Nicolet Bankshares Inc. Common Stock (NIC)

FairStock Score: 52/100 — MIXED

Key Financials

Concerns

• Weak Piotroski F-Score of 3/9 suggests deteriorating financial quality across multiple dimensions
• Altman Z-Score of 0.4 places it in the financial distress zone—elevated bankruptcy risk

AI Analysis

Nicolet Bankshares Inc. Common Stock is a small-cap financial services company valued at $3.1 billion. The business generates $429 million in annual revenue with a 3.5% net margin. From a quality standpoint, Nicolet shows weak Piotroski F-Score of 3/9 signaling deteriorating fundamentals and distressed Altman Z-Score of 0.4 warrants caution. On valuation, the stock is reasonably priced at 16.1x earnings, with trades above its Graham Number with a negative 14% margin. Growth dynamics show revenue growing at 14.0% and profit growth of 16.9%. Our composite FairStock Score of 52/100 reflects mixed fundamentals overall. Investors should weigh the business quality against the current price and their own margin of safety requirements.

Bull Case

Improving fundamentals and sector tailwinds could drive meaningful earnings growth, compressing the effective multiple for patient investors. Operational leverage in the business model means incremental revenue growth could disproportionately boost bottom-line profitability.

Bear Case

Macro headwinds or sector-specific disruption could pressure margins, particularly if competitive intensity increases in the financial services space. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.

Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer