The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

PIPR

Concerning the House

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services, institutional sales, and trading services for various equity and fixed income products; research services; advisory services, such as mergers and acquisitions, equity and debt financings, equity and debt private placements, debt capital markets advisory, restructuring and private capital advisory; municipal financial advisory and loan placement services; and various over-the-counter derivative products, as well as underwrites municipal issuances. The company also provides public finance investment banking services that focus on state and local governments, special districts and development infrastructure, project finance, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, housing, and transportation sectors. In addition, it offers equity and fixed income advisory and trade execution services for institutional investors, corporations, and government and non-profit entities. Further, the company has alternative asset management funds in merchant banking and healthcare to invest firm capital and to manage capital from outside investors; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; alternative asset management strategies; and fixed income sales and trading solutions to banks, registered investment advisors, public entities, credit unions, asset managers, and insurance companies. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.

United States · www.pipersandler.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$480.09M+2.2%
Net income$34.77M+2.8%
Cash from ops$313.25M+21.0%
Quotation

$78.42

+2.90 (+3.8%)

52w hi$92.51
52w lo$69.79
Vol407.37K
As ofAug 13
The Verdict

Hold

Our score -0.26

Short-0.65
Medium-0.23
Long+0.47

computed 2026-08-13

By the Numbers

Piper Sandler Companies

Financial Services · Capital Markets

Market cap$5.54B
Enterprise value$4.85B
Trailing P/E18.19x
Forward P/E14.18x
EV / EBITDA
P / S (ttm)2.62x
Profit margin14.5%
Return on equity24.5%
Revenue growth+24.9%
Earnings growth+61.0%
Debt / equity11.27
Risk Metrics
Beta vs SPX1.51
Corr SPX0.65
Annual vol37.9%
Annual ret+17.4%
Sharpe0.46
Max DD-39.6%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.45
Sector+0.09
Technical-0.33
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$76.26$78.80$75.56$78.42407.37K
Aug 12$76.56$76.64$74.94$75.52274.40K
Aug 11$75.36$77.19$75.19$75.71363.40K
Aug 10$74.23$75.31$73.98$74.87422.80K
Aug 7$74.66$75.51$73.68$74.79540.60K