Nicolet Bankshares Inc. (NIC) Stock Analysis
Financial Services · Banks - Regional
Hold if already holding. Not a fresh buy at $146.33, but acceptable to hold if already in. Reasons: Thin upside margin: 3.6%; Negative momentum.
Nicolet Bankshares is a Wisconsin-based bank and financial holding company operating through Nicolet National Bank, a full-service community bank with 57 branches at year-end 2025 (114 post-MidWestOne acquisition), serving Wisconsin, Michigan, Minnesota, and Iowa with... Read more
Hold if already holding. Not a fresh buy at $146.33, but acceptable to hold if already in. Reasons: Thin upside margin: 3.6%; Negative momentum. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Maintain position. Not compelling to add more. Score 6.2/10, moderate confidence.
Passes 5/7 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 74d clear, semi cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMGeographicWisconsin, Michigan, Minnesota10-K Item 1: 'As of year-end 2025, Nicolet primarily operated in Wisconsin, Michigan, and Minnesota'
Material Events(8-K, last 90d)
- 2026-02-20Item 2.01MEDIUMNicolet completed the merger with MidWestOne Financial Group, Inc. on February 13, 2026. MidWestOne merged into Nicolet; Nicolet issued ~6.6 million shares at 0.3175 exchange ratio. MidWestOne had ~$6B in assets.SEC filing →
- 2026-01-26Item 5.02LOWCompensation Committee approved equity awards of 101,000 total RSUs to executives for MidWestOne integration: Michael Daniels 20,000, others 10,000 each. Performance-based vesting over 3-year period through Dec 31, 2028.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker·1 ceiling hit
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $146.33, but acceptable to hold if already in. Reasons: Thin upside margin: 3.6%; Negative momentum. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Maintain position. Not compelling to add more. Target $151.55 (+3.6%), stop $138.22 (−5.9%), A.R:R 0.6:1. Score 6.2/10, moderate confidence.
Take-profit target: $151.55 (+3.6% upside). Target $151.55 (+3.6%), stop $138.22 (−5.9%), A.R:R 0.6:1. Stop-loss: $138.22.
Thin upside margin: 3.6%; Negative momentum.
Nicolet Bankshares Inc. trades at a P/E of 17.2 (forward 11.0). TrendMatrix value score: 7.3/10. Verdict: Hold.
9 analysts cover NIC with a consensus score of 3.9/5. Average price target: $174.
What does Nicolet Bankshares Inc. do?Nicolet Bankshares is a Wisconsin-based bank and financial holding company operating through Nicolet National Bank, a...
Nicolet Bankshares is a Wisconsin-based bank and financial holding company operating through Nicolet National Bank, a full-service community bank with 57 branches at year-end 2025 (114 post-MidWestOne acquisition), serving Wisconsin, Michigan, Minnesota, and Iowa with commercial, agricultural, and consumer banking plus wealth management services. Total assets were $9.2B at December 31, 2025; 2025 net income was $151M ($9.78 diluted EPS).