Nicolet Bankshares, Inc. operates as the holding company for Nicolet National Bank that provides commercial and retail banking services for businesses and individuals.
Nicolet Bankshares Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$73.43|
|52 Week High||US$53.23|
|52 Week Low||US$86.25|
|1 Month Change||-3.61%|
|3 Month Change||2.73%|
|1 Year Change||34.07%|
|3 Year Change||34.71%|
|5 Year Change||91.47%|
|Change since IPO||358.94%|
Recent News & Updates
Industry Analysts Just Upgraded Their Nicolet Bankshares, Inc. (NASDAQ:NCBS) Revenue Forecasts By 14%
Shareholders in Nicolet Bankshares, Inc. ( NASDAQ:NCBS ) may be thrilled to learn that the analysts have just delivered...
|NCBS||US Banks||US Market|
Return vs Industry: NCBS underperformed the US Banks industry which returned 80% over the past year.
Return vs Market: NCBS underperformed the US Market which returned 37.5% over the past year.
Stable Share Price: NCBS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NCBS's weekly volatility (3%) has been stable over the past year.
About the Company
Nicolet Bankshares, Inc. operates as the holding company for Nicolet National Bank that provides commercial and retail banking services for businesses and individuals. 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 real estate loans; construction and land development loans; residential real estate loans, such as residential first lien mortgages, junior lien mortgages, home equity loans, lines of credit, and residential construction loans; and consumer loans.
Nicolet Bankshares Fundamentals Summary
|NCBS fundamental statistics|
Is NCBS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NCBS income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||6.08|
|Net Profit Margin||35.62%|
How did NCBS perform over the long term?See historical performance and comparison
Is Nicolet Bankshares undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NCBS ($73.43) is trading below our estimate of fair value ($142.18)
Significantly Below Fair Value: NCBS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NCBS is poor value based on its PE Ratio (12.1x) compared to the US Banks industry average (11x).
PE vs Market: NCBS is good value based on its PE Ratio (12.1x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: NCBS is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: NCBS is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1.1x).
How is Nicolet Bankshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NCBS's forecast earnings growth (16% per year) is above the savings rate (2%).
Earnings vs Market: NCBS's earnings (16% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: NCBS's earnings are forecast to grow, but not significantly.
Revenue vs Market: NCBS's revenue (12.1% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: NCBS's revenue (12.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NCBS's Return on Equity is forecast to be low in 3 years time (9.4%).
How has Nicolet Bankshares performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NCBS has high quality earnings.
Growing Profit Margin: NCBS's current net profit margins (35.6%) are higher than last year (29.6%).
Past Earnings Growth Analysis
Earnings Trend: NCBS's earnings have grown significantly by 26.2% per year over the past 5 years.
Accelerating Growth: NCBS's earnings growth over the past year (45.6%) exceeds its 5-year average (26.2% per year).
Earnings vs Industry: NCBS earnings growth over the past year (45.6%) exceeded the Banks industry 36%.
Return on Equity
High ROE: NCBS's Return on Equity (13%) is considered low.
How is Nicolet Bankshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NCBS's Assets to Equity ratio (8.2x) is low.
Allowance for Bad Loans: NCBS has a sufficient allowance for bad loans (470%).
Low Risk Liabilities: 98% of NCBS's liabilities are made up of primarily low risk sources of funding.
Loan Level: NCBS has an appropriate level of Loans to Assets ratio (61%).
Low Risk Deposits: NCBS's Loans to Deposits ratio (71%) is appropriate.
Level of Bad Loans: NCBS has an appropriate level of bad loans (0.2%).
What is Nicolet Bankshares's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NCBS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NCBS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NCBS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NCBS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NCBS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Daniels (57 yo)
Mr. Michael E. Daniels, also known as Mike, serves as President and Chief Executive Officer at Nicolet Bankshares, Inc. since April 26, 2021. Mr. Daniels serves as President of Nicolet National Bank since...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD1.79M) is about average for companies of similar size in the US market ($USD2.33M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: NCBS's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Experienced Board: NCBS's board of directors are seasoned and experienced ( 15.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NCBS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.8%.
Nicolet Bankshares, Inc.'s employee growth, exchange listings and data sources
- Name: Nicolet Bankshares, Inc.
- Ticker: NCBS
- Exchange: NasdaqCM
- Founded: 2000
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$876.565m
- Shares outstanding: 11.94m
- Website: https://www.nicoletbank.com
Number of Employees
- Nicolet Bankshares, Inc.
- 111 North Washington Street
- Green Bay
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 02:18|
|End of Day Share Price||2021/09/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.