NasdaqCM:NCBS

Stock Analysis Report

Executive Summary

Nicolet Bankshares, Inc. operates as the holding company for Nicolet National Bank that provides commercial and retail banking services for businesses and individuals.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Nicolet Bankshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.2%

NasdaqCM:NCBS

-1.9%

US Banks

-1.9%

US Market


1 Year Return

12.2%

NasdaqCM:NCBS

-16.1%

US Banks

-3.3%

US Market

NCBS outperformed the Banks industry which returned -16.1% over the past year.

NCBS outperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

NCBSIndustryMarket
7 Day-3.2%-1.9%-1.9%
30 Day-5.4%-11.1%-6.2%
90 Day3.3%-4.9%0.3%
1 Year12.2%12.2%-13.7%-16.1%-1.1%-3.3%
3 Year65.4%65.4%37.8%28.4%37.9%28.9%
5 Year161.5%161.5%49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is Nicolet Bankshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nicolet Bankshares undervalued based on future cash flows and its price relative to the stock market?

29%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Nicolet Bankshares's share price is below the future cash flow value, and at a moderate discount (> 20%).

Nicolet Bankshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Nicolet Bankshares is good value based on earnings compared to the US Banks industry average.

Nicolet Bankshares is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Nicolet Bankshares is poor value based on expected growth next year.


Price Based on Value of Assets

Nicolet Bankshares is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Nicolet Bankshares expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Nicolet Bankshares's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).

Nicolet Bankshares's earnings are expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).

Nicolet Bankshares's revenue growth is positive but not above the United States of America market average.

Nicolet Bankshares's earnings growth is positive but not above the United States of America market average.

Nicolet Bankshares's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Nicolet Bankshares is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Nicolet Bankshares performed over the past 5 years?

37.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Nicolet Bankshares has delivered over 20% year on year earnings growth in the past 5 years.

Nicolet Bankshares's 1-year earnings growth is less than its 5-year average (33.2% vs 37.3%)

Nicolet Bankshares's earnings growth has exceeded the US Banks industry average in the past year (33.2% vs 33.1%).


Return on Equity

Nicolet Bankshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Nicolet Bankshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Nicolet Bankshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

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


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Nicolet Bankshares has an acceptable proportion of non-loan assets held.

Nicolet Bankshares has a sufficient allowance for bad loans.

Nicolet Bankshares's liabilities are made up of primarily low risk sources of funding.

Nicolet Bankshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Nicolet Bankshares are broadly funded by customer deposits.

Nicolet Bankshares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Nicolet Bankshares's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Nicolet Bankshares's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Nicolet Bankshares's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Nicolet Bankshares has not reported any payouts.

Unable to verify if Nicolet Bankshares's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Nicolet Bankshares has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Nicolet Bankshares's salary, the management and board of directors tenure and is there insider trading?

12.6yrs

Average management tenure


CEO

Bob Atwell (62yo)

19.6yrs

Tenure

US$1,100,309

Compensation

Mr. Robert B. Atwell, also known as Bob, has been the Chairman, Chief Executive Officer and President of Nicolet Bankshares Inc. since May 24, 2016. Mr., Atwell served as a Co-Chairman, Co-Chief Executive  ...


CEO Compensation Analysis

Bob's remuneration is lower than average for companies of similar size in United States of America.

Bob's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

12.6yrs

Average Tenure

51.5yo

Average Age

The average tenure for the Nicolet Bankshares management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

15.1yrs

Average Tenure

58.5yo

Average Age

The average tenure for the Nicolet Bankshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

Nicolet Bankshares individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$246,36501 Aug 19
Eric Witczak
EntityIndividual
Role
Other Key Executive
Executive Vice President of Nicolet National Bank
Shares3,712
Max PriceUS$66.37
SellUS$94,97225 Jul 19
Michael Vogel
EntityIndividual
Shares1,500
Max PriceUS$63.61
SellUS$1,413,67520 May 19
Michael Daniels
EntityIndividual
Role
Member of the Board of Directors
EVP, Secretary & Director
Shares23,175
Max PriceUS$61.00
BuyUS$3,09407 May 19
Rachel Campos-Duffy
EntityIndividual
Shares50
Max PriceUS$61.87
SellUS$50,12001 May 19
Thomas Herlache
EntityIndividual
Shares820
Max PriceUS$61.12
SellUS$104,34529 Apr 19
Eric Witczak
EntityIndividual
Role
Other Key Executive
Executive Vice President of Nicolet National Bank
Shares1,680
Max PriceUS$62.11
SellUS$60,86026 Apr 19
Ann Lawson
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares1,000
Max PriceUS$60.86
SellUS$169,99501 Mar 19
Patrick Madson
EntityIndividual
Role
Other Key Executive
Senior Vice President of Wealth Management - Nicolet National Bank
Shares3,000
Max PriceUS$56.91
SellUS$160,90107 Feb 19
Michael Steppe
EntityIndividual
Shares2,888
Max PriceUS$55.75
BuyUS$249,60607 Dec 18
Robert Weyers
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,900
Max PriceUS$50.94
SellUS$42,93827 Nov 18
Thomas Herlache
EntityIndividual
Shares820
Max PriceUS$52.36
SellUS$47,90506 Sep 18
Thomas Herlache
EntityIndividual
Shares870
Max PriceUS$55.09

Ownership Breakdown


Management Team

  • Mike Daniels (55yo)

    EVP, Secretary & Director

    • Tenure: 19.6yrs
    • Compensation: US$1.11m
  • Bob Atwell (62yo)

    Chairman

    • Tenure: 19.6yrs
    • Compensation: US$1.10m
  • Eric Witczak (48yo)

    Executive Vice President of Nicolet National Bank

    • Tenure: 19.0yrs
    • Compensation: US$528.28k
  • Ann Lawson (58yo)

    Chief Financial Officer

    • Tenure: 10.5yrs
    • Compensation: US$519.94k
  • Eric Radzak (40yo)

    Corporate Development Officer / Investor Relations

    • Tenure: 0.0yrs
  • Patrick Madson (38yo)

    Senior Vice President of Wealth Management - Nicolet National Bank

    • Tenure: 3.5yrs
    • Compensation: US$922.64k

Board Members

  • Terry Fulwiler (68yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$40.48k
  • Andrew Hetzel (63yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$29.98k
  • Sue Merkatoris (56yo)

    Director

    • Tenure: 16.6yrs
    • Compensation: US$45.73k
  • Bob Weyers (55yo)

    Director

    • Tenure: 19.6yrs
    • Compensation: US$37.48k
  • Donald Long (61yo)

    Director

    • Tenure: 19.6yrs
    • Compensation: US$44.98k
  • Mike Daniels (55yo)

    EVP, Secretary & Director

    • Tenure: 19.6yrs
    • Compensation: US$1.11m
  • Bob Atwell (62yo)

    Chairman

    • Tenure: 19.6yrs
    • Compensation: US$1.10m
  • Randy Rose (64yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: US$45.73k
  • Chris Ghidorzi (41yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$52.73k
  • John Dykema (56yo)

    Director

    • Tenure: 13.6yrs
    • Compensation: US$46.48k

Company Information

Nicolet Bankshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nicolet Bankshares, Inc.
  • Ticker: NCBS
  • Exchange: NasdaqCM
  • Founded: 2000
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$577.665m
  • Shares outstanding: 9.32m
  • Website: https://www.nicoletbank.com

Number of Employees


Location

  • Nicolet Bankshares, Inc.
  • 111 North Washington Street
  • Green Bay
  • Wisconsin
  • 54301
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NCBSNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 2013

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/26 00:17
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.