NIC

NICOLET BANKSHARES INC

NYSE· National Commercial Banks· Inc. WI· CIK 0001174850 Traditional Finance

$172.71 +1.30 (+0.76%)

Oct 26 4:00 PM ET · prev $171.41

Market cap

$3.6B

Mid cap

Consensus

Buy

70% Buy or better · 10 analysts

Median target

$195.00

+13% · range $190.00–200.00

1 year

+40.6%

from $122.84 · Oct 27

30 days

+3.6%

from $166.75

52-week range

$115.04–179.02

−4% from high · low Oct 29

Avg volume 20D

177.0K

shares / day

Short interest

1.11M

≈5.3% of shares · +5.0%

Days to cover

6.8

at average volume

Insider net

−$2.7M

0 buyers · 2 sellers · since Feb 13

New fund stakes

Q2 2026 13F · 1 exit

Filing reports

analyzed by SecBot

SecBot read BEARISH 3 reports · 90 days

Balance 1 bearish · 0 bullish · 1 mixed · 1 neutral oldest → newest, height = score

Avg score

·High conf. 2/3

Strongest BEARISH Nicolet Bankshares reported Q3 2026 GAAP diluted EPS of $2.96, below the consensus estimate of $3.28, and…

All reports →

Price

Daily candles with volume. Pins mark insider trades, rating changes, 13F stakes, reports, catalysts and short-interest jumps.

S Feb 18 1 insider sell $994.4K at $155.47
S Mar 5 to Mar 12 2 days of insider sells: $997.6K by 1 insider, avg $150.25
R Apr 21 Nicolet Bankshares announced Q1 2026 earnings with net income of $15…
A Jun 23 Raymond James initiates
S Jul 24 to Jul 28 3 days of insider sells: $716.0K by 2 insiders, avg $169.70
R Oct 20 Nicolet Bankshares reported Q3 2026 GAAP diluted EPS of $2.96, below…
E Oct 20 Earnings: NIC Q3 2026 Earnings: EPS $3.15 (+1.8% vs est)

Signal stack

Where each data set points today.

InsidersBEARISH

2 insiders sold $2.7M.
InstitutionsMIXED

Q2 2026: 22 added (2 new), 25 trimmed or exited. Largest new: Vanguard Capital Management $135.3M, Public Sector Pension Investment Board $11.1M.
AnalystsBULLISH

7 of 10 rate it Buy or better. Every target is above the price.
Short sellersSTEADY

Short interest +5.0% to 1.11M shares. 6.8 days to cover, ≈5.3% of shares.
TrendRANGE

3% above its 50-day average.

Who's buying

13F· Q2 2026

new positions

exit

$146.4M

in new stakes

Fund	Move	Shares	Value
BlackRock, Inc.	ADD	3,027,246	$500.7M
STATE STREET CORP	ADD	1,174,560	$194.2M
VANGUARD CAPITAL MANAGEMENT LLC	NEW	818,051	$135.3M
GOLDMAN SACHS GROUP INC	ADD	392,808	$65.0M
VANGUARD PORTFOLIO MANAGEMENT LLC	DOUBLED	358,093	$59.2M
MORGAN STANLEY	DOUBLED	159,708	$26.4M
FIRST TRUST ADVISORS LP	TRIM	144,116	$23.8M
Bank of New York Mellon Corp	ADD	139,427	$23.1M

Quarterly 13F filings are due 45 days after each quarter ends.

The Street

10 analysts

Buy 70% rate it Buy or better

Strong Buy1Buy6Hold3Sell0Strong Sell0

12-month targets · 5 analysts

$172.71 $190.00 $195.00 $200.00

Price is below the lowest target. Median implies +13%.Targets as of Oct 26, 2026.

Recent actions

Date	Firm	Action	Rating
Oct 23, 2026	Stephens & Co. MAINTAIN	MAINTAIN	Equal-Weight
Oct 21, 2026	Piper Sandler MAINTAIN	MAINTAIN	Overweight
Jul 23, 2026	Keefe, Bruyette & Woods MAINTAIN	MAINTAIN	Outperform
Jun 23, 2026	Raymond James INITIATE	INITIATE	Market Perform

Insider ledger

Form 4

bought · 0 insiders

$2.7M

sold · 2 insiders

Date	Insider	Type	Value
Aug 13, 2026	LONG DONALD J JR Director	GIFT	150 sh
Jul 28, 2026	Witczak Eric James EVP - Retail & Ag Banking	SELL	$58.8K
Jul 27, 2026	Witczak Eric James EVP - Retail & Ag Banking	SELL	$204.0K
Jul 24, 2026	ATWELL ROBERT BRUCE Director	SELL	$453.2K
Jul 24, 2026	ATWELL ROBERT BRUCE Director	TAX W/H	$826.6K
Jul 24, 2026	ATWELL ROBERT BRUCE Director	EXERCISE	$423.2K
Jun 8, 2026	MOORE HUBERT PHILLIP JR CFO	TAX W/H	$135.4K
May 19, 2026	CHANEY CARL J Director	AWARD	$59.9K

Earnings setup

Estimates

Revision history: 🔒 Fresh data, subscribers only

Period	EPS est.	Range	30D rev.	Revenue
Current Q	🔒 Fresh data, subscribers only
Next Q	🔒 Fresh data, subscribers only
Current FY	🔒 Fresh data, subscribers only
Next FY	🔒 Fresh data, subscribers only