Nicolet Bankshares (NYSE:NIC) Reaches New 52-Week High – Should You Buy?

Nicolet Bankshares, Inc. (NYSE:NIC)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $105.00 and last traded at $104.99, with a volume of 61360 shares traded. The stock had previously closed at $103.21.

Analyst Ratings Changes

A number of research firms have recently weighed in on NIC. Stephens upped their price target on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Piper Sandler upped their price target on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Finally, Maxim Group boosted their price objective 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nicolet Bankshares currently has an average rating of “Hold” and a consensus price target of $106.00.

Nicolet Bankshares Stock Up 11.2 %

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 firm’s 50-day moving average is $97.46 and its 200 day moving average is $89.61. The firm has a market capitalization of $1.75 billion, a PE ratio of 14.63 and a beta of 0.75.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders 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 yield of 0.98%. Nicolet Bankshares’s dividend payout ratio (DPR) is 14.25%.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,908 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $103.22, for a total value of $300,163.76. Following the transaction, the director now directly owns 35,815 shares in the company, valued at approximately $3,696,824.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Brad Vincent Hutjens sold 4,560 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were 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 of the company’s stock, valued at $2,743,420.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Bruce Atwell sold 2,908 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $103.22, for a total transaction of $300,163.76. Following the transaction, the director now directly owns 35,815 shares of the company’s stock, valued at approximately $3,696,824.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,142 shares of company stock worth $3,685,043. Corporate insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NIC. Janus Henderson Group PLC increased its stake in shares of Nicolet Bankshares by 2,480.2% during the 1st quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock valued at $14,094,000 after acquiring an additional 157,566 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Nicolet Bankshares by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock valued at $48,783,000 after acquiring an additional 16,952 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of Nicolet Bankshares during the 1st quarter valued at about $1,041,000. Vanguard Group Inc. increased its stake in shares of Nicolet Bankshares by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock valued at $60,704,000 after acquiring an additional 8,213 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Nicolet Bankshares during the 3rd quarter valued at about $528,000. Institutional investors and hedge funds own 43.06% of the company’s stock.

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.