Piper Sandler analyst Nathan Race has adjusted the price target for Nicolet Bankshares (NIC, Financial), reducing it slightly from $120 to $118 while maintaining a Neutral rating. Despite this minor adjustment, Nicolet Bankshares demonstrated a robust performance in the first quarter, with pre-provision net revenue (PPNR) exceeding expectations by 5%. This was largely driven by higher net interest income, supported by high single-digit loan growth and effective management of operating expenses.
The analyst expressed a positive outlook on the bank, especially after the recent decline in its share price. Piper Sandler remains confident that long-term investors will benefit from owning shares in Nicolet Bankshares, which they regard as a leading institution. Overall, the bank's strong financial results and strategic management are seen as indicators of continued success and reliability for shareholders.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Nicolet Bankshares Inc (NIC, Financial) is $124.00 with a high estimate of $134.00 and a low estimate of $115.00. The average target implies an upside of 17.94% from the current price of $105.14. More detailed estimate data can be found on the Nicolet Bankshares Inc (NIC) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Nicolet Bankshares Inc's (NIC, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Nicolet Bankshares Inc (NIC, Financial) in one year is $81.03, suggesting a downside of 22.93% from the current price of $105.14. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Nicolet Bankshares Inc (NIC) Summary page.
