Critical Analysis: United Security Bancshares (NASDAQ: UBFO) vs. Nicolet Bankshares (NYSE: NIC)


United Security Bankshares (NASDAQ: UBFOGet an assessment) and Nicolet Bankshares (NYSE: NICGet an assessment) are both small cap finance companies, but which is the better investment? We’ll compare the two companies based on earnings strength, valuation, dividends, risk, institutional ownership, analyst recommendations and profitability.

Analyst Notes

This is a summary of recent ratings and target prices for United Security Bancshares and Nicolet Bankshares, as reported by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
United Security Bancshares 0 0 0 0 N / A
Shares Bank Nicolet 0 0 0 0 N / A

Institutional and insider ownership

37.0% of the shares of United Security Bancshares are held by institutional investors. By comparison, 37.6% of Nicolet Bankshares shares are held by institutional investors. 20.4% of United Security Bancshares shares are held by insiders of the company. By comparison, 13.4% of the shares of Nicolet Bankshares are held by insiders of the company. Strong institutional ownership indicates that large fund managers, endowments, and hedge funds believe a stock is poised for long-term growth.

Valuation and benefits

This table compares the revenue, earnings per share (EPS), and valuation of United Security Bancshares and Nicolet Bankshares.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
United Security Bancshares $41.12 million 3.06 $10.10 million $0.65 11:35 a.m.
Shares Bank Nicolet $238.92 million 4.15 $60.65 million $5.45 1:60 p.m.

Nicolet Bankshares has higher revenue and profit than United Security Bancshares. United Security Bancshares trades at a lower price-to-earnings ratio than Nicolet Bankshares, indicating that it is currently the more affordable of the two stocks.

Volatility and risk

United Security Bancshares has a beta of 0.72, meaning its stock price is 28% less volatile than the S&P 500. In contrast, Nicolet Bankshares has a beta of 0.66, meaning its stock price is 34 % less volatile than the S&P 500.


This table compares the net margins, return on equity and return on assets of United Security Bancshares and Nicolet Bankshares.

Net margins Return on equity return on assets
United Security Bancshares 26.16% 9.45% 0.86%
Shares Bank Nicolet 25.73% 10.09% 1.17%


Nicolet Bankshares beats United Security Bancshares on 8 of the 11 factors compared between the two stocks.

United Security Bancshares Company Profile (Get an assessment)

United Security Bancshares operates as a bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to businesses and the professional community, as well as individuals in California. The Company accepts a variety of deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable promissory withdrawal accounts, money market accounts and term deposit certificates. It also offers real estate, commercial and industrial mortgages, building construction and consumer loans, as well as agricultural, installment and student loans. In addition, the Company offers online and mobile banking, safe deposit boxes, wire transfers, payroll direct deposit, cashier’s checks, cash management, travelers checks, money orders and services. foreign draft, as well as ATMs and ATM services. As of January 26, 2022, it operated 12 full-service branches in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Mendota, Oakhurst, San Joaquin and Taft. The company was founded in 1987 and is based in Fresno, California.

Nicolet Bankshares Company Profile (Get an assessment)

Nicolet Bankshares, Inc. operates as a bank holding company for Nicolet National Bank which provides corporate and personal banking products and services. 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 commercial loans and lines of credit; commercial real estate loans; agricultural production (AG) and real estate loans AG; commercial real estate investment property loans; construction and land development loans; residential real estate loans, such as first and junior residential mortgages, home equity loans, lines of credit and home construction loans; and consumer loans. In addition, the Company provides cash management, international banking, personal brokerage, safe deposit boxes, trust and fiduciary services, as well as wealth management and pension plan services. Additionally, it offers mortgage refinancing; online services, such as commercial, retail and trust online banking; automated bill payment, mobile banking deposits and account access, and remote deposit capture services; and other services consisting of wire transfers, debit cards, credit cards, prepaid gift cards, direct deposits and official bank checks, and crop insurance products. As of December 31, 2021, it operated 52 branches in Wisconsin and 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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