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 33 publicly traded companies. Over the past year, Nathan Race has issued 97 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 Ratings131 Last 1 YearsBuy Recommendations43.08% 56 Buy RatingsCompanies Covered33 Unique Companies Ratings Distribution130RatingsDistribution of strong buy, buy, hold, and sell ratings by Nathan Race.RatingPercentageCount Strong Buy0.0%0 ratings Buy43.1%56 ratings Hold56.9%74 ratings Sell0.0%0 ratingsOut of 130 total stock ratings issued by Nathan Race at Piper Sandler, the majority (56.9%) have been Hold recommendations, followed by 43.1% 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 CoverageExchangePercentageCountNASDAQ90.9% of companies on NASDAQ30 companiesNYSE9.1% of companies on NYSE3 companiesNathan Race, an analyst at Piper Sandler, currently covers 33 companies listed on NASDAQ and NYSE, with the majority traded on NASDAQ.Coverage FocusSector IconSectorPercentageFinance30 companies90.9%Financial Services3 companies9.1%Nathan Race of Piper Sandler specializes in stock coverage within the Finance sector, with additional focus on Financial Services companies.Coverage IndustriesIndustryPercentageBANKS - MIDWEST15 companies45.5%BANKS - NORTHEAST7 companies21.2%FIN - SVGS & LOAN3 companies9.1%STATE COMMERCIAL BANKS – FED RESERVE SYSTEM3 companies9.1%BANKS - SOUTHEAST2 companies6.1%FIN - MISC SVCS1 company3.0%NATIONAL COMMERCIAL BANKS1 company3.0%BANKS - WEST1 company3.0% 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 & ROIDetailsINBKFirst 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% ROIPRKPark National4/27/2026Boost Price Target$171.87$188.00Neutral$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. OSBCOld 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% ROIA letter from Shannon Stansberry (Ad)Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief. It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live.Watch the full story and see the verified track record for yourselfCBSHCommerce 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% ROISTBAS&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$0.0000.00% ROIWTFCWintrust Financial7/23/2025Reiterated Rating$135.54$160.00Overweight$0.0000.00% ROIMBWMMercantile Bank7/23/2025Boost Price Target$48.99$56.00Neutral$0.0000.00% ROIHBTHBT Financial7/22/2025Boost Price Target$26.66$29.00Neutral$0.0000.00% ROIBSVNBank77/18/2025Boost Price Target$46.44$55.00Overweight$0.0000.00% ROISTBAS&T Bancorp7/18/2025Initiated Coverage$39.25$42.00Neutral$0.0000.00% ROICBSHCommerce Bancshares7/17/2025Boost Price Target$60.82$66.67Neutral$0.0000.00% ROINICNicolet Bankshares7/16/2025Reiterated Rating$128.84$140.00Neutral$0.0000.00% ROISpaceX controls two-thirds of all satellites - and it is about to go public (Ad)SpaceX is targeting an IPO on June 11th, with trading set to begin June 12th and the roadshow kicking off June 4th. The company recently issued a 5-for-1 stock split, dropping shares from $526 to roughly $105 - a deliberate move to open access to everyday investors. SpaceX controls two-thirds of all satellites in orbit, accounts for 85% of global rocket launches, and has collected $13 billion from NASA over the past decade. Analyst Matt McCall has spent months researching how investors can get a stake before the IPO through a regular brokerage account, for less than $100.Watch the free presentation before the June 4th roadshow beginsWTBAWest Bancorporation7/15/2025Reiterated Rating$20.01$21.50Neutral$0.0000.00% ROIMSBIMidland States Bancorp7/11/2025Reiterated Rating$18.71$21.00Neutral$0.0000.00% ROIFNWBFirst Northwest Bancorp7/10/2025Reiterated Rating$7.93Neutral$0.0000.00% ROIOSBCOld Second Bancorp7/2/2025Reiterated Rating$18.70$24.50Overweight$0.0000.00% ROIBUSEFirst Busey7/1/2025Initiated Coverage$22.89$30.00Overweight$0.0000.00% ROIBWBBridgewater Bancshares6/26/2025Reiterated Rating$15.91$19.00Overweight$0.0000.00% ROIUMBFUMB Financial6/13/2025Set Price Target$101.88$135.00Overweight$0.0000.00% 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% ROIQCRHQCR4/24/2025Lower 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 BrokerageWall Street ZenJefferies Financial GroupWeiss RatingsUBS GroupCitigroupBarclaysWells Fargo & CompanyMorgan StanleyRoyal Bank Of CanadaJPMorgan Chase & Co.The Goldman Sachs GroupTD CowenTruist FinancialPiper SandlerStifel Nicolaus 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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