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

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) have received an average rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Three research 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 analysts that have issued ratings on the stock in the last year is $106.00.

A number of brokerages have weighed in on NIC. Piper Sandler lifted their price target on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Stephens lifted their price target on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Finally, Maxim Group lifted 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 Down 1.8 %

Shares of NIC stock opened at $100.11 on Thursday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 15.43 and a beta of 0.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. Nicolet Bankshares has a fifty-two week low of $63.58 and a fifty-two week high of $105.00. The firm’s 50 day moving average price is $95.41 and its two-hundred day moving average price is $87.85.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given 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 1.12%. Nicolet Bankshares’s payout ratio is currently 17.26%.

Insider Transactions at Nicolet Bankshares

In other news, CEO Michael E. Daniels sold 8,003 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $98.98, for a total transaction of $792,136.94. Following the transaction, the chief executive officer now directly owns 72,402 shares of the company’s stock, valued at approximately $7,166,349.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of Nicolet Bankshares during the second quarter worth $67,000. EntryPoint Capital LLC increased its stake in shares of Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after buying an additional 543 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Nicolet Bankshares in the first quarter worth $201,000. ProShare Advisors LLC bought a new stake in shares of Nicolet Bankshares in the first quarter worth $203,000. Finally, SG Americas Securities LLC bought a new stake in shares of Nicolet Bankshares in the third quarter worth $412,000. 43.06% of the stock is owned by institutional investors and hedge funds.

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.