Nicolet Bankshares Inc (NYSE: NIC) has reported E.P.S. of $1.96 for its second fiscal quarter (ending June 30) versus $1.54 for the same period a year ago — an increase of 27%. This performance was $0.31 better than the consensus estimate of $1.65. For the latest four quarters through June 30, E.P.S. were $7.05 compared to $4.14 a year ago — an increase of 70%.
Recent Price Action
Nicolet Bankshares Inc (NYSE: NIC) stock enjoyed a large increase of 4.5% on 7/16/24. The stock closed at $93.22. Moreover, this advance was accompanied by exceptionally high trading volume at 239% of normal. The stock has performed in line with the market over the last nine months and has risen 15.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NIC is expected to be a modest Value Builder.
Nicolet Bankshares has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Nicolet Bankshares has a neutral Power Rating of 54 and a slightly positive Appreciation Score of 70, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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