Ratings by Piper Sandler (Brendan Nosal)

Date CompanySymbol Type Rating
(Past)
PT
(Past)
Start $
(End $)
% Chg. Details
4/28/2025 Civista Bancshares CIVB Maintain Neutral
(N/A)
 
 
  Details
8/17/2023 First Business Financial FBIZ New Coverage Overweight
(N/A)
32.77
(33.98)
3.69% Details
7/28/2023 Farmers & Merchants Bancorp FMAO Downgrade Underweight
(Neutral)
24.67
(22.70)
-7.99% Details
5/15/2023 Park National PRK Downgrade Underweight
(Neutral)
101.19
(186.42)
84.23% Details
5/3/2023 Civista Bancshares CIVB New Coverage Overweight
(N/A)
15.51
(28.46)
83.49% Details
4/27/2023 SY Bancorp SYBT Maintain Underweight
(N/A)
 
 
  Details
4/27/2023 Waterstone Financial WSBF Maintain Neutral
(N/A)
 
 
  Details
4/19/2023 Bank First National Corp. BFC Maintain Overweight
(N/A)
 
 
  Details
1/27/2023 Bridgewater Bancshares Inc. BWB Downgrade Neutral
(Overweight)
17.20
(21.46)
24.77% Details
1/12/2023 Bank First National Corp. BFC Downgrade Neutral
(Overweight)
86.96
(151.80)
74.56% Details
12/14/2022 SY Bancorp SYBT Downgrade Underweight
(Neutral)
72.61
(78.15)
7.63% Details
10/26/2022 Independent Bank IBCP Maintain Overweight
(N/A)
 
 
  Details
10/25/2022 Isabella Bank Corp ISBA Upgrade Overweight
(Neutral)
21.55
(41.00)
90.26% Details
10/20/2022 Community Trust Bancorp CTBI Maintain Overweight
(N/A)
 
 
  Details
8/16/2022 Bank First National Corp. BFC Maintain Overweight
(N/A)
 
 
  Details
7/28/2022 SY Bancorp SYBT Maintain Neutral
(N/A)
 
 
  Details
7/13/2022 SY Bancorp SYBT New Coverage Neutral
(N/A)
62.37
(78.15)
25.3% Details
4/21/2022 Bank First National Corp. BFC Upgrade Overweight
(Neutral)
72.04
(151.80)
110.72% Details
3/31/2022 Nicolet Bankshares NCBS Maintain Overweight
(N/A)
 
 
  Details
1/28/2022 First Business Financial FBIZ Maintain Overweight
(N/A)
 
 
  Details
10/25/2021 Isabella Bank Corp ISBA Downgrade Neutral
(Overweight)
26.45
(41.00)
55.01% Details
8/12/2021 Bridgewater Bancshares Inc. BWB Maintain Overweight
(N/A)
 
 
  Details
4/15/2021 Isabella Bank Corp ISBA New Coverage Overweight
(N/A)
21.75
(41.00)
88.51% Details
2/26/2021 Waterstone Financial WSBF Downgrade Neutral
(Overweight)
20.59
(20.60)
0.05% Details
1/20/2021 Nicolet Bankshares NCBS Maintain Neutral
(N/A)
 
 
  Details
12/9/2020 Community Trust Bancorp CTBI Upgrade Overweight
(Neutral)
35.63
(72.75)
104.18% Details
10/23/2020 First Business Financial FBIZ Maintain Overweight
(N/A)
 
 
  Details
10/21/2020 Nicolet Bankshares NCBS Maintain Neutral
(N/A)
 
 
  Details
9/22/2020 CF Bankshares CFBK New Coverage Neutral
(N/A)
11.85
(24.05)
102.95% Details
7/29/2020 Waterstone Financial WSBF Maintain Overweight
(N/A)
 
 
  Details
6/30/2020 Bank First National Corp. BFC Maintain Neutral
(N/A)
 
 
  Details
5/19/2020 Bank First National Corp. BFC Maintain Neutral
(N/A)
 
 
  Details
3/6/2020 Bank First National Corp. BFC Maintain Neutral
(N/A)
 
 
  Details
3/2/2020 Community Trust Bancorp CTBI Maintain Neutral
(N/A)
 
 
  Details