Analysts Set Nicolet Bankshares, Inc. (NYSE:NIC) PT at $106.00

Nicolet Bankshares, Inc. (NYSE:NIC) has been given a consensus rating of “Hold” by the five brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $106.00.

Separately, Maxim Group raised their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th.

Nicolet Bankshares Trading Up 0.0 %

NIC stock opened at $111.84 on Monday. The firm has a market cap of $1.70 billion, a PE ratio of 14.23 and a beta of 0.75. The firm has a fifty day moving average price of $99.88 and a 200 day moving average price of $91.25. Nicolet Bankshares has a fifty-two week low of $72.70 and a fifty-two week high of $116.17. 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 (NYSE:NIC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.13. The business had revenue of $91.24 million for the quarter, compared to the consensus estimate of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. Sell-side analysts anticipate that Nicolet Bankshares will post 7.74 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Insider Activity

In related news, EVP Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock in a transaction on Friday, October 25th. The shares were sold at an average price of $102.85, for a total transaction of $110,975.15. Following the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $2,743,420.90. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Bruce Atwell sold 14,171 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $103.00, for a total transaction of $1,459,613.00. Following the sale, the director now owns 33,315 shares of the company’s stock, valued at $3,431,445. This trade represents a 29.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,156 shares of company stock valued at $7,324,308. 16.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its position 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 increased its holdings in Nicolet Bankshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock valued at $48,783,000 after purchasing an additional 16,952 shares in the last quarter. Barclays PLC grew its position in Nicolet Bankshares by 170.7% in 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 grew 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, Sugar Maple Asset Management LLC bought a new stake in shares of Nicolet Bankshares in the first quarter worth $1,041,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Company Profile

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.