Brokerages Set Nicolet Bankshares, Inc. (NYSE:NIC) Price Target at $106.00

Nicolet Bankshares, Inc. (NYSE:NIC) has been given a consensus rating of “Hold” by the five analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $106.00.

NIC has been the topic of a number of research reports. Stephens lifted their price target on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Maxim Group boosted their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Piper Sandler increased their target price on Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th.

Insider Transactions at Nicolet Bankshares

In related news, Director Susan L. Merkatoris sold 5,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $97.45, for a total value of $487,250.00. Following the completion of the transaction, the director now owns 83,218 shares of the company’s stock, valued at approximately $8,109,594.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Nicolet Bankshares news, CEO Michael E. Daniels sold 8,003 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $98.98, for a total transaction of $792,136.94. Following the transaction, the chief executive officer now owns 72,402 shares of the company’s stock, valued at $7,166,349.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Merkatoris sold 5,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $97.45, for a total value of $487,250.00. Following the completion of the sale, the director now directly owns 83,218 shares of the company’s stock, valued at approximately $8,109,594.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,003 shares of company stock valued at $2,269,387 over the last 90 days. 16.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nicolet Bankshares

A number of institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Nicolet Bankshares by 9.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 45,364 shares of the company’s stock valued at $3,901,000 after acquiring an additional 3,905 shares during the period. Principal Financial Group Inc. bought a new position in Nicolet Bankshares during the first quarter worth about $483,000. BNP Paribas Financial Markets increased its position in Nicolet Bankshares by 89.5% during the first quarter. BNP Paribas Financial Markets now owns 6,456 shares of the company’s stock worth $555,000 after buying an additional 3,050 shares during the last quarter. Empowered Funds LLC raised its stake in Nicolet Bankshares by 7.8% in the first quarter. Empowered Funds LLC now owns 33,683 shares of the company’s stock valued at $2,896,000 after buying an additional 2,450 shares during the period. Finally, Anchor Capital Advisors LLC lifted its position in shares of Nicolet Bankshares by 0.8% in the first quarter. Anchor Capital Advisors LLC now owns 21,936 shares of the company’s stock valued at $1,886,000 after buying an additional 167 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Nicolet Bankshares Trading Down 2.9 %

NYSE:NIC opened at $101.90 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day simple moving average is $95.13 and its 200-day simple moving average is $87.66. Nicolet Bankshares has a fifty-two week low of $63.58 and a fifty-two week high of $105.00. The stock has a market capitalization of $1.52 billion, a PE ratio of 15.70 and a beta of 0.76.

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.28 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.10%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 17.26%.

About Nicolet Bankshares

Nicolet Bankshares, Inc operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin and Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.