For its third fiscal quarter (ending September 30), Nicolet Bankshares Inc (NYSE: NIC) has reported a 86% increase in E.P.S. from $1.16 a year ago to $2.16 in the current quarter. This result exceeded the consensus estimate of $1.87 by $0.29. For the latest four quarters through September 30, E.P.S. were $8.06 versus $3.98 for the same period a year ago — an increase of 103%.
Recent Price Action
Nicolet Bankshares Inc (NYSE: NIC) stock increased 1.4% on 10/15/24. The shares closed at $98.91. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 7.4% 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Nicolet Bankshares has a slightly positive Appreciation Score of 69 and a good Power Rating of 75, and the Positive Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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