Core Insights - Nicolet Bankshares, Inc. (NYSE:NIC) is identified as an undervalued small-cap stock with a Hold rating and a price target of $140 set by Piper Sandler analyst Nathan Race [1] - The company announced a definitive merger agreement to acquire MidWestOne Financial Group, Inc., which is expected to enhance its market position [2][4] Financial Overview - The pro forma total assets of the combined entity will reach $15.3 billion, with deposits of $13.1 billion and loans amounting to $11.3 billion as of September 30 [3] - The merger will result in Nicolet Bankshares, Inc. operating over 110 branches and loan production offices in various regions including Denver, the Upper Midwest, Florida, and Colorado [3] Merger Details - The merger agreement has received unanimous approval from the boards of directors of both Nicolet Bankshares, Inc. and MidWestOne [4] - MidWestOne shareholders will receive 0.3175 shares of Nicolet common stock for each share of MidWestOne common stock they own, with the total merger consideration valued at approximately $864 million, equating to $41.37 per share based on Nicolet's closing stock price of $130.31 as of October 22, 2025 [5] Company Services - Nicolet Bankshares, Inc. provides a range of commercial and consumer banking services, including brokerage, lending, deposit gathering, trust, and investment management services [6]