Brokerages Set Nicolet Bankshares, Inc. (NYSE:NIC) PT at $112.00

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) have received an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $112.00.

Several research firms have recently issued reports on NIC. Keefe, Bruyette & Woods boosted their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Maxim Group raised their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total value of $859,817.00. Following the transaction, the director now owns 32,831 shares in the company, valued at $3,709,903. The trade was a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brad Vincent Hutjens sold 4,560 shares of the firm’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 completion of the sale, the executive vice president now owns 26,674 shares in the company, valued at approximately $2,743,420.90. The trade was a 14.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,507 shares of company stock valued at $9,626,332. 16.40% of the stock is owned by corporate insiders.

Institutional Trading of Nicolet Bankshares

Hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Nicolet Bankshares in the second quarter valued at approximately $67,000. Quantbot Technologies LP acquired a new position in shares of Nicolet Bankshares in the 3rd quarter valued at about $155,000. Virtu Financial LLC bought a new stake in shares of Nicolet Bankshares during the 3rd quarter valued at about $264,000. Quest Partners LLC lifted its stake in Nicolet Bankshares by 858.0% in the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after buying an additional 2,617 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Nicolet Bankshares by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after buying an additional 1,010 shares during the period. 43.06% of the stock is owned by institutional investors and hedge funds.

Nicolet Bankshares Stock Performance

Shares of NYSE:NIC opened at $103.00 on Tuesday. The business has a fifty day moving average of $108.78 and a 200-day moving average of $98.18. The firm has a market cap of $1.57 billion, a PE ratio of 13.10 and a beta of 0.76. 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 twelve month low of $73.00 and a twelve month high of $116.17.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.13. The firm had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. On average, equities research analysts predict that Nicolet Bankshares will post 7.61 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

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.