Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
NIC
Upturn stock ratingUpturn stock rating

Nicolet Bankshares Inc. (NIC)

Upturn stock ratingUpturn stock rating
$131.53
Last Close (24-hour delay)
Profit since last BUY3.02%
upturn advisory
Consider higher Upturn Star rating
BUY since 3 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

07/03/2025: NIC (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

5 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $124.9

1 Year Target Price $124.9

Analysts Price Target For last 52 week
$124.9 Target price
52w Low $79.22
Current$131.53
52w High $133

Analysis of Past Performance

Type Stock
Historic Profit -6.55%
Avg. Invested days 32
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/03/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.98B USD
Price to earnings Ratio 15.83
1Y Target Price 124.9
Price to earnings Ratio 15.83
1Y Target Price 124.9
Volume (30-day avg) 5
Beta 0.77
52 Weeks Range 79.22 - 133.00
Updated Date 07/5/2025
52 Weeks Range 79.22 - 133.00
Updated Date 07/5/2025
Dividends yield (FY) 1.04%
Basic EPS (TTM) 8.31

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 36.51%
Operating Margin (TTM) 48.49%

Management Effectiveness

Return on Assets (TTM) 1.48%
Return on Equity (TTM) 11.47%

Valuation

Trailing PE 15.83
Forward PE -
Enterprise Value 1446361728
Price to Sales(TTM) 5.62
Enterprise Value 1446361728
Price to Sales(TTM) 5.62
Enterprise Value to Revenue 6.01
Enterprise Value to EBITDA -
Shares Outstanding 15079200
Shares Floating 13365895
Shares Outstanding 15079200
Shares Floating 13365895
Percent Insiders 11.57
Percent Institutions 51.7

ai summary icon Upturn AI SWOT

Nicolet Bankshares Inc.

stock logo

Company Overview

overview logo History and Background

Nicolet Bankshares Inc. was founded in 2000 and is headquartered in Green Bay, Wisconsin. The bank has grown organically and through acquisitions, expanding its presence in Wisconsin and Michigan.

business area logo Core Business Areas

  • Commercial Banking: Offers a range of commercial lending products, deposit accounts, and treasury management services to businesses of all sizes.
  • Retail Banking: Provides personal banking services, including checking and savings accounts, mortgages, and consumer loans.
  • Wealth Management: Offers investment management, financial planning, and trust services to individuals and families.

leadership logo Leadership and Structure

Michael Daniels is the President & CEO. The company operates with a traditional corporate structure, with a board of directors overseeing management.

Top Products and Market Share

overview logo Key Offerings

  • Commercial Loans: Commercial loans are a primary revenue source for Nicolet Bankshares. While exact market share data is unavailable, it competes with larger regional and national banks. Competitors include Associated Banc-Corp, U.S. Bancorp and BMO Harris Bank.
  • Mortgages: Mortgages are another significant product. Nicolet competes with national mortgage lenders and other regional banks. Market share data is not publicly available at a granular level. Competitors include Rocket Mortgage, Wells Fargo, and Chase.
  • Deposit Accounts: Nicolet offers a variety of deposit accounts. The market is highly competitive, with numerous national and regional banks. Precise deposit market share is not readily available. Competitors include BMO Harris Bank, U.S. Bank, and Chase.

Market Dynamics

industry overview logo Industry Overview

The banking industry is currently characterized by increasing regulatory scrutiny, rising interest rates, technological disruption, and consolidation through mergers and acquisitions. There is an increased focus on digital banking solutions.

Positioning

Nicolet Bankshares is positioned as a community-focused regional bank, offering personalized service and local expertise. Its competitive advantage lies in its strong customer relationships and local market knowledge.

Total Addressable Market (TAM)

The TAM for banking services in Wisconsin and Michigan is estimated to be billions of dollars. Nicolet Bankshares is positioned to capture a portion of this TAM through organic growth and acquisitions.

Upturn SWOT Analysis

Strengths

  • Strong local market presence
  • Experienced management team
  • Solid customer relationships
  • Conservative lending practices
  • History of successful acquisitions

Weaknesses

  • Smaller size compared to national competitors
  • Limited geographic diversification
  • Reliance on regional economy
  • Lower brand recognition compared to larger banks

Opportunities

  • Further expansion through acquisitions
  • Increased penetration of existing markets
  • Development of new digital banking products
  • Growing demand for wealth management services
  • Rising interest rates can increase net interest margin

Threats

  • Increased competition from larger banks
  • Economic downturn in the Midwest
  • Rising interest rates impacting loan demand
  • Cybersecurity threats
  • Regulatory changes

Competitors and Market Share

competitor logo Key Competitors

  • BOH (BOH)
  • UMB Financial Corporation (UMBF)
  • First Business Financial Services, Inc. (FBIZ)

Competitive Landscape

Nicolet Bankshares competes with larger regional and national banks. It differentiates itself through its community focus, personalized service, and local expertise.

Major Acquisitions

Choice Bancorp

  • Year: 2021
  • Acquisition Price (USD millions): 126.5
  • Strategic Rationale: Expanded Nicolet's presence in Northeast Wisconsin. Grew the footprint and was expected to increase long term shareholder value.

Mackinac Financial Corporation

  • Year: 2022
  • Acquisition Price (USD millions): 248
  • Strategic Rationale: Expanded Nicolet's reach into the Upper Peninsula and Northern Lower Peninsula of Michigan.

Growth Trajectory and Initiatives

Historical Growth: Nicolet Bankshares has experienced significant growth through a combination of organic expansion and acquisitions.

Future Projections: Analysts project continued growth in revenue, earnings, and assets, driven by further expansion in existing and new markets.

Recent Initiatives: Recent initiatives include the acquisition of smaller banks and the launch of new digital banking products.

Summary

Nicolet Bankshares is a well-managed regional bank with a strong local presence and a history of successful acquisitions. The company's consistent growth in revenue and earnings is a positive sign. However, its smaller size compared to national competitors and reliance on the regional economy pose challenges. Strategic initiatives such as the acquisition of smaller banks and the launch of new digital banking products enhance the bank's growth prospects, but it must manage these expansions to be effective.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings (10-K, 10-Q)
  • Investor presentations
  • Analyst reports
  • Company Website

Disclaimers:

This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 952

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.