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

Nicolet Bankshares, Inc. (NYSE:NIC) has been given an average rating of “Hold” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $106.00.

Separately, Maxim Group upped 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.

Insider Transactions at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 14,171 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $103.00, for a total value of $1,459,613.00. Following the sale, the director now directly owns 33,315 shares of the company’s stock, valued at approximately $3,431,445. This represents a 29.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brad Vincent Hutjens sold 6,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $115.30, for a total transaction of $691,800.00. Following the completion of the sale, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $3,075,512.20. The trade was a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,156 shares of company stock valued at $7,324,308 in the last ninety days. 16.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nicolet Bankshares

Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted 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 worth $14,094,000 after purchasing an additional 157,566 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 worth $48,783,000 after purchasing an additional 16,952 shares during the last quarter. Barclays PLC boosted its stake in shares of Nicolet Bankshares by 170.7% during the 3rd quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after purchasing an additional 15,121 shares during the last quarter. State Street Corp boosted its stake in shares of Nicolet Bankshares by 3.7% during the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after purchasing an additional 13,772 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Nicolet Bankshares during the 1st quarter worth about $1,041,000. 43.06% of the stock is owned by institutional investors and hedge funds.

Nicolet Bankshares Stock Up 0.0 %

Shares of Nicolet Bankshares stock opened at $111.84 on Monday. The company has a market cap of $1.70 billion, a P/E ratio of 14.23 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares has a one year low of $72.70 and a one year high of $116.17. The firm has a fifty day moving average of $99.88 and a two-hundred day moving average of $91.45.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. The company had revenue of $91.24 million during the quarter, compared to the consensus estimate of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. On average, analysts forecast that Nicolet Bankshares will post 7.74 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. 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.