Analyst Information


Nathan Race

Sr. Research Analyst

Nathan Race

 Nathan Race is a vice president and senior research analyst responsible for covering Midwest banks. Prior to joining Piper Jaffray 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.


Robert Shone, CFA
Research Analyst
Universe Coverage:
Financial Services:   West Coast Banks, Midwest Banks
SRCE1st Source Corporation
ASBAssociated Banc-Corp
BYByline Bancorp, Inc.
CBSHCommerce Bancshares, Inc.
EFSCEnterprise Financial Services Corp
BUSEFirst Busey Corporation
FFBCFirst Financial Bancorp
FIBKFirst Interstate BancSystem, Inc.
FRMEFirst Merchants Corporation
FMBIFirst Midwest Bancorp, Inc.
GBCIGlacier Bancorp, Inc.
GWBGreat Western Bancorp, Inc.
HTLFHeartland Financial USA, Inc.
HFWAHeritage Financial Corporation
HBNCHorizon Bancorp
LEVLLevel One Bancorp, Inc.
MFNCMackinac Financial Corporation
MOFGMidWestOne Financial Group, Inc.
NBHCNational Bank Holdings Corp.
ONBOld National Bancorp
OPBOpus Bank
PPBIPacific Premier Bancorp Inc.
QCRHQCR Holdings Inc.
TCFTCF Financial Corporation
UMBFUMB Financial Corporation
WTFCWintrust Financial Corporation