Nicolet Bankshares, Inc. (NYSE:NIC) Receives $112.00 Average Price Target from Analysts

Nicolet Bankshares, Inc. (NYSE:NIC) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $112.00.

NIC has been the subject of several research reports. Keefe, Bruyette & Woods upped their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Maxim Group increased their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 4,560 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $102.85, for a total transaction of $468,996.00. Following the transaction, the executive vice president now owns 26,674 shares in the company, valued at approximately $2,743,420.90. This represents a 14.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock in a transaction on Friday, October 18th. The stock was sold at an average price of $103.22, for a total transaction of $300,163.76. Following the sale, the director now owns 35,815 shares of the company’s stock, valued at $3,696,824.30. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,898 shares of company stock worth $8,766,515 over the last three months. Corporate insiders own 16.40% of the company’s stock.

Institutional Trading of Nicolet Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings 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 worth $48,783,000 after purchasing an additional 16,952 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Nicolet Bankshares during the 3rd quarter valued at about $528,000. Creative Planning lifted its holdings in shares of Nicolet Bankshares by 6.6% in the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock valued at $1,194,000 after buying an additional 777 shares during the period. Bank of New York Mellon Corp increased its position in shares of Nicolet Bankshares by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock valued at $5,479,000 after buying an additional 4,007 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Nicolet Bankshares by 9.9% during the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock worth $512,000 after buying an additional 555 shares during the period. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Nicolet Bankshares Trading Up 0.1 %

NYSE NIC opened at $111.65 on Friday. The stock has a market cap of $1.70 billion, a PE ratio of 14.20 and a beta of 0.76. Nicolet Bankshares has a 12 month low of $73.00 and a 12 month high of $116.17. The company’s 50-day moving average price is $104.64 and its 200-day moving average price is $94.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. The business had revenue of $91.24 million for the quarter, compared to analyst estimates of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. Equities research analysts forecast that Nicolet Bankshares will post 7.61 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Monday, December 2nd. Nicolet Bankshares’s payout ratio is 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.