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

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) have been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $112.00.

Several equities analysts have issued reports on the company. Maxim Group lifted their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Nicolet Bankshares Trading Up 0.3 %

Shares of Nicolet Bankshares stock opened at $104.96 on Tuesday. Nicolet Bankshares has a 12-month low of $73.00 and a 12-month high of $116.17. The stock has a market capitalization of $1.60 billion, a P/E ratio of 13.35 and a beta of 0.76. The company has a 50-day simple moving average of $108.57 and a 200 day simple moving average of $97.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last issued 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. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The firm had revenue of $91.24 million for the quarter, compared to analysts’ expectations of $86.50 million. Research analysts expect that Nicolet Bankshares will post 7.61 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.07%. Nicolet Bankshares’s payout ratio is 14.25%.

Insider Transactions at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 7,609 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $113.00, for a total transaction of $859,817.00. Following the completion of the sale, the director now directly owns 32,831 shares of the company’s stock, valued at $3,709,903. The trade was a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brad Vincent Hutjens sold 13,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $106.35, for a total transaction of $1,435,725.00. Following the completion of the transaction, the executive vice president now owns 26,674 shares in the company, valued at $2,836,779.90. This represents a 33.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,507 shares of company stock worth $9,626,332 over the last 90 days. 16.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NIC. Dimensional Fund Advisors LP increased its position in shares of Nicolet Bankshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock valued at $48,783,000 after buying an additional 16,952 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Nicolet Bankshares during the 3rd quarter worth approximately $528,000. Barclays PLC increased its position in shares of Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after acquiring an additional 15,121 shares in the last quarter. State Street Corp lifted its position in Nicolet Bankshares by 3.7% in the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after acquiring an additional 13,772 shares in the last quarter. Finally, Creative Planning increased its holdings in Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock worth $1,194,000 after purchasing an additional 777 shares in the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

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.