Nicolet Bankshares (NYSE:NIC) Price Target Raised to $120.00 at Piper Sandler

Nicolet Bankshares (NYSE:NICGet Free Report) had its price target raised by stock analysts at Piper Sandler from $119.00 to $120.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 9.92% from the company’s previous close.

Several other analysts also recently commented on NIC. Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Maxim Group increased their target price on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Nicolet Bankshares presently has a consensus rating of “Hold” and a consensus price target of $116.00.

View Our Latest Report on Nicolet Bankshares

Nicolet Bankshares Stock Up 1.2 %

Shares of NYSE:NIC traded up $1.31 during trading on Wednesday, hitting $109.17. The stock had a trading volume of 11,076 shares, compared to its average volume of 45,248. Nicolet Bankshares has a 12 month low of $73.00 and a 12 month high of $116.17. The company has a market capitalization of $1.66 billion, a PE ratio of 13.89 and a beta of 0.77. The firm’s fifty day moving average is $108.40 and its 200 day moving average is $100.73. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NICGet Free Report) last announced its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. Analysts anticipate that Nicolet Bankshares will post 7.61 EPS for the current fiscal year.

Insider Activity

In related news, EVP Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.35, for a total value of $1,435,725.00. Following the completion of the transaction, the executive vice president now owns 26,674 shares in the company, valued at approximately $2,836,779.90. This trade represents a 33.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Bruce Atwell sold 2,721 shares of Nicolet Bankshares stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $103.00, for a total value of $280,263.00. Following the completion of the transaction, the director now owns 33,315 shares of the company’s stock, valued at approximately $3,431,445. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,899 shares of company stock worth $9,053,273 over the last 90 days. Corporate insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NIC. Dimensional Fund Advisors LP boosted its position in shares of Nicolet Bankshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock valued at $48,783,000 after buying an additional 16,952 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Nicolet Bankshares during the third quarter valued at approximately $528,000. Barclays PLC raised its stake in shares of Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after acquiring an additional 15,121 shares in the last quarter. State Street Corp raised its stake in shares of Nicolet Bankshares by 3.7% during the third quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after acquiring an additional 13,772 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Nicolet Bankshares by 1.6% in the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after buying an additional 4,911 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

About Nicolet Bankshares

(Get Free Report)

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.

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