Nicolet Bankshares, Inc. (NYSE:NIC) Receives $112.00 Average PT from Analysts

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) have been given an average rating of “Hold” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $112.00.

Several equities research analysts recently weighed in on NIC shares. Keefe, Bruyette & Woods increased their price target on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Maxim Group lifted their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 4,560 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $102.85, for a total transaction of $468,996.00. Following the completion of the transaction, the executive vice president now owns 26,674 shares in the company, valued at approximately $2,743,420.90. The trade was a 14.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Bruce Atwell sold 2,908 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $103.22, for a total value of $300,163.76. Following the sale, the director now directly owns 35,815 shares in the company, valued at approximately $3,696,824.30. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,507 shares of company stock valued at $9,626,332. 16.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Nicolet Bankshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in Nicolet Bankshares by 9.9% during the second quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after purchasing an additional 555 shares during the last quarter. Creative Planning increased its holdings in shares of Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock worth $1,194,000 after purchasing an additional 777 shares during the period. Rothschild Investment LLC bought a new stake in shares of Nicolet Bankshares in the 2nd quarter worth approximately $67,000. BNP Paribas Financial Markets boosted its stake in Nicolet Bankshares by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after buying an additional 1,010 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Nicolet Bankshares by 7.9% during the 3rd quarter. Fisher Asset Management LLC now owns 14,978 shares of the company’s stock valued at $1,432,000 after acquiring an additional 1,092 shares in the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

Nicolet Bankshares Stock Performance

Shares of NIC opened at $103.00 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50-day simple moving average of $108.78 and a 200-day simple moving average of $98.18. The stock has a market capitalization of $1.57 billion, a PE ratio of 13.10 and a beta of 0.76. Nicolet Bankshares has a 1 year low of $73.00 and a 1 year high of $116.17.

Nicolet Bankshares (NYSE:NIC) last released 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 return on equity of 10.56% and a net margin of 23.35%. The firm had revenue of $91.24 million for the quarter, compared to the consensus estimate of $86.50 million. On average, analysts predict that Nicolet Bankshares will post 7.61 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.28 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.09%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 14.25%.

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.