Piper Sandler Releases Latest Financial Results

Written by Emily J. Thompson, Senior Investment Analyst

Source: Businesswire

Updated: 2d ago

0mins

PIPR+9.88%

Should l Buy PIPR?

Source: Businesswire

Earnings Release: Piper Sandler Companies (NYSE: PIPR) has released its latest financial results, which can be accessed on their website, indicating the firm's ongoing performance in the investment banking sector.
Conference Call Scheduled: The company will hold an earnings conference call on February 6, 2026, at 7:00 a.m. CT, allowing investors to dial in at 800 330-6710 (U.S.) or +1 312 471-1353 (international) to receive timely financial updates.
Playback Availability: A playback of the call will be available approximately three hours after the event on the company's website, enhancing transparency and meeting investor demand for information.
Shareholder Information: Additional details regarding the stock split can be found on the shareholder information page of the company’s website, reflecting the firm's commitment to shareholder interests and transparency.

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Analyst Views on PIPR

Wall Street analysts forecast PIPR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PIPR is 386.00 USD with a low forecast of 386.00 USD and a high forecast of 386.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Analyst Rating

1 Buy

0 Hold

0 Sell

Moderate Buy

Current: 331.630

Low

386.00

Averages

386.00

High

386.00

Current: 331.630

Low

386.00

Averages

386.00

High

386.00

BofA

Underperform

maintain

$385 -> $395

2026-02-06

New

Reason

BofA

Price Target

$385 -> $395

AI Analysis

2026-02-06

New

maintain

Underperform

Reason

BofA raised the firm's price target on Piper Sandler to $395 from $385 and keeps an Underperform rating on the shares. Piper Sandler outperformed peers after reporting Q4 results, with the earnings per share beat driven by higher operating income as stronger investment in banking revenue more than offset lower institutional brokerage revenues and higher comp expenses, the analyst tells investors in a research note. The firm expects share repurchases to exceed stock-based comp grants by 100,000 shares for FY26.

BofA

Underperform

initiated

$385

2026-01-26

Reason

BofA

Price Target

$385

2026-01-26

initiated

Underperform

Reason

BofA initiated coverage of Piper Sandler with an Underperform rating and $385 price target. While Piper stands to benefit from accelerating M&A activity, especially U.S. bank M&A, franchise strength that skews smaller market-cap limits its potential for outsized EPS growth compared to peers exposed to larger deals, the analyst tells investors while initiating coverage on the boutique investment banks.

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About PIPR

Piper Sandler Companies is an investment bank and institutional securities firm, serving the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally. The Company operates in one segment, providing investment banking services, institutional sales and trading services for various equity and fixed income products, and research services. It provides a broad set of products and services, including financial advisory services; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; fixed income services; and alternative asset management strategies. The Company operates alternative asset management funds in merchant banking and healthcare in order to invest firm capital and to manage capital from outside investors. It offers both equity and fixed income advisory and trade execution services.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Piper Sandler Q4 2025 Earnings Highlights

2 days agoseekingalpha

Record Performance: Piper Sandler achieved adjusted net revenues of $635 million in Q4 2025, reflecting a 27% year-over-year increase and a 27.2% operating margin, demonstrating strong market execution and growth potential.
Strong Advisory Business: The company reported over $1 billion in advisory revenues, accounting for 55% of total net revenues, marking its sustained leadership in the advisory sector and laying the groundwork for future revenue growth.
Increased Shareholder Returns: In 2025, Piper Sandler returned $239 million to shareholders through stock buybacks and dividends, and the Board approved a 4-for-1 stock split to enhance liquidity and attract a broader range of investors.
Optimistic Outlook: Management expressed a positive outlook for 2026, anticipating continued growth in advisory revenues and setting a target to exceed $2 billion in annual investment banking revenues in the coming years, reflecting confidence in market opportunities.

Piper Sandler Declares Quarterly and Special Cash Dividends

2 days agoseekingalpha

Quarterly Dividend Consistency: Piper Sandler declares a quarterly dividend of $0.70 per share, consistent with previous distributions, indicating stable cash flow and profitability, which enhances investor confidence.
Special Cash Dividend Announcement: The company also announces a special cash dividend of $5.00 per share, bringing the total dividend for fiscal year 2025 to $7.70 per share, with a payout ratio of 43% of adjusted net income, reflecting the company's commitment to shareholder returns.
Dividend Yield Analysis: The forward yield stands at 0.84%, which, while relatively low, may attract income-seeking investors due to the stable dividend policy, thereby enhancing the company's appeal in the capital markets.
Shareholder Record and Payment Dates: The dividend will be payable on March 13, with a record date of March 3 and an ex-dividend date also on March 3, ensuring shareholders receive their dividends promptly, further solidifying shareholder relations.

Piper Sandler Q4 Non-GAAP EPS Exceeds Expectations

2 days agoseekingalpha

Earnings Beat: Piper Sandler reported a Q4 Non-GAAP EPS of $6.88, surpassing expectations by $2.12, indicating robust profitability and operational efficiency.
Significant Revenue Growth: Adjusted revenue reached $635 million, reflecting a 27.3% year-over-year increase and exceeding forecasts by $116.83 million, showcasing the firm's competitive strength in the market.
Net Revenue Performance: The net revenues for Q4 amounted to $666 million, highlighting successful financial management and market expansion, which further solidifies its position in the financial services sector.
Optimistic Market Outlook: With biotech funding showing signs of recovery, Piper Sandler is poised for market share gains, and analysts maintain a positive outlook on its future performance, especially with Goldman’s upgrade to Buy.