NIC (Nicolet Bankshares) Moat Score: 4/10 (As of Jun. 30, 2026)


NIC Nicolet Bankshares Inc NIC
67 GF Score
Price $164.52
GF Value $135.23
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Nicolet Bankshares Moat Score?

Nicolet Bankshares NIC +0.98% 67 Moat Score is 4 as of Jun. 30, 2026. GuruFocus rates NIC with a GF Score™ of 67/100 and a GF Value™ of $135.23 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,613 Banks companies, Nicolet Bankshares ranks better than 86.24% on this metric.

Nicolet Bankshares has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Nicolet Bankshares has Narrow Moat: Nicolet Bankshares Inc has a discernible but modest moat due to its regional banking presence and customer relationships. However, it lacks significant economies of scale, brand strength, and regulatory barriers, keeping its moat narrow.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Nicolet Bankshares might have Narrow Moat - Discernible but modest moat.

Nicolet Bankshares  (NYSE:NIC) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Nicolet Bankshares Moat Score Related Terms

NIC vs MCHB, FFBC, CBU: Moat Score Comparison

For the Banks - Regional subindustry, Nicolet Bankshares's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nicolet Bankshares Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, Nicolet Bankshares's Moat Score distribution charts can be found below:

* The bar in red indicates where Nicolet Bankshares's Moat Score falls into.


NIC
67GF Score
Nicolet Bankshares Inc NIC
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Nicolet Bankshares (NIC) has a Moat Score of 4 as of Jun. 30, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Nicolet Bankshares ranks #222 out of 1613 companies in the Banks industry, placing it in the top 13.8%.
Is Nicolet Bankshares' Moat Score too high?
Nicolet Bankshares' current Moat Score is 4. Based on the distribution chart, Nicolet Bankshares ranks #222 out of 1613 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Nicolet Bankshares has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nicolet Bankshares' Moat Score compare to MCHB and FFBC?
According to the Banks industry distribution chart, Nicolet Bankshares ranks #222 out of 1613 companies for Moat Score. This places Nicolet Bankshares in the top 14% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Banks company?
A good Moat Score depends on the Banks industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Nicolet Bankshares's current Moat Score is 4. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nicolet Bankshares stock overvalued right now?
Based on GuruFocus' analysis, Nicolet Bankshares (NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is $135.23, compared to a current price of $164.52 — trading 21.7% above its estimated fair value. The current Moat Score is 4. Nicolet Bankshares' overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Nicolet Bankshares (NIC), the current Moat Score is 4 as of Jun. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nicolet Bankshares (NIC) Overvalued in 2026?

Based on GuruFocus' analysis, Nicolet Bankshares stock appears to be overvalued. The current stock price of $164.52 is trading 21.7% above its estimated GF Value™ of $135.23. GuruFocus considers Nicolet Bankshares to be Modestly Overvalued.

Key valuation signals for NIC:

  • Moat Score: 4
  • GF Value™: $135.23 vs. price of $164.52 (21.7% above fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nicolet Bankshares Business Description

Address 111 North Washington Street, Green Bay, WI, USA, 54301
Nicolet Bankshares Inc is a United States-based bank holding company's principal business is banking, consisting of lending and deposit gathering, as well as ancillary banking-related products and services, to businesses and individuals of the communities it serves, and the operational support to deliver, fund and manage. It offers a variety of loans, deposits, and related services to business customers especially small and medium-sized businesses and professional concerns, business deposit products, cash management services, international banking services, business loans, lines of credit, commercial real estate financing, construction loans, agricultural real estate or production loans, and letters of credit, as well as retirement plan services.
67GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$164.52
Price
$135.23
GF Value