Nicolet Bankshares, Inc. (NYSE:NIC) Given Consensus Rating of “Hold” by Analysts

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) have been assigned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $106.00.

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

Insider Buying and Selling

In other Nicolet Bankshares news, CEO Michael E. Daniels sold 8,003 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was 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 $7,166,349.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Michael E. Daniels sold 8,003 shares of Nicolet Bankshares stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $98.98, for a total transaction of $792,136.94. Following the completion of the sale, the chief executive officer now directly owns 72,402 shares in the company, valued at approximately $7,166,349.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric James Witczak sold 15,000 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $97.18, for a total transaction of $1,457,700.00. Following the completion of the transaction, the executive vice president now owns 26,498 shares in the company, valued at $2,575,075.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,003 shares of company stock worth $3,727,087. Corporate insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new position in shares of Nicolet Bankshares during the second quarter valued at approximately $67,000. EntryPoint Capital LLC boosted its position in Nicolet Bankshares by 97.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after acquiring an additional 543 shares in the last quarter. Blair William & Co. IL purchased a new position in shares of Nicolet Bankshares in the 1st quarter valued at $201,000. ProShare Advisors LLC purchased a new position in shares of Nicolet Bankshares in the 1st quarter valued at $203,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Nicolet Bankshares during the 3rd quarter worth $412,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Stock Performance

NYSE:NIC opened at $104.51 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50-day simple moving average of $94.51 and a two-hundred day simple moving average of $87.37. The firm has a market capitalization of $1.56 billion, a PE ratio of 16.10 and a beta of 0.76. Nicolet Bankshares has a 52-week low of $63.58 and a 52-week high of $104.60.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, July 16th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.18. Nicolet Bankshares had a return on equity of 10.20% and a net margin of 21.13%. The company had revenue of $85.43 million during the quarter, compared to the consensus estimate of $81.40 million. Analysts forecast that Nicolet Bankshares will post 7.3 EPS for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s payout ratio is 17.26%.

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.