Piper Sandler shares have fallen 18.3% over the past six months to $75.11, underperforming the S&P 500's 9% gain. The investment bank's annualized revenue growth accelerated to 19.6% over the last two years, above its five-year trend. Earnings per share grew at a 34.8% compounded annual rate over the same period, outpacing revenue growth and signaling improved profitability. The company's five-year average return on equity stands at 15.3%, above the sector average of around 10%. The stock now trades at 15 times forward earnings.
Piper Sandler CompaniesStock fell 18.3% despite strong revenue and EPS growth, trading at 15x forward earnings.