Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris Sells 1,000 Shares

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $111.27, for a total value of $111,270.00. Following the sale, the director now directly owns 82,218 shares of the company’s stock, valued at $9,148,396.86. This represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Nicolet Bankshares Price Performance

Shares of NIC stock opened at $110.40 on Thursday. Nicolet Bankshares, Inc. has a twelve month low of $73.00 and a twelve month high of $116.17. 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 fifty day simple moving average of $108.29 and a two-hundred day simple moving average of $101.65. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.75 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, analysts predict that Nicolet Bankshares, Inc. will post 8.1 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.01%. Nicolet Bankshares’s dividend payout ratio is presently 13.95%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NIC. Keefe, Bruyette & Woods lifted their target price on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, January 23rd. Piper Sandler lifted their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Maxim Group boosted their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $119.00.

Hedge Funds Weigh In On Nicolet Bankshares

Institutional investors have recently bought and sold shares of the business. Heck Capital Advisors LLC bought a new stake in Nicolet Bankshares during the 4th quarter valued at $629,000. Verus Wealth Management LLC purchased a new stake in shares of Nicolet Bankshares during the 4th quarter worth $551,000. Merit Financial Group LLC boosted its position in Nicolet Bankshares by 1.7% during the fourth quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock valued at $3,624,000 after purchasing an additional 592 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Nicolet Bankshares by 111.7% in the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock valued at $3,138,000 after purchasing an additional 17,314 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Nicolet Bankshares in the third quarter worth about $264,000. 43.06% of the stock is owned by hedge funds and other 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.