Nathan Race

Director
Research
Sector Expertise
Additional Expertise
Banks
Nathan Race is a director and senior research analyst responsible for covering Midwest banks. Prior to joining Piper Sandler in 2015, Race spent four years as a SMID cap bank equity research analyst at Sterne Agee. Previously, Race worked for a proprietary commodities and options trading firm at the Chicago Board of Trade as well as for a Chicago-based commercial bank. Race earned a bachelor’s degree in economics and international business from Rollins College.

Universe Coverage

Banks
SRCE1st Source Corporation
ALRSAlerus Financial Corp.
BANFBancFirst Corporation
BFCBank First Corporation
BSVNBank7 Corp.
BWBBridgewater Bancshares, Inc.
BYByline Bancorp, Inc.
CALBCalifornia BanCorp
CBSHCommerce Bancshares, Inc.
FBIZFirst Business Financial Services, Inc.
INBKFirst Internet Bancorp
FRMEFirst Merchants Corporation
FMBHFirst Mid Bancshares, Inc.
FNWBFirst Northwest Bancorp
FSFGFirst Savings Financial Group, Inc.
GABCGerman American Bancorp, Inc.
HBTHBT Financial, Inc.
HBNCHorizon Bancorp
IBCPIndependent Bank Corporation
ISBAIsabella Bank Corporation
MBWMMercantile Bank Corporation
MBINMerchants Bancorp
MSBIMidland States Bancorp, Inc.
MOFGMidWestOne Financial Group, Inc.
NICNicolet Bankshares, Inc.
OSBCOld Second Bancorp, Inc.
QCRHQCR Holdings Inc.
RBBRBB Bancorp
UMBFUMB Financial Corporation
WTFCWintrust Financial Corporation