# Nicolet Bankshares Inc. (NIC) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Banks. Price $172.12, market value $3.6 billion.

## Valuation
- **P/E (trailing): 19.3×** (5-yr avg 14.3×, 3-yr avg 14.8×). Nicolet Bankshares Inc. trades at 19.3× trailing earnings, well above its own five-year average of 14.3×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 12.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.60**. A PEG of 0.60 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 4.8%** (5-yr avg 8.3%). Free cash flow equals 4.8% of the market value, below its five-year average of 8.3%, so the shares are pricier on cash than usual.
- **Earnings yield: 5.2%**. The inverse of the P/E: 5.2% of the price is earned each year.

## Profitability
- **Return on equity: 12.0%**. 12.0% on shareholders' equity is solid.

## Growth
- **EPS growth (1 yr): 21.5%** (3-yr 14.2%/yr, 5-yr 11.4%/yr). Earnings per share rose 21.5%.
- **Free-cash-flow growth (3 yr): 12.4%/yr**. Free cash flow has compounded at 12.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.79%** ($1.32 per share, trailing). Nicolet Bankshares Inc. yields 0.79%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 12%** (14% of free cash flow). 12% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 3**. 3 straight years of increases.

## Price and momentum
- **Total return (1 yr): 26.0%** (YTD 42.6%, 3-mo 25.4%). The shares are up 26.0% over twelve months including dividends.
- **From 52-week high: -4.4%** (50.8% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.72** (volatility 30%). Beta of 0.72 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NIC · Page: https://foliofundamentals.com/stocks/nic

Not investment advice.