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Analyst Tracker/Nathan Race
PIPR
Nathan Race
Piper Sandler
Wall Street Analyst
★★★★☆
#583
on 13Foresight · ranked by our own returns
64%
Success Rate
+1.3%
Average Return
25 of 39 calls profitable · -4.3% vs benchmark
🔒 5-year track record is Pro. Showing 1-year — upgrade.
📈 Across the calls we could measure, roughly 64% of Nathan Race's ratings turned a profit when each position was held for 1 year — averaging +1.3% per rating. These figures are computed by 13Foresight from historical prices, not supplied by the analyst.

Rating Distribution

99 Buy 91 Hold 0 Sell
Nathan's Stock Coverage 40 ratings · 2026-06-18
Company Date Position Consensus ⓘ Price Target ⓘ 1-Yr Return
ISBA
Isabella Bank
 Jun 15, 2026 HOLD Strong Buy
-10.0% avg upside
2 analysts
$47.00
17.50% Upside
 ·
PEBO
Peoples Bancorp
 Jun 10, 2026 BUY Buy
-5.4% avg upside
13 analysts
$41.00
14.69% Upside
 +0.0%
ALRS
Alerus Financial
 May 20, 2026 HOLD Buy
-13.7% avg upside
8 analysts
$28.50
3.88% Downside
 ·
BFC
Bank First National
 May 20, 2026 HOLD Strong Buy
+1.5% avg upside
3 analysts
$157.00
11.07% Upside
 ·
UMBF
UMB Financial
 May 14, 2026 BUY Strong Buy
-5.0% avg upside
17 analysts
$155.00
16.98% Upside
 +6.8%
SYBT
Stock Yards Bancorp
 May 13, 2026 HOLD Buy
-6.7% avg upside
7 analysts
$78.00
7.92% Upside
 -0.3%
MSBI
Midland States Bancrop
 May 12, 2026 HOLD Hold
-14.5% avg upside
5 analysts
$28.00
3.78% Downside
 -1.0%
FNWB
First Northwest Bancorp
 May 05, 2026 BUY Strong Buy
+25.9% avg upside
2 analysts
$13.50
34.06% Upside
 -1.8%
INBK
First Internet Bancorp
 May 01, 2026 HOLD Buy
+6.0% avg upside
5 analysts
$24.00
4.64% Downside
 ·
BUSE
First Busey
 Apr 30, 2026 BUY Buy
-2.9% avg upside
12 analysts
$30.00
7.15% Upside
 +9.9%
FMBH
First Mid-Illinois Bancshares
 Apr 30, 2026 BUY Strong Buy
+1.0% avg upside
7 analysts
$52.00
14.13% Upside
 +4.2%
MBIN
Merchants Bancorp
 Apr 29, 2026 BUY Strong Buy
-21.2% avg upside
7 analysts
$58.00
18.83% Upside
 +11.4%
CBC
Central Bancompany
 Apr 29, 2026 BUY Strong Buy
+6.2% avg upside
6 analysts
$31.00
12.51% Upside
 ·
GABC
German American Bancorp
 Apr 28, 2026 BUY Strong Buy
+1.4% avg upside
8 analysts
$51.00
14.09% Upside
 -1.1%
HBT
HBT Financial
 Apr 28, 2026 HOLD Buy
-0.8% avg upside
6 analysts
$32.00
7.30% Upside
 -3.2%
CBSH
Commerce Bancshares
 Apr 28, 2026 HOLD Hold
+7.1% avg upside
16 analysts
$58.50
6.98% Upside
 +5.9%
HBNC
Horizon Bancorp
 Apr 27, 2026 HOLD Strong Buy
+8.4% avg upside
8 analysts
$21.00
9.05% Upside
 +7.1%
IBCP
Independent Bank
 Apr 27, 2026 HOLD Buy
+30.1% avg upside
10 analysts
$37.00
8.06% Upside
 +0.8%
SMBC
Southern Missouri Bancorp
 Apr 27, 2026 HOLD Buy
+2.3% avg upside
3 analysts
$71.00
0.40% Downside
 +6.2%
QCRH
QCR Holdings
 Apr 27, 2026 BUY Strong Buy
-20.0% avg upside
9 analysts
$107.00
13.24% Upside
 +4.7%
PRK
Park National
 Apr 27, 2026 HOLD Sell
-13.1% avg upside
6 analysts
$188.00
8.41% Upside
 +5.0%
SRCE
1St Source
 Apr 27, 2026 BUY Hold
-9.3% avg upside
5 analysts
$88.00
15.07% Upside
 +2.7%
OSBC
Old Second Bancorp
 Apr 27, 2026 BUY Strong Buy
+3.0% avg upside
8 analysts
$25.00
15.37% Upside
 +8.7%
FBIZ
First Business Financial
 Apr 24, 2026 BUY Strong Buy
+0.6% avg upside
5 analysts
$70.00
17.63% Upside
 -3.2%
BY
Byline Bancorp
 Apr 24, 2026 BUY Buy
-10.9% avg upside
7 analysts
$37.00
5.49% Upside
 +6.5%
EFSC
Enterprise Financial Services
 Apr 23, 2026 HOLD Strong Buy
-9.7% avg upside
7 analysts
$64.00
3.27% Upside
 +11.3%
FRME
First Merchants
 Apr 23, 2026 BUY Strong Buy
+8.2% avg upside
8 analysts
$49.00
20.68% Upside
 +0.6%
WTFC
Wintrust Financial
 Apr 22, 2026 BUY Strong Buy
-1.7% avg upside
17 analysts
$188.00
22.21% Upside
 +6.7%
BWB
Bridgewater Bancshares
 Apr 22, 2026 BUY Strong Buy
+5.0% avg upside
5 analysts
$23.00
17.73% Upside
 -2.3%
NIC
Nicolet Bankshares
 Apr 22, 2026 BUY Strong Buy
-2.0% avg upside
9 analysts
$183.00
26.68% Upside
 +1.4%
EQBK
Equity Bancshares
 Apr 16, 2026 BUY Buy
+16.5% avg upside
8 analysts
$58.00
24.81% Upside
 +3.1%
BSVN
Bank7
 Apr 15, 2026 BUY Strong Buy
-3.0% avg upside
4 analysts
$57.00
24.86% Upside
 +6.0%
MBWM
Mercantile Bank
 Jan 21, 2026 HOLD Strong Buy
-2.0% avg upside
7 analysts
$57.00
7.02% Upside
 -1.6%
WTBA
West Bancorporation
 Oct 27, 2025 HOLD Hold
-7.5% avg upside
2 analysts
$24.00
2.40% Downside
 +10.0%
BANF
BancFirst
 Jul 22, 2024 SELL Hold
-4.1% avg upside
6 analysts
$95.00
14.07% Downside
 -27.1%
RBB
Rbb Bancorp
 May 29, 2024 HOLD Buy
-8.8% avg upside
6 analysts
$19.00
23.91% Downside
 -7.0%
ASB
Associated Banc-Corp
 Oct 21, 2022 HOLD Buy
-8.2% avg upside
19 analysts
$23.00
20.60% Downside
 -28.2%
ONB
Old National Bancorp Capital
 Jul 21, 2021 HOLD Strong Buy
+7.5% avg upside
15 analysts
$18.00
26.83% Downside
 +0.4%
FFBC
First Financial Bancorp
 Jul 22, 2019 BUY Buy
-0.8% avg upside
14 analysts
$28.00
10.95% Downside
 -39.7%
INDB
Independent Bank
 May 16, 2014 BUY Buy
-0.1% avg upside
15 analysts
 — +23.9%
🔒 35 more ratings — with price targets, crowd consensus and our measured returns.
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Nathan Race — Frequently Asked Questions
How accurate are Nathan Race's stock ratings?
Based on the calls 13Foresight could measure, about 64% of Nathan's ratings were profitable over a one-year hold, with an average return of +1.3% per rating, or -4.2% versus the S&P 500. We score every analyst the same way, from historical prices.
How is Nathan ranked on 13Foresight?
Nathan Race is currently ranked #583 with a 4-star rating. Our rank blends hit rate, average return versus the market, and how many calls we have to judge — so a long, consistent record outweighs a few lucky picks. It is our own calculation, updated daily.
Which stocks does Nathan cover?
Nathan most recently has ratings on ISBA, PEBO, ALRS, BFC, UMBF, SYBT, MSBI, FNWB, INBK, BUSE, FMBH, MBIN and 28 more. See the full coverage table above for positions, price targets and our measured returns.
Where can I see other analyst ratings?
Browse the full analyst leaderboard to compare Wall Street analysts ranked by their measured performance, success rate and average return.

Disclaimer: 13Foresight compiles analyst ratings and price targets from publicly available sources. Performance metrics, rankings and star ratings shown here are calculated independently by 13Foresight from historical market prices and may differ from figures published elsewhere. This information may be incomplete, delayed or inaccurate, is provided for research and informational purposes only, and is not investment advice. The underlying ratings and opinions are those of the respective analysts and their firms; 13Foresight accepts no liability for any decisions made based on this data.