Nicolet Bankshares Inc. (NIC) – What Are Researchers Saying About This Stock?

Shares of Nicolet Bankshares Inc. (NYSE:NIC) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $183.00.

Several research analysts have commented on NIC shares. Piper Sandler set a $194.00 price objective on Nicolet Bankshares in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Nicolet Bankshares from a “buy (a)” rating to a “buy (a+)” rating in a research note on Thursday. Raymond James Financial assumed coverage on Nicolet Bankshares in a report on Tuesday, June 23rd. They set a “market perform” rating on the stock. 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 research report on Thursday, July 23rd. Finally, Zacks Research upgraded Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd.

Nicolet Bankshares Price Performance

Nicolet Bankshares stock opened at $162.95 on Friday. Nicolet Bankshares has a 52-week low of $114.11 and a 52-week high of $180.00. The firm has a fifty day moving average of $170.15 and a 200-day moving average of $158.60. The firm has a market capitalization of $3.42 billion, a P/E ratio of 18.50 and a beta of 0.64. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, July 21st. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.14. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. The business had revenue of $177.75 million for the quarter, compared to analyst estimates of $171.93 million. As a group, analysts predict that Nicolet Bankshares will post 12.21 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 1st. Nicolet Bankshares’s payout ratio is presently 16.35%.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Atwell sold 2,662 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $170.24, for a total value of $453,178.88. Following the transaction, the director owned 34,483 shares in the company, valued at $5,870,385.92. The trade was a 7.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Eric Witczak sold 1,215 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $167.89, for a total transaction of $203,986.35. Following the completion of the transaction, the executive vice president owned 33,630 shares in the company, valued at $5,646,140.70. This represents a 3.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,219 shares of company stock valued at $715,976 over the last 90 days. Insiders own 7.20% of the company’s stock.

Institutional Trading of Nicolet Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp grew its stake in Nicolet Bankshares by 65.1% during the 2nd quarter. State Street Corp now owns 1,174,560 shares of the company’s stock valued at $194,244,000 after purchasing an additional 463,199 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Nicolet Bankshares during the 2nd quarter valued at approximately $607,000. Squarepoint Ops LLC boosted its stake in shares of Nicolet Bankshares by 0.7% during the 2nd quarter. Squarepoint Ops LLC now owns 16,960 shares of the company’s stock valued at $2,805,000 after buying an additional 119 shares during the last quarter. Nykredit A S acquired a new stake in shares of Nicolet Bankshares during the second quarter worth approximately $143,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Nicolet Bankshares during the second quarter worth approximately $215,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

About Nicolet Bankshares

Nicolet Bankshares, Inc is the bank holding company for Nicolet National Bank, a community-focused financial institution headquartered in Green Bay, Wisconsin. Founded in 2000, Nicolet National Bank serves businesses, individuals, families and communities through a network of locations primarily in Wisconsin and portions of Michigan.

The bank provides commercial and small-business banking services, including business checking and savings accounts, commercial loans, lines of credit, equipment financing, treasury management and cash-management solutions.