NIC
NEUTRAL
$146.48
Live
Nicolet Bankshares, Inc. · NYSE
Target $174.2
(+18.9%)
$114.12
52W Range
$163.11
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated May 01, 2026
Market cap
$3.12B
P/E
17.19
ROE
7.7%
Profit margin
31.1%
Debt/Equity
N/A
Dividend yield
0.9%
AI Analysis
AI-powered fundamental assessment
Confidence
80%
Nicolet Bankshares presents a dichotomy between strong operational growth and deteriorating financial health indicators. The deterministic baseline is weak, highlighted by a Piotroski F-Score of 2/9, suggesting significant internal financial stress despite a consistent track record of earnings beats. While the stock trades at a premium to its Intrinsic Value ($59.64) and Graham Number ($127.71), its strong revenue growth (46.5%) and analyst target of $174.20 provide a bullish counter-narrative. Overall, the combination of bearish insider activity and poor health scores offsets the impressive earnings trajectory.
Key Strengths
Exceptional revenue growth of 46.50% YoY
Consistent earnings beat record (3 of last 4 quarters)
Very low dividend payout ratio (15.04%) indicating sustainability
Strong long-term price performance (+164.7% over 3 years)
Positive analyst consensus with a target price of $174.20
Key Risks
Critical financial health warning via Piotroski F-Score (2/9)
Significant valuation gap between current price ($146.48) and Intrinsic Value ($59.64)
Bearish insider sentiment with $1.99M in recent sales
Bearish technical trend (0/100 score)
Low Return on Equity (7.75%) relative to growth expectations
AI Fair Value Estimate
Based on comprehensive analysis
$128.5
-12.3% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
56
Moderate
40
85
90
20
45
AI Verdict
Cautious Hold
Key drivers: Strong EPS growth trajectory, Poor Piotroski health score, Valuation premium over Graham Number, Insider selling
Confidence
85%
Value
40/100
Ref P/E, PEG, Graham Number
Positives
- Forward P/E (11.02) is attractive
Watchpoints
- Price exceeds Graham Number ($127.71)
- Price is 145% above Intrinsic Value ($59.64)
Future
85/100
Ref Growth rates
Positives
- High YoY Revenue Growth (46.5%)
- Consistent upward EPS progression
Watchpoints
- Recent Q/Q earnings growth is flat (+0.7%)
Past
90/100
Ref Historical trends
Positives
- Strong 3Y and 5Y price appreciation
- Long-term history of beating estimates
Watchpoints
No urgent risks highlighted.
Health
20/100
Ref Altman Z-Score, Piotroski F-Score
Positives
No standout positives identified.
Watchpoints
- Piotroski F-Score of 2/9 indicates weak financial health
Dividend
45/100
Ref Yield, Payout
Positives
- Low payout ratio ensures safety
Watchpoints
- Very low dividend yield (0.90%)
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$146.48
Analyst Target
$174.2
Upside/Downside
+18.9%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for NIC and closest competitors.
Updated 2026-04-30
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
NIC
Nicolet Bankshares, Inc.
Primary
|
+87.4% | +164.7% | +26.6% | +26.8% | -1.4% | +1.7% |
|
SFNC
Simmons First National Corporation
Peer
|
-10.6% | +51.1% | +29.3% | +20.3% | +16.0% | +5.0% |
|
NMIH
NMI Holdings, Inc.
Peer
|
+59.1% | +76.6% | +22.2% | +15.6% | +9.8% | +2.1% |
|
BFH
Bread Financial Holdings, Inc.
Peer
|
+35.8% | +79.6% | +7.7% | +9.5% | -10.3% | -6.7% |
|
SBCF
Seacoast Banking Corporation of Florida
Peer
|
-3.5% | +54.8% | +37.0% | +1.9% | +7.7% | -3.2% |
NIC
Nicolet Bankshares, Inc.
Primary
5Y
+87.4%
3Y
+164.7%
1Y
+26.6%
6M
+26.8%
1M
-1.4%
1W
+1.7%
SFN
Simmons First National Corporation
Peer
5Y
-10.6%
3Y
+51.1%
1Y
+29.3%
6M
+20.3%
1M
+16.0%
1W
+5.0%
NMI
NMI Holdings, Inc.
Peer
5Y
+59.1%
3Y
+76.6%
1Y
+22.2%
6M
+15.6%
1M
+9.8%
1W
+2.1%
BFH
Bread Financial Holdings, Inc.
Peer
5Y
+35.8%
3Y
+79.6%
1Y
+7.7%
6M
+9.5%
1M
-10.3%
1W
-6.7%
SBC
Seacoast Banking Corporation of Florida
Peer
5Y
-3.5%
3Y
+54.8%
1Y
+37.0%
6M
+1.9%
1M
+7.7%
1W
-3.2%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
17.19
Forward P/E
11.02
PEG Ratio
1.92
P/B Ratio
1.72
P/S Ratio
7.28
EV/Revenue
6.22
EV/EBITDA
N/A
Market Cap
$3.12B
Profitability
Profit margins and return metrics
Profit Margin
31.09%
Operating Margin
50.52%
Gross Margin
N/A
ROE
7.75%
ROA
1.09%
Growth
Revenue and earnings growth rates
Revenue Growth
+46.5%
Earnings Growth
-61.1%
Q/Q Revenue Growth
+13.98%
Q/Q Earnings Growth
-53.4%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
N/A
Current Ratio
N/A
Quick Ratio
N/A
Cash/Share
$29.07
Quarterly Earnings History
EPS performance vs analyst estimates
2026-07-14
$N/A
2026-04-21
$2.75
+2.3% surprise
2026-01-20
$2.73
+7.4% surprise
2025-10-23
$2.66
+11.4% surprise
Financial Services Sector Comparison
Comparing NIC against 956 companies in the Financial Services sector
(153 bullish, 417 neutral, 386 bearish)
P/E Ratio
17.19
This Stock
vs
35.14
Sector Avg
-51.1%
(Discount)
Return on Equity (ROE)
7.75%
This Stock
vs
0.3%
Sector Avg
+2465.8%
(Excellent)
Profit Margin
31.09%
This Stock
vs
89.71%
Sector Avg
-65.3%
(Weaker)
Revenue Growth
46.5%
This Stock
vs
33.39%
Sector Avg
+39.2%
(Fast Growth)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
NIC
Nicolet Bankshares, Inc.
|
NEUTRAL | $3.12B | 17.19 | 7.7% | 31.1% | $146.48 | |
|
SFNC
Simmons First National Corporation
|
BEARISH | $3.12B | - | -10.4% | -% | $21.52 | Compare |
|
NMIH
NMI Holdings, Inc.
|
BULLISH | $3.13B | 8.36 | 16.2% | 55.1% | $41.12 | Compare |
|
BFH
Bread Financial Holdings, Inc.
|
NEUTRAL | $3.14B | 7.19 | 14.8% | 18.8% | $68.78 | Compare |
|
SBCF
Seacoast Banking...
|
NEUTRAL | $3.1B | 20.15 | 5.5% | 24.2% | $31.63 | Compare |
NIC
Nicolet Bankshares, Inc.
NEUTRAL
Mkt Cap
$3.1B
P/E
17.2
ROE
7.7%
Price
$146.48
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-04-24 | MOORE HUBERT PHILLIP JR | Chief Financial Officer | Gift | 130 | - |
| 2026-04-14 | WEYERS ROBERT J | Director | Stock Award | 6 | $1,007 |
| 2026-04-14 | DYKEMA JOHN NICHOLAS | Director | Stock Award | 6 | $1,007 |
| 2026-04-14 | ATWELL ROBERT BRUCE | Director | Stock Award | 12 | $2,014 |
| 2026-04-14 | LONG DONALD J. JR. | Director | Stock Award | 6 | $1,007 |
| 2026-03-12 | ATWELL ROBERT BRUCE | Director | Sale | 3,309 | $495,759 |
| 2026-03-12 | ATWELL ROBERT BRUCE | Director | Option Exercise | 10,000 | $564,300 |
| 2026-03-05 | ATWELL ROBERT BRUCE | Director | Sale | 3,331 | $501,888 |
| 2026-03-05 | ATWELL ROBERT BRUCE | Director | Option Exercise | 10,000 | $564,300 |
| 2026-02-18 | ATWELL ROBERT BRUCE | Director | Sale | 6,396 | $994,386 |
| 2026-02-18 | ATWELL ROBERT BRUCE | Director | Option Exercise | 15,000 | $732,750 |
| 2026-02-13 | MCCORMICK TRACY S | Director | Stock Award | 29,797 | - |
| 2026-02-13 | DANIELS MICHAEL E. | Chief Executive Officer | Stock Award | 6,666 | $1,034,497 |
| 2026-02-13 | WITCZAK ERIC JAMES | Officer | Stock Award | 3,333 | $517,248 |
| 2026-02-13 | HUTJENS BRAD VINCENT | Officer | Stock Award | 3,333 | $517,248 |
MOORE HUBERT PHILLIP JR
Chief Financial Officer
2026-04-24
130 shares
WEYERS ROBERT J
Director
2026-04-14
6 shares
·
$1,007
DYKEMA JOHN NICHOLAS
Director
2026-04-14
6 shares
·
$1,007
ATWELL ROBERT BRUCE
Director
2026-04-14
12 shares
·
$2,014
LONG DONALD J. JR.
Director
2026-04-14
6 shares
·
$1,007
ATWELL ROBERT BRUCE
Director
2026-03-12
3,309 shares
·
$495,759
ATWELL ROBERT BRUCE
Director
2026-03-12
10,000 shares
·
$564,300
ATWELL ROBERT BRUCE
Director
2026-03-05
3,331 shares
·
$501,888
ATWELL ROBERT BRUCE
Director
2026-03-05
10,000 shares
·
$564,300
ATWELL ROBERT BRUCE
Director
2026-02-18
6,396 shares
·
$994,386
ATWELL ROBERT BRUCE
Director
2026-02-18
15,000 shares
·
$732,750
MCCORMICK TRACY S
Director
2026-02-13
29,797 shares
DANIELS MICHAEL E.
Chief Executive Officer
2026-02-13
6,666 shares
·
$1,034,497
WITCZAK ERIC JAMES
Officer
2026-02-13
3,333 shares
·
$517,248
HUTJENS BRAD VINCENT
Officer
2026-02-13
3,333 shares
·
$517,248
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
5 analysts
Piper Sandler
2026-04-22
Overweight
Overweight
Piper Sandler
2026-02-19
Neutral
Overweight
Maxim Group
2026-01-22
Buy
Buy
Keefe, Bruyette & Woods
2026-01-22
Outperform
Outperform
Piper Sandler
2026-01-21
Neutral
Neutral
Keefe, Bruyette & Woods
2025-12-17
Outperform
Outperform
Past News Coverage
Recent headlines mentioning NIC from our newsroom.
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