NIC

Nicolet Bankshares, Inc.

Financial Services · $2.8B market cap

Verdict

Share price

$166.47

close of Oct 3, 2026

Fair value

$148.35

Sticker Price

Payback Price

$59.34

buy price

Overpriced

NIC is Overpriced: at $166.47 it trades 12% above its fair value of $148.35. Its buy price (Payback Price) is $59.34, 64% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth21.2% a year✓
Equity per share growth11.1% a year✓
Sales growth21.9% a year✓
Free cash flow growth22.2% a year✓
Return on invested capital5.1%✗

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Insider activity

Since Jul 24, 2026: no open-market purchases, 3 sales worth $716K and 3 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Nicolet Bankshares, Inc.

Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota. The company accepts demand deposits, checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

NIC stock (Nicolet Bankshares, Inc.): fair value $148.35, Overpriced — PaybackPrice