|Bid||28.20 x 1800|
|Ask||90.00 x 1000|
|Day's Range||71.15 - 72.67|
|52 Week Range||69.46 - 98.20|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 17, 2023 - Apr 21, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||96.20|
Nicolet Bankshares (NYSE: NIC) saw its share price plummet 11% this week, as of noon ET today from last Friday's close, according to S&P Global Market Intelligence. Overall, the major market indexes were all down this week, with the S&P 500 falling 1.7%, the Dow Jones Industrial Average dropping 3.4%, and the Nasdaq Composite sinking 0.7% as of the same time. Green Bay, Wisconsin-based Nicolet Bankshares posted year-end and fourth-quarter earnings on Jan. 17, and the results may partially be the reason for the stock's decline this week.
Nicolet Bankshares (NIC) delivered earnings and revenue surprises of -10.24% and 4.56%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Nicolet Bankshares, Inc. (NYSE: NIC) ("Nicolet" or the "Company") announced fourth quarter 2022 net income of $28 million and earnings per diluted common share of $1.83, compared to $19 million and $1.29 for third quarter 2022, and $16 million and $1.25 for fourth quarter 2021, respectively. Annualized quarterly return on average assets was 1.26%, 0.93% and 0.96%, for fourth quarter 2022, third quarter 2022 and fourth quarter 2021, respectively.