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

Nicolet Bankshares, Inc. (NYSE:NIC) has received an average recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Three investment 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 brokers that have issued ratings on the stock in the last year is $112.00.

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

Insider Activity at Nicolet Bankshares

In related news, EVP Brad Vincent Hutjens sold 1,079 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $102.85, for a total value of $110,975.15. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $2,743,420.90. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $101.01, for a total value of $252,525.00. Following the completion of the sale, the director now owns 33,315 shares in the company, valued at $3,365,148.15. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,898 shares of company stock valued at $8,766,515. 16.40% of the stock is owned by company insiders.

Institutional Trading of Nicolet Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of NIC. Wealth Enhancement Advisory Services LLC increased its position in shares of Nicolet Bankshares by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock valued at $3,783,000 after acquiring an additional 192 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Nicolet Bankshares by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,262 shares of the company’s stock worth $883,000 after acquiring an additional 469 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Nicolet Bankshares by 9.9% during the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after acquiring an additional 555 shares during the period. Creative Planning grew its position in Nicolet Bankshares by 6.6% in the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock valued at $1,194,000 after acquiring an additional 777 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Nicolet Bankshares during the second quarter worth about $67,000. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Nicolet Bankshares Trading Up 0.1 %

NIC stock opened at $111.65 on Friday. Nicolet Bankshares has a 12-month low of $73.00 and a 12-month high of $116.17. The business’s 50-day moving average is $104.64 and its 200 day moving average is $94.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 14.20 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The firm had revenue of $91.24 million for the quarter, compared to analyst estimates of $86.50 million. On average, sell-side analysts anticipate that Nicolet Bankshares will post 7.61 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.28 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. Nicolet Bankshares’s payout ratio is 14.25%.

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.