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NCBS

Nicolet BanksharesNasdaqCM:NCBS Stock Report

Market Cap

US$876.6m

7D

1.9%

1Y

34.1%

Updated

25 Sep, 2021

Data

Company Financials +
NCBS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends0/6

NCBS Overview

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

Summary of all time highs, changes and price drops for Nicolet Bankshares
Historical stock prices
Current Share PriceUS$73.43
52 Week HighUS$53.23
52 Week LowUS$86.25
Beta0.70
1 Month Change-3.61%
3 Month Change2.73%
1 Year Change34.07%
3 Year Change34.71%
5 Year Change91.47%
Change since IPO358.94%

Recent News & Updates

Jul 22
Industry Analysts Just Upgraded Their Nicolet Bankshares, Inc. (NASDAQ:NCBS) Revenue Forecasts By 14%

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...

Shareholder Returns

NCBSUS BanksUS Market
7D1.9%3.4%0.1%
1Y34.1%80.0%35.3%

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.

Price Volatility

Is NCBS's price volatile compared to industry and market?
NCBS volatility
NCBS Beta0.70
Industry Beta1.37
Market Beta1

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

FoundedEmployeesCEOWebsite
2000564Mike Danielshttps://www.nicoletbank.com

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

How do Nicolet Bankshares's earnings and revenue compare to its market cap?
NCBS fundamental statistics
Market CapUS$876.57m
Earnings (TTM)US$72.61m
Revenue (TTM)US$203.86m

12.1x

P/E Ratio

1.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NCBS income statement (TTM)
RevenueUS$203.86m
Cost of RevenueUS$0
Gross ProfitUS$203.86m
ExpensesUS$131.25m
EarningsUS$72.61m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.08
Gross Margin100.00%
Net Profit Margin35.62%
Debt/Equity Ratio8.1%

How did NCBS perform over the long term?

See historical performance and comparison

Valuation

Is Nicolet Bankshares undervalued compared to its fair value and its price relative to the market?

48.4%

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).


Future Growth

How is Nicolet Bankshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

16.0%

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%).


Past Performance

How has Nicolet Bankshares performed over the past 5 years?

26.2%

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.


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


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%).


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average management tenure


CEO

Mike Daniels (57 yo)

0.42

Tenure

US$1,794,821

Compensation

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.


Leadership Team

Experienced Management: NCBS's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: NCBS's board of directors are seasoned and experienced ( 15.7 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.8%.


Top Shareholders

Company Information

Nicolet Bankshares, Inc.'s 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$876.565m
  • Shares outstanding: 11.94m
  • Website: https://www.nicoletbank.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 02:18
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.