Reviewing Opus Bank (OPB)’s and Nicolet Bankshares Inc. (NASDAQ:NCBS)’s results

Opus Bank (NASDAQ:OPB) and Nicolet Bankshares Inc. (NASDAQ:NCBS) have been rivals in the Money Center Banks for quite some time. Below is a review of each business including various aspects such as risk, analyst recommendations, profitability, dividends, institutional ownership, earnings and valuation.

Valuation and Earnings

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Opus Bank 221.12M 3.38 27.68M 1.25 16.77
Nicolet Bankshares Inc. 145.83M 3.92 41.73M 4.23 14.27

Table 1 demonstrates Opus Bank and Nicolet Bankshares Inc.’s gross revenue, earnings per share (EPS) and valuation. Nicolet Bankshares Inc. seems to has lower revenue, but higher earnings compared to Opus Bank. The business that is more expensive between the two has a higher price-to-earnings ratio. Opus Bank’s presently higher price-to-earnings ratio means it is more expensive than Nicolet Bankshares Inc.


Table 2 represents Opus Bank (NASDAQ:OPB) and Nicolet Bankshares Inc. (NASDAQ:NCBS)’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Opus Bank 12.52% 3.7% 0.5%
Nicolet Bankshares Inc. 28.62% 10.9% 1.4%

Volatility & Risk

Opus Bank has a beta of 1.25 and its 25.00% more volatile than Standard & Poor’s 500. Competitively, Nicolet Bankshares Inc.’s 32.00% volatility makes it less volatile than Standard & Poor’s 500, because of the 0.68 beta.


Opus Bank pays out its dividends annually at $0.44 per share and 2.13% dividend yield. Nicolet Bankshares Inc. does not pay a dividend.

Insider & Institutional Ownership

The shares of both Opus Bank and Nicolet Bankshares Inc. are owned by institutional investors at 97.7% and 36.9% respectively. About 0.2% of Opus Bank’s share are held by insiders. Competitively, insiders own roughly 10.6% of Nicolet Bankshares Inc.’s shares.


In this table we show the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
Opus Bank -3.18% -0.47% -3.72% 1.5% -26.35% 7.15%
Nicolet Bankshares Inc. 0.43% 1.72% 5.71% 14.37% 9.53% 23.63%

For the past year Opus Bank has weaker performance than Nicolet Bankshares Inc.


Nicolet Bankshares Inc. beats on 9 of the 13 factors Opus Bank.

Opus Bank provides various banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. It offers demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit. The company also provides multifamily residential loans, commercial real estate loans, commercial business loans, small business administration loans, construction loans, and single-family residential and consumer loans; and loans and lines for working capital, expansion, acquisitions, consolidation, and transition. In addition, it offers financial and advisory services related to raising equity capital, targeted acquisition and divestiture strategies, general mergers and acquisitions, debt and equity financing, balance sheet restructuring, valuation, strategy, and performance improvement; and loan and depository services to other financial institutions, such as banks, thrifts, and credit unions. Further, the company provides commercial escrow services and facilitates tax-deferred commercial exchanges; and cash management and payment solutions, as well as fiduciaries. As of February 15, 2017, it operated 56 banking offices, including 32 in California, 21 in the Seattle/Puget Sound region in Washington, 2 in the Phoenix metropolitan area of Arizona, and 1 in Portland, Oregon. The company was formerly known as Bay Cities National Bank. Opus Bank was founded in 1982 and is headquartered in Irvine, California.

Nicolet Bankshares, Inc. operates as the holding company for Nicolet National Bank that provides commercial and retail banking services for businesses and individuals. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial, and business loans and lines of credit, as well as owner-occupied commercial real estate and agricultural (AG) production loans; commercial real estate loans consisting of investment real estate, AG real estate, and construction and land development loans; residential real estate loans, such as residential first lien mortgages, junior lien mortgages, home equity loans, lines of credit, and residential construction loans; and consumer loans. In addition, the company provides cash management, international banking, personal brokerage, safe deposit boxes, and trust and fiduciary, as well as wealth management and services retirement plans. Further, it offers mortgage refinancing; personal loans; on-line services, such as commercial, retail, and trust on-line banking; automated bill payment, mobile banking deposits and account access, remote deposit capture, and telephone banking services; and other services consisting of wire transfers, debit cards, credit cards, pre-paid gift cards, direct deposits, official bank checks, and the U.S. savings bonds. Additionally, the company provides investment strategy and transactional services to financial institutions. As of December 31, 2016, it operated 36 branches located in 11 Wisconsin counties, including Brown, Door, Outagamie, Kewaunee, Marinette, Taylor, Clark, Marathon, Oneida, Price, and Vilas; and in Menominee, Michigan. The company was formerly known as Green Bay Financial Corporation and changed its name to Nicolet Bankshares, Inc. in March 2002. Nicolet Bankshares, Inc. was incorporated in 2000 and is headquartered in Green Bay, Wisconsin.

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