Nicolet Bankshares Inc. (NYSE:NIC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Nicolet Bankshares Inc. (NYSE:NIC) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $183.00.

A number of analysts have weighed in on NIC shares. Zacks Research upgraded shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Hovde Group lowered their price target on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Weiss Ratings cut Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Piper Sandler set a $194.00 target price on Nicolet Bankshares in a research report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price target on Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB acquired a new stake in shares of Nicolet Bankshares in the second quarter valued at about $728,000. Parallel Advisors LLC lifted its holdings in Nicolet Bankshares by 151.9% in the first quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock valued at $90,000 after buying an additional 366 shares during the period. Bank of America Corp DE boosted its position in Nicolet Bankshares by 109.8% during the first quarter. Bank of America Corp DE now owns 31,420 shares of the company’s stock valued at $4,670,000 after acquiring an additional 16,446 shares during the last quarter. Janus Henderson Group PLC boosted its position in Nicolet Bankshares by 2.7% during the first quarter. Janus Henderson Group PLC now owns 104,081 shares of the company’s stock valued at $15,466,000 after acquiring an additional 2,701 shares during the last quarter. Finally, Smith Group Asset Management LLC grew its holdings in Nicolet Bankshares by 9.3% during the 1st quarter. Smith Group Asset Management LLC now owns 2,230 shares of the company’s stock worth $331,000 after acquiring an additional 189 shares during the period. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Stock Performance

NYSE:NIC opened at $169.77 on Monday. Nicolet Bankshares has a twelve month low of $114.11 and a twelve month high of $173.48. The company has a quick ratio of 0.91, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $153.43 and its 200 day simple moving average is $149.10. The firm has a market capitalization of $3.61 billion, a PE ratio of 19.27 and a beta of 0.65.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, July 21st. The company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.85 by $0.14. The firm had revenue of $177.75 million during the quarter, compared to the consensus estimate of $171.93 million. Nicolet Bankshares had a return on equity of 11.36% and a net margin of 21.77%. On average, analysts anticipate that Nicolet Bankshares will post 12.3 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 0.8%. Nicolet Bankshares’s payout ratio is currently 16.88%.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.