Nicolet Bankshares (NIC) Stock Price, News & Analysis

Company Overview

Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin and Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial, and business loans and lines of credit; commercial real estate loans; agricultural (AG) production and AG real estate loans; commercial real estate investment real estate loans; construction and land development loans; residential real estate loans, such as residential first lien and junior lien mortgages, home equity loans, lines of credit, and residential construction loans; and consumer loans. In addition, the company provides cash management, international banking, personal brokerage, safe deposit boxes, and trust and fiduciary services, as well as wealth management and retirement plan services. Further, it offers mortgage refinancing; online services, such as commercial, retail, and trust online banking; automated bill payment, mobile banking deposits and account access, and remote deposit capture services; and other services consisting of wire transfers, debit cards, credit cards, pre-paid gift cards, direct deposits, and official bank checks, as well as facilitates crop insurance products. The company was formerly known as Green Bay Financial Corporation and changed its name to Nicolet Bankshares, Inc. in March 2002. The company was incorporated in 2000 and is headquartered in Green Bay, Wisconsin.

Key Stats

• Today's Range: $110.00 to $112.15
• 50-Day Range: $90.86 to $114.81
• 52-Week Range: $72.70 to $116.17
• Volume: 30,687 shs
• Average Volume: 43,066 shs
• Market Capitalization: $1.68 billion
• P/E Ratio: 14.09
• Dividend Yield: 1.01%
• Price Target: $106.00
• Consensus Rating: Hold

Nicolet Bankshares Stock Analysis - MarketRank™

Nicolet Bankshares scored higher than 63% of companies evaluated by MarketBeat, and ranked 495th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Nicolet Bankshares has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Nicolet Bankshares has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.01%

Earnings Growth

Earnings for Nicolet Bankshares are expected to grow by 4.01% in the coming year, from $7.74 to $8.05 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nicolet Bankshares is 14.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nicolet Bankshares is 14.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.81.

Price to Book Value per Share Ratio

Nicolet Bankshares has a P/B Ratio of 1.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.05% of the float of Nicolet Bankshares has been sold short.

Short Interest Ratio / Days to Cover

Nicolet Bankshares has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nicolet Bankshares has recently decreased by 22.62%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Nicolet Bankshares pays a meaningful dividend of 1.02%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Nicolet Bankshares does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Nicolet Bankshares is 14.25%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Nicolet Bankshares will have a dividend payout ratio of 13.91% next year. This indicates that Nicolet Bankshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.05% of the float of Nicolet Bankshares has been sold short.

Short Interest Ratio / Days to Cover

Nicolet Bankshares has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nicolet Bankshares has recently decreased by 22.62%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.01

News Sentiment

Nicolet Bankshares has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Nicolet Bankshares this week, compared to 1 article on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Nicolet Bankshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,324,308.00 in company stock.

Percentage Held by Insiders

16.40% of the stock of Nicolet Bankshares is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

43.06% of the stock of Nicolet Bankshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NIC Stock Analysis - Frequently Asked Questions

How have NIC shares performed this year?

Nicolet Bankshares' stock was trading at $80.48 on January 1st, 2024. Since then, NIC shares have increased by 37.6% and is now trading at $110.78.
View the best growth stocks for 2024 here.

How were Nicolet Bankshares' earnings last quarter?

Nicolet Bankshares, Inc. (NYSE:NIC) announced its earnings results on Tuesday, October, 15th. The company reported $2.04 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.13. The business earned $91.24 million during the quarter, compared to analyst estimates of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a trailing twelve-month return on equity of 10.56%.

Who are Nicolet Bankshares' major shareholders?

Top institutional shareholders of Nicolet Bankshares include FMR LLC (3.88%), State Street Corp (2.51%), Geode Capital Management LLC (1.99%) and The Manufacturers Life Insurance Company (1.54%). Insiders that own company stock include Susan L Merkatoris, John Nicholas Dykema, Robert Bruce Atwell, Hubert Phillip Moore Jr, Brad Vincent Hutjens, Eric James Witczak, Lynn Dale Davis and Christopher J Ghidorzi.
View institutional ownership trends.

How do I buy shares of Nicolet Bankshares?

Shares of NIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nicolet Bankshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nicolet Bankshares investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), ServiceNow (NOW) and e.l.f. Beauty (ELF).

Company Calendar

• Ex-Dividend for 9/16 Dividend: 9/03/2024
• Dividend Payable: 9/16/2024
• Last Earnings: 10/15/2024
• Today: 11/21/2024
• Ex-Dividend for 12/16 Dividend: 12/02/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/21/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NYSE:NIC
• CUSIP: N/A
• CIK: 1174850
• Web: www.nicoletbank.com
• Phone: (920) 430-1400
• Fax: N/A
• Employees: 948
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $106.00
• High Stock Price Target: $124.00
• Low Stock Price Target: $86.00
• Potential Upside/Downside: -4.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.86
• Trailing P/E Ratio: 14.09
• Forward P/E Ratio: 14.31
• P/E Growth: N/A
• Net Income: $61.52 million
• Net Margins: 23.35%
• Pretax Margin: 29.00%
• Return on Equity: 10.56%
• Return on Assets: 1.34%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $418.83 million
• Price / Sales: 4.02
• Cash Flow: $8.18 per share
• Price / Cash Flow: 13.55
• Book Value: $75.56 per share
• Price / Book: 1.47

Miscellaneous

• Outstanding Shares: 15,210,000
• Free Float: 12,717,000
• Market Cap: $1.68 billion
• Optionable: Optionable
• Beta: 0.75