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Upturn AI Summary - About
Nicolet Bankshares Inc.(NIC)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NIC
09/25/2026: NIC (2-star) is currently NOT-A-BUY. Pass it for now.
Nicolet Bankshares Inc. is a regional bank holding company that emphasizes a community-centric approach to commercial and consumer banking in the Upper Midwest. Its growth has historically been driven by a disciplined strategy of acquiring smaller regional banks and integrating them into its platform. While this approach has helped the company build a significant local presence, it also presents execution risks related to market concentration and merger management. The stock may suit value-oriented investors who appreciate a conservative banking model, though potential interest rate sensitivity and competitive pressures remain key items to monitor. Investors should watch for ongoing operational improvements and continued success in managing credit risk within the bank's regional portfolio.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is largely dependent on M&A, which can be cyclical and integration-intensive. |
| Momentum investor | Mixed fit | Stock performance generally tracks regional bank sector trends rather than high-beta momentum. |
| Value investor | Strong fit | Regional banks often trade at reasonable multiples compared to broader market indices. |
| Dividend investor | Mixed fit | The company prioritizes capital for reinvestment rather than aggressive dividend growth. |
| Low-risk investor | Mixed fit | Banking involves inherent interest rate and credit risks, though the company is well-capitalized. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock can be sensitive to macroeconomic reports and interest rate expectations. |
| Valuation risk | Medium | Trading multiples are tied to book value, which may face pressure in a rising credit-loss environment. |
| Competition risk (regional banking competition) | Medium / high | Local market share is contested by larger, well-capitalized institutions. |
| Business quality | Medium | Franchise value is strong in local niches but lacks national brand recognition. |
| Dividend income | Medium | Investors should not rely on the stock for high-yield passive income. |
| Execution risk | Medium | Successful growth depends on the continued effective integration of future acquisitions. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -20.66% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.53B USD | Price to earnings Ratio 18.86 | 1Y Target Price 191.8 |
Price to earnings Ratio 18.86 | 1Y Target Price 191.8 | ||
Volume (30-day avg) 147.8K shares | Beta 0.64 | 52 Weeks Range 113.07 - 179.62 | Updated Date 09/27/2026 |
52 Weeks Range 113.07 - 179.62 | Updated Date 09/27/2026 | ||
Dividends yield (FY) 0.79% | Basic EPS (TTM) 8.93 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Net Interest Income | Interest earned on commercial and retail loans minus interest paid on deposits. | The bank makes its primary profit by charging more for loans than it pays for deposits. |
| Fee-based Services | Treasury management, trust services, and mortgage banking fees. | The company generates supplemental income from service fees unrelated to interest rates. |
| Geography (Wisconsin/Midwest) | Concentrated lending and deposit gathering in the Upper Midwest. | Nicolet's success is tied closely to the health of the local economy in the Great Lakes region. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 18.86 | Forward PE 14.84 | Enterprise Value 3.17B | Price to Sales(TTM) 6.92 |
Enterprise Value 3.17B | Price to Sales(TTM) 6.92 | ||
Enterprise Value to Revenue 6.83 | Enterprise Value to EBITDA - | Shares Outstanding 20.96M | Shares Floating 19.85M |
Shares Outstanding 20.96M | Shares Floating 19.85M | ||
Percent Insiders 8.67 | Percent Institutions 65.11 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Nicolet Bankshares Inc.
Exchange NYSE | Headquarters Green Bay, WI, United States | ||
IPO Launch date 2013-05-17 | Co-Founder, President, CEO, Chairman & Director Mr. Michael E. Daniels | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 1429 | Website https://www.nicoletbank.com |
Full time employees 1429 | Website https://www.nicoletbank.com | ||
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, Michigan, and Minnesota. The company accepts demand deposits, 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 loans; construction and land development loans; residential real estate loans, such as residential first lien and junior lien mortgages, home equity loans, 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.
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