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

Nicolet Bankshares, Inc. (NYSE:NIC) has earned an average rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $106.00.

Several research firms have commented on NIC. Maxim Group boosted their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Piper Sandler increased their target price on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Finally, Stephens raised their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th.

Nicolet Bankshares Stock Down 1.6 %

Shares of Nicolet Bankshares stock opened at $111.98 on Monday. Nicolet Bankshares has a 1 year low of $72.70 and a 1 year high of $116.17. The company has a market cap of $1.70 billion, a P/E ratio of 14.25 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $98.90 and a 200 day moving average price of $90.72.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The business had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. As a group, analysts expect that Nicolet Bankshares will post 7.74 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is 14.25%.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, CEO Michael E. Daniels sold 8,003 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $98.98, for a total value of $792,136.94. Following the completion of the sale, the chief executive officer now directly owns 72,402 shares of the company’s stock, valued at $7,166,349.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael E. Daniels sold 8,003 shares of Nicolet Bankshares stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $98.98, for a total transaction of $792,136.94. Following the sale, the chief executive officer now directly owns 72,402 shares in the company, valued at approximately $7,166,349.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brad Vincent Hutjens sold 4,500 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $110.90, for a total transaction of $499,050.00. Following the transaction, the executive vice president now owns 26,674 shares of the company’s stock, valued at approximately $2,958,146.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,156 shares of company stock worth $6,632,508 over the last three months. 16.40% of the stock is currently owned by insiders.

Institutional Trading of Nicolet Bankshares

Several large investors have recently added to or reduced their stakes in NIC. Rothschild Investment LLC bought a new position in Nicolet Bankshares in the 2nd quarter worth approximately $67,000. EntryPoint Capital LLC raised its position in shares of Nicolet Bankshares by 97.3% during the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after acquiring an additional 543 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Nicolet Bankshares during the third quarter valued at $155,000. Blair William & Co. IL bought a new position in Nicolet Bankshares in the first quarter valued at about $201,000. Finally, ProShare Advisors LLC acquired a new stake in Nicolet Bankshares in the first quarter worth about $203,000. 43.06% of the stock is owned by institutional investors.

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.