NIC

Nicolet Bankshares Inc

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Advanced Chart

134.850

+1.27(0.951%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

135.130

Open

134.800

VWAP

Vol

916.00

Mkt Cap

2.01B

Low

134.800

Amount

EV/EBITDA(TTM)

11.25

Total Shares

14.93M

2.02B

EV/OCF(TTM)

P/S(TTM)

6.07

Nicolet Bankshares, Inc. is the bank holding company of Nicolet National Bank (the Bank), a full-service, community bank providing services ranging from commercial, agricultural and consumer banking to wealth management and retirement plan services. The Bank operates branches in Wisconsin, Michigan and Minnesota. The Bank offers a variety of loans, deposits and related services to business customers, including business checking and other business deposit products and cash management services, international banking services, as well as retirement plan services. It offers a variety of banking products and services to consumers, including residential mortgage loans and mortgage refinancing, home equity loans and lines of credit, residential construction loans, safe deposit boxes, and personal brokerage, trust and fiduciary services. The Bank delivers its products and services through approximately 57 bank branch locations, online banking, mobile banking and an interactive Website.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

77.15M

+7.63%

78.16M

+9.23%

76.83M

+12.38%

Estimates Revision

The market is revising Upward the revenue expectations for Nicolet Bankshares, Inc. (NIC) for FY2025, with the revenue forecasts being adjusted by 2.57% over the past three months. During the same period, the stock price has changed by 14.19%.

Revenue Estimates for FY2025

Revise Upward

+2.57%

In Past 3 Month

Stock Price

Go Up

+14.19%

In Past 3 Month

3 Analyst Rating

3.57% Upside

Wall Street analysts forecast NIC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NIC is 139.67 USD with a low forecast of 118.00 USD and a high forecast of 161.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

2 Hold

0 Sell

Moderate Buy

3.57% Upside

Current: 134.850

Low

118.00

Averages

139.67

High

161.00

3.57% Upside

Current: 134.850

Low

118.00

Averages

139.67

High

161.00

Keefe Bruyette

Market Perform

maintain

$118 -> $135

2025-07-17

Reason

Keefe Bruyette

Price Target

$118 -> $135

2025-07-17

maintain

Market Perform

Reason

Keefe Bruyette raised the firm's price target on Nicolet Bankshares to $135 from $118 and keeps a Market Perform rating on the shares. Nicolet Bankshares continued its beat and raise streak, the analyst tells investors in a research note.

Maxim

NULL -> Buy

maintain

$131 -> $161

2025-07-17

Reason

Maxim

Price Target

$131 -> $161

2025-07-17

maintain

NULL -> Buy

Reason

Maxim raised the firm's price target on Nicolet Bankshares to $161 from $131 and keeps a Buy rating on the shares. The company reported a Q2 earnings beat on "solid" loan growth, much wider net interest margin, and very strong credit quality, the analyst tells investors in a research note.

Piper Sandler

Neutral

maintain

$140

2025-07-16

Reason

Piper Sandler

Price Target

$140

2025-07-16

maintain

Neutral

Reason

Piper Sandler raised the firm's price target on Nicolet Bankshares to $140 from $122.50 and keeps a Neutral rating on the shares. The firm notes Nicolet's Q2 results easily exceeded expectations largely via stronger net interest income that drove 7% PPNR upside, and overall profitability increased to even more impressive levels. Piper believes long-term shareholders will likely remain rewarded owning this high-quality institution as 1.5%-plus ROAs and mid-teens ROTCEs likely continue with additional low-to-mid-single digit organic loan and core deposit growth outlook, further net interest margin expansion, solid efficiencies and benign credit.

Keefe, Bruyette & Woods

Damon Delmonte

Hold

Maintains

$115 → $118

2025-04-17

Reason

Keefe, Bruyette & Woods

Damon Delmonte

Price Target

$115 → $118

2025-04-17

Maintains

Hold

Reason

Keefe Bruyette raised the firm's price target on Nicolet Bankshares to $118 from $115 and keeps a Market Perform rating on the shares post the Q1 report. Nicolet posted operating earnings that handily beat expectations, the analyst tells investors in a research note.

Piper Sandler

Nathan Race

Hold

Maintains

$120 → $118

2025-04-16

Reason

Piper Sandler

Nathan Race

Price Target

$120 → $118

2025-04-16

Maintains

Hold

Reason

Piper Sandler analyst Nathan Race lowered the firm's price target on Nicolet Bankshares to $118 from $120 and keeps a Neutral rating on the shares. The firm notes the company again delivered very solid results in Q1, with 5% PPNR upside driven by stronger net interest income aided by HSD loan growth and well-controlled operating expenses. Piper is more constructive on Nicolet following shares' recent pullback and believes long-term shareholders will continue to be rewarded owning this top tier institution.

Maxim Group

Michael Diana

Strong Buy

Maintains

$124 → $131

2025-01-23

Reason

Maxim Group

Michael Diana

Price Target

$124 → $131

2025-01-23

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Nicolet Bankshares Inc (NIC.N) is 14.14, compared to its 5-year average forward P/E of 12.48. For a more detailed relative valuation and DCF analysis to assess Nicolet Bankshares Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

12.48

Current PE

14.14

Overvalued PE

14.39

Undervalued PE

10.56

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Strongly Overvalued

5Y Average PS

4.72

Current PS

6.42

Overvalued PS

5.45

Undervalued PS

3.99