Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT - About
Nicolet Bankshares Inc. (NIC)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/23/2025: NIC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $147.8
1 Year Target Price $147.8
| 1 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -17.75% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.94B USD | Price to earnings Ratio 14.42 | 1Y Target Price 147.8 |
Price to earnings Ratio 14.42 | 1Y Target Price 147.8 | ||
Volume (30-day avg) 5 | Beta 0.73 | 52 Weeks Range 97.42 - 141.59 | Updated Date 10/24/2025 |
52 Weeks Range 97.42 - 141.59 | Updated Date 10/24/2025 | ||
Dividends yield (FY) 0.89% | Basic EPS (TTM) 8.74 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-10-21 | When After Market | Estimate 2.39 | Actual 2.66 |
Profitability
Profit Margin 37.26% | Operating Margin (TTM) 49.93% |
Management Effectiveness
Return on Assets (TTM) 1.55% | Return on Equity (TTM) 11.89% |
Valuation
Trailing PE 14.42 | Forward PE - | Enterprise Value 1584561280 | Price to Sales(TTM) 5.32 |
Enterprise Value 1584561280 | Price to Sales(TTM) 5.32 | ||
Enterprise Value to Revenue 5.69 | Enterprise Value to EBITDA - | Shares Outstanding 14856888 | Shares Floating 13115809 |
Shares Outstanding 14856888 | Shares Floating 13115809 | ||
Percent Insiders 11.97 | Percent Institutions 51.9 |
Upturn AI SWOT
Nicolet Bankshares Inc.
Company Overview
History and Background
Nicolet Bankshares Inc. was founded in 2000 in Green Bay, Wisconsin. It has grown through organic expansion and strategic acquisitions, focusing on community banking.
Core Business Areas
- Commercial Banking: Offers a range of commercial loans, deposit accounts, and treasury management services to businesses of all sizes.
- Retail Banking: Provides personal banking services, including checking and savings accounts, mortgage loans, and consumer loans.
- Wealth Management: Offers wealth management, trust, and investment services to individuals and families.
Leadership and Structure
Nicolet Bankshares Inc. is led by a board of directors and an executive management team. The organizational structure includes various departments overseeing different business lines.
Top Products and Market Share
Key Offerings
- Commercial Loans: Provides loans to businesses for various purposes. Market share data is difficult to pin down precisely due to the fragmented nature of the commercial lending market, but Nicolet focuses on serving Wisconsin and Upper Michigan. Competitors include Associated Banc-Corp (ASB), U.S. Bancorp (USB), and local credit unions.
- Mortgage Loans: Offers mortgage loans to individuals for home purchases. Again, market share varies geographically. Competitors include national lenders like Rocket Mortgage (RKT), as well as regional and local banks.
- Deposit Accounts: Provides checking, savings, and money market accounts for individuals and businesses. Competitors include national banks like JPMorgan Chase (JPM) and Bank of America (BAC).
Market Dynamics
Industry Overview
The banking industry is currently facing increased competition, rising interest rates, and evolving regulatory landscape. Digital transformation is also reshaping the industry.
Positioning
Nicolet Bankshares Inc. positions itself as a community bank with a focus on customer service and local relationships. Its competitive advantage lies in its deep understanding of the local market.
Total Addressable Market (TAM)
The TAM for banking services in the Midwest is substantial, estimated in the billions of dollars. Nicolet Bankshares Inc. is positioned to capture a share of this market by focusing on its regional footprint.
Upturn SWOT Analysis
Strengths
- Strong local presence
- Excellent customer service
- Experienced management team
- Solid financial performance
Weaknesses
- Limited geographic reach
- Smaller size compared to larger competitors
- Reliance on traditional banking model
- Lower technological innovation compared to other competitors.
Opportunities
- Expansion into new markets within the Midwest
- Increased digital banking offerings
- Acquisition of smaller banks
- Growing wealth management business
Threats
- Increasing competition from larger banks and fintech companies
- Rising interest rates
- Economic downturn
- Regulatory changes
Competitors and Market Share
Key Competitors
- ASB
- BOH
- MBWM
- CASH
Competitive Landscape
Nicolet competes primarily on customer service and local knowledge. Larger competitors have broader product offerings and greater financial resources.
Major Acquisitions
Choice Bancorp
- Year: 2021
- Acquisition Price (USD millions): 150
- Strategic Rationale: Expanded Nicolet's presence in Southeastern Wisconsin and increased market share.
Growth Trajectory and Initiatives
Historical Growth: Describe past trends.
Future Projections: Provide forecasts based on information. This is text based information.
Recent Initiatives: Describe initiatives undertaken recently. This is text based information.
Summary
Nicolet Bankshares demonstrates a strong community focus and solid regional presence. Its growth strategy, centered on acquisitions and customer service, has proven effective. However, it must navigate increasing competition from larger institutions and adapt to digital banking trends. Its smaller size may limit certain opportunities.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry databases
- Earnings transcripts
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share data is approximate and may vary depending on the source.
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.
About Nicolet Bankshares Inc.
Exchange NYSE | Headquaters Green Bay, WI, United States | ||
IPO Launch date 2013-05-17 | President, CEO & Chairman Mr. Michael E. Daniels | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 952 | Website https://www.nicoletbank.com |
Full time employees 952 | 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 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, 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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.