRSAlerus Financial6/26/2026Boost Price Target$30.63$32.00Neutral$0.0000.00% ROIHBTHBT Financial6/26/2026Boost Price Target$31.85$34.00Neutral$0.0000.00% ROIFRMEFirst Merchants6/26/2026Boost Price Target$44.10$51.00Overweight$0.0000.00% ROICBSHCommerce Bancshares6/26/2026Boost Price Target$57.54$59.00Neutral$0.0000.00% ROIBUSEFirst Busey6/26/2026Boost Price Target$29.53$32.00Overweight$0.0000.00% ROIEQBKEquity Bancshares6/22/2026Reiterated Rating$46.78Overweight$0.0000.00% ROIEFSCEnterprise Financial Services6/18/2026Boost Price Target$61.97$67.00Neutral$0.0000.00% ROIPEBOPeoples Bancorp6/10/2026Reiterated Rating$36.00Overweight$0.0000.00% ROIINBKFirst Internet Bancorp5/1/2026Boost Price Target$22.92$24.00Neutral$0.0000.00% ROIALRSAlerus Financial5/1/2026Boost Price Target$26.94$28.50Neutral$0.0000.00% ROIUMBFUMB Financial4/30/2026Boost Price Target$124.22$155.00Overweight$0.0000.00% ROIBUSEFirst Busey4/30/2026Boost Price Target$25.77$30.00Overweight$0.0000.00% ROIHBTHBT Financial4/28/2026Boost Price Target$27.79$32.00Neutral$0.0000.00% ROISYBTStock Yards Bancorp4/27/2026Reiterated Rating$70.49$78.00Neutral$0.0000.00% ROISRCE1st Source4/27/2026Boost Price Target$73.11$88.00Overweight$0.0000.00% ROISMBCSouthern Missouri Bancorp4/27/2026Reiterated Rating$67.27$71.00Neutral$0.0000.00% ROIQCRHQCR4/27/2026Lower Price Target$88.39$107.00Overweight$0.0000.00% ROITrump's New Dollar (Ad)Porter Stansberry says President Trump has signed an executive order initiating what he calls a full U.S. dollar reset - and most Americans don't know it's happening. The last time America underwent a monetary shift like this, under Nixon in the 1970s, it minted an average of 1,300 new millionaires a day for over half a century. Stansberry has released a new documentary naming the assets he believes are positioned to surge as a result.Watch the free briefing and see the three steps to prepare todayPRKPark National4/27/2026Boost Price Target$171.87$188.00Neutral$0.0000.00% ROIOSBCOld Second Bancorp4/27/2026Lower Price Target$20.00$25.00Overweight$0.0000.00% ROIMSBIMidland States Bancorp4/27/2026Boost Price Target$25.00$28.00Neutral$0.0000.00% ROIISBAIsabella Bank4/27/2026Lower Price Target$41.63$47.00Neutral$0.0000.00% ROIHBNCHorizon Bancorp (IN)4/27/2026Reiterated Rating$17.83$21.00Neutral$0.0000.00% ROIIBCPIndependent Bank4/27/2026Lower Price Target$33.54$37.00Neutral$0.0000.00% ROIPEBOPeoples Bancorp4/23/2026Boost Price Target$33.92$41.00Overweight$0.0000.00% ROICBSHCommerce Bancshares4/23/2026Reiterated Rating$50.60$58.50Neutral$0.0000.00% ROIWTFCWintrust Financial4/22/2026Reiterated Rating$150.26$188.00Overweight$0.0000.00% ROINICNicolet Bankshares4/22/2026Lower Price Target$154.50$183.00Overweight$0.0000.00% ROIEQBKEquity Bancshares4/16/2026Boost Price Target$45.03$58.00Overweight$0.0000.00% ROIBSVNBank74/15/2026Boost Price Target$43.95$57.00Overweight$0.0000.00% ROIGABCGerman American Bancorp3/20/2026Upgrade$39.82$47.00Overweight$0.0000.00% ROIHBTHBT Financial3/13/2026Boost Price Target$26.29$30.00Neutral$0.0000.00% ROINICNicolet Bankshares2/19/2026Upgrade$153.63$185.00Overweight$0.0000.00% ROIFRMEFirst Merchants2/4/2026Boost Price Target$40.81$49.00Overweight$0.0000.00% ROIPRKPark National2/3/2026Boost Price Target$166.27$183.00Neutral$0.0000.00% ROIFBIZFirst Business Financial Services2/3/2026Reiterated Rating$58.84$70.00Overweight$0.0000.00% ROIQCRHQCR1/30/2026Reiterated Rating$90.77$108.00Overweight$0.0000.00% ROISYBTStock Yards Bancorp1/30/2026Reiterated Rating$66.94$76.00Neutral$0.0000.00% ROIINBKFirst Internet Bancorp1/30/2026Lower Price Target$22.24$23.50Neutral$0.0000.00% ROIBUSEFirst Busey1/30/2026Boost Price Target$24.68$29.00Overweight$0.0000.00% ROIUMBFUMB Financial1/29/2026Boost Price Target$124.66$152.00Overweight$0.0000.00% ROIGABCGerman American Bancorp1/29/2026Boost Price Target$40.68$47.00Neutral$0.0000.00% ROIBWBBridgewater Bancshares1/29/2026Reiterated Rating$18.77$23.00Overweight$0.0000.00% ROIEFSCEnterprise Financial Services1/28/2026Boost Price Target$57.06$64.00Neutral$0.0000.00% ROICBCCentral Bancompany1/28/2026Boost Price Target$24.50$30.00Overweight$0.0000.00% ROISRCE1st Source1/26/2026Boost Price Target$66.15$83.00Overweight$0.0000.00% ROISMBCSouthern Missouri Bancorp1/26/2026Reiterated Rating$60.68$68.00Neutral$0.0000.00% ROIMSBIMidland States Bancorp1/26/2026Boost Price Target$23.00$25.50Neutral$0.0000.00% ROIIBCPIndependent Bank1/26/2026Boost Price Target$34.71$39.00Neutral$0.0000.00% ROICBSHCommerce Bancshares1/26/2026Set Price Target$53.21$62.00Neutral$0.0000.00% ROIWTFCWintrust Financial1/22/2026Boost Price Target$151.54$184.00Overweight$0.0000.00% ROINICNicolet Bankshares1/21/2026Boost Price Target$131.62$148.00Neutral$0.0000.00% ROIMBWMMercantile Bank1/21/2026Set Price Target$50.63$57.00$0.0000.00% ROIEQBKEquity Bancshares1/12/2026Boost Price Target$45.76$57.00Overweight$0.0000.00% ROICBSHCommerce Bancshares1/9/2026Reiterated Rating$55.01$64.00Neutral$0.0000.00% ROIMBWMMercantile Bank1/8/2026Reiterated Rating$48.75$55.50Neutral$0.0000.00% ROIMSBIMidland States Bancorp12/2/2025Boost Price Target$16.56$19.00Neutral$0.0000.00% ROIFNWBFirst Northwest Bancorp11/7/2025Upgrade$8.82$13.50Overweight$0.0000.00% ROIMSBIMidland States Bancorp11/4/2025Lower Price Target$16.25$18.00Neutral$0.0000.00% ROIFBIZFirst Business Financial Services11/4/2025Boost Price Target$50.17$61.00Overweight$0.0000.00% ROIALRSAlerus Financial11/4/2025Lower Price Target$20.95$24.00Neutral$0.0000.00% ROIISBAIsabella Bank10/31/2025Boost Price Target$35.59$38.50Neutral$0.0000.00% ROIBUSEFirst Busey10/31/2025Lower Price Target$22.40$26.00Overweight$0.0000.00% ROIUMBFUMB Financial10/30/2025Reiterated Rating$108.68$145.00Overweight$0.0000.00% ROIPRKPark National10/29/2025Lower Price Target$159.04$176.00Neutral$0.0000.00% ROIEFSCEnterprise Financial Services10/29/2025Lower Price Target$53.95$62.00Neutral$0.0000.00% ROIFRMEFirst Merchants10/27/2025Lower Price Target$37.27$46.00Overweight$0.0000.00% ROIWTBAWest Bancorporation10/27/2025Boost Price Target$20.99$24.00Neutral$0.0000.00% ROIWill you miss the REAL SpaceX opportunity? (Ad)When SpaceX went public, retail traders rushed to buy the stock itself. Millionaire trader Tim Bohen says that misses the point entirely. History shows the real opportunities from a company of SpaceX's size emerge in the aftermath, not the IPO frenzy. Bohen called Tesla in 2020 at just $37 a share, and now says he's more bullish than ever with Elon Musk becoming the world's first trillionaire.Watch Tim Bohen's free video breakdown of what comes nextSTBAS&T Bancorp10/27/2025Lower Price Target$36.44$40.00Neutral$0.0000.00% ROIQCRHQCR10/27/2025Boost Price Target$76.89$97.00Overweight$0.0000.00% ROIINBKFirst Internet Bancorp10/27/2025Lower Price Target$19.94$22.00Neutral$0.0000.00% ROIWTFCWintrust Financial10/22/2025Reiterated Rating$129.29$161.00Overweight$0.0000.00% ROIPEBOPeoples Bancorp10/22/2025Lower Price Target$29.76$33.50Overweight$0.0000.00% ROIHBTHBT Financial10/21/2025Lower Price Target$24.84$27.50Neutral$0.0000.00% ROICBSHCommerce Bancshares10/17/2025Lower Price Target$49.90$60.00Neutral$0.0000.00% ROIEFSCEnterprise Financial Services10/15/2025Initiated Coverage$57.96$64.00Neutral$0.0000.00% ROIEQBKEquity Bancshares10/8/2025Initiated Coverage$40.54$54.00Overweight$0.0000.00% ROISMBCSouthern Missouri Bancorp8/28/2025Initiated Coverage$57.78$66.00Neutral$0.0000.00% ROIUMBFUMB Financial7/31/2025Boost Price Target$109.58$148.00Overweight$0.0000.00% ROIGABCGerman American Bancorp7/31/2025Boost Price Target$38.49$44.00Neutral$0.0000.00% ROIALRSAlerus Financial7/30/2025Boost Price Target$22.33$25.50Neutral$0.0000.00% ROIMOFGMidWestOne Financial Group7/29/2025Lower Price Target$28.44$31.00Neutral$0.0000.00% ROIFBIZFirst Business Financial Services7/29/2025Boost Price Target$48.80$58.00Overweight$0.0000.00% ROIISBAIsabella Bank7/29/2025Lower Price Target$29.35$34.00Neutral$0.0000.00% ROIWTBAWest Bancorporation7/28/2025Lower Price Target$18.69$20.50Neutral$0.0000.00% ROIQCRHQCR7/28/2025Boost Price Target$74.30$92.50Overweight$0.0000.00% ROISRCE1st Source7/28/2025Boost Price Target$62.55$80.00Overweight$0.0000.00% ROIINBKFirst Internet Bancorp7/28/2025Lower Price Target$23.08$26.00Neutral$0.0000.00% ROIHBNCHorizon Bancorp (IN)7/28/2025Boost Price Target$15.71$18.00Neutral$0.0000.00% ROIFRMEFirst Merchants7/28/2025Lower Price Target$40.03$48.00Overweight$0.0000.00% ROIBWBBridgewater Bancshares7/28/2025Boost Price Target$16.20$20.00Overweight$0.0000.00% ROISYBTStock Yards Bancorp7/24/2025Boost Price Target$80.27$86.00Neutral$00.0000.00% ROIWTFCWintrust Financial7/23/2025Reiterated Rating$135.54$160.00Overweight$000.0000.00% ROIMBWMMercantile Bank7/23/2025Boost Price Target$48.99$56.00Neutral$00.0000.00% ROIHBTHBT Financial7/22/2025Boost Price Target$26.66$29.00Neutral$00.0000.00% ROIBSVNBank77/18/2025Boost Price Target$46.44$55.00Overweight$00.0000.00% ROISTBAS&T Bancorp7/18/2025Initiated Coverage$39.25$42.00Neutral$00.0000.00% ROICBSHCommerce Bancshares7/17/2025Boost Price Target$60.82$66.67Neutral$00.0000.00% ROINICNicolet Bankshares7/16/2025Reiterated Rating$128.84$140.00Neutral$000.0000.00% ROIWTBAWest Bancorporation7/15/2025Reiterated Rating$20.01$21.50Neutral$00.0000.00% ROIMSBIMidland States Bancorp7/11/2025Reiterated Rating$18.71$21.00Neutral$00.0000.00% ROIFNWBFirst Northwest Bancorp7/10/2025Reiterated Rating$7.93Neutral$00.0000.00% ROIOSBCOld Second Bancorp7/2/2025Reiterated Rating$18.70$24.50Overweight$00.0000.00% ROIBUSEFirst Busey7/1/2025Initiated Coverage$22.89$30.00Overweight$00.0000.00% ROIBWBBridgewater Bancshares6/26/2025Reiterated Rating$15.91$19.00Overweight$00.0000.00% ROIUMBFUMB Financial6/13/2025Set Price Target$101.88$135.00Overweight$000.0000.00% ROIUMBFUMB Financial5/2/2025Reiterated Rating$99.14$137.00Overweight$000.0000.00% ROIALRSAlerus Financial5/2/2025Boost Price Target$20.18$23.00Neutral$00.0000.00% ROIGABCGerman American Bancorp5/1/2025Lower Price Target$37.82$42.00Neutral$00.0000.00% ROIFSFGFirst Savings Financial Group4/29/2025Boost Price Target$26.93$32.00Overweight$0.0000.00% ROIFNWBFirst Northwest Bancorp4/29/2025Boost Price Target$10.35$12.00Neutral$00.0000.00% ROIMOFGMidWestOne Financial Group4/28/2025Lower Price Target$27.91$33.00Neutral$0.0000.00% ROIINBKFirst Internet Bancorp4/28/2025Lower Price Target$20.41$24.00Neutral$00.0000.00% ROIIBCPIndependent Bank4/28/2025Lower Price Target$30.69$36.00Neutral$00.0000.00% ROIHBNCHorizon Bancorp (IN)4/28/2025Lower Price Target$14.55$17.00Neutral$00.0000.00% ROIFRMEFirst Merchants4/28/2025Lower Price Target$35.28$49.00Overweight$00.0000.00% ROIFBIZFirst Business Financial Services4/28/2025Boost Price Target$47.39$58.00Overweight$00.0000.00% ROISYBTStock Yards Bancorp4/24/2025Set Price Target$73.91$81.00Neutral$00.0000.00% ROIBofA: Digital Dollar Coming 2025-2030 (Ad)Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now. Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen. Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch.Watch how to access the legal backdoor before it closes.QCRHQCR4/24/2025Lower Price Target$64.85$88.00Overweight$00.0000.00% ROIWTFCWintrust Financial4/23/2025Lower Price Target$108.77$141.00Overweight$000.0000.00% ROICBSHCommerce Bancshares4/17/2025Boost Price Target$57.82$62.86Neutral$00.0000.00% ROINICNicolet Bankshares4/16/2025Lower Price Target$105.04$118.00Neutral$000.0000.00% ROIFBIZFirst Business Financial Services2/4/2025Boost Price Target$52.51$63.00Overweight$00.0000.00% ROIFNWBFirst Northwest Bancorp2/3/2025Boost Price Target$10.75$12.00Neutral$00.0000.00% ROIISBAIsabella Bank2/3/2025Boost Price Target$25.80$28.00Neutral$00.0000.00% ROIFRMEFirst Merchants1/31/2025Reiterated Rating$44.94$55.00Overweight$00.0000.00% ROIBWBBridgewater Bancshares1/31/2025Lower Price Target$14.20$17.00Overweight$00.0000.00% ROIFSFGFirst Savings Financial Group1/31/2025Lower Price Target$24.40$30.00Overweight$00.0000.00% ROIALRSAlerus Financial1/30/2025Boost Price Target$20.95$24.00Neutral$00.0000.00% ROIUMBFUMB Financial1/30/2025Boost Price Target$122.56$143.00Overweight$000.0000.00% ROIGABCGerman American Bancorp1/29/2025Lower Price Target$42.18$48.00Neutral$00.0000.00% ROIMSBIMidland States Bancorp1/28/2025Lower Price Target$19.71$23.00Neutral$00.0000.00% ROIINBKFirst Internet Bancorp1/27/2025Lower Price Target$33.75$38.00Neutral$00.0000.00% ROIHBNCHorizon Bancorp (IN)1/27/2025Lower Price Target$17.08$19.00Neutral$00.0000.00% ROIHBTHBT Financial1/24/2025Lower Price Target$23.30$26.00Neutral$00.0000.00% ROIWTFCWintrust Financial1/23/2025Boost Price Target$132.91$156.00Overweight$000.0000.00% ROICBSHCommerce Bancshares1/23/2025Boost Price Target$62.02$68.57Neutral$00.0000.00% ROINICNicolet Bankshares1/22/2025Boost Price Target$109.17$120.00Neutral$000.0000.00% ROIBSVNBank71/17/2025Boost Price Target$44.55$55.00Overweight$00.0000.00% ROICBSHCommerce Bancshares10/18/2024Set Price Target$58.09$65.24Neutral$00.0000.00% ROI Stock Forecasts and Research Tools Today's Analyst Ratings U.S. Ratings U.K. Ratings Canadian Ratings All Upgrades All Downgrades All Initiations All Price Target Changes Top-Rated Stocks Top Rated Stocks Top-Rated Dividend Stocks Top-Rated Small-Cap Stocks Top-Rated Tech Stocks Most-Upgraded Stocks Most-Downgraded Stocks Lowest-Rated Stocks More Ratings Tools Stock Ratings by Issuer Top-Rated Analysts Top-Rated Brokerages Stock Ratings Screener Free Ratings Newsletter Price Forecasts for Popular Stocks Alphabet (Google) Stock ForecastAmazon Stock ForecastApple Stock ForecastMeta (Facebook) Stock ForecastMicrosoft Stock ForecastNetflix Stock ForecastNvidia Stock ForecastTesla Stock Forecast Top Stock Recommendations by BrokerageUBS GroupCitigroupBarclaysRoyal Bank Of CanadaMorgan StanleyWells Fargo & CompanyJPMorgan Chase & Co.Jefferies Financial GroupThe Goldman Sachs GroupTD CowenTruist FinancialPiper SandlerBMO Capital MarketsDeutsche Bank AktiengesellschaftStifel Nicolaus Unlock superior investment research and tools. 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