Nicolet Bankshares (NYSE:NIC) Price Target Increased to $124.00 by Analysts at Maxim Group

Nicolet Bankshares (NYSE:NIC) had its price objective lifted by Maxim Group from $120.00 to $124.00 in a research report report published on Thursday morning, MarketBeat.com reports. Maxim Group currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Piper Sandler raised their target price on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Stephens lifted their price objective 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Nicolet Bankshares currently has an average rating of “Hold” and a consensus target price of $106.00.

Nicolet Bankshares Stock Performance

Shares of NIC opened at $104.99 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.57 billion, a PE ratio of 16.18 and a beta of 0.76. The company’s 50 day simple moving average is $94.84 and its 200-day simple moving average is $87.49. Nicolet Bankshares has a 12-month low of $63.58 and a 12-month high of $105.00.

Nicolet Bankshares (NYSE:NIC) last announced its earnings results on Tuesday, July 16th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.18. The business had revenue of $85.43 million for the quarter, compared to analyst estimates of $81.40 million. Nicolet Bankshares had a net margin of 21.13% and a return on equity of 10.20%. As a group, equities analysts predict that Nicolet Bankshares will post 7.3 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a $0.28 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.07%. Nicolet Bankshares’s dividend payout ratio (DPR) is 17.26%.

Insiders Place Their Bets

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 10,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $99.00, for a total transaction of $990,000.00. Following the sale, the executive vice president now directly owns 26,642 shares in the company, valued at approximately $2,637,558. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 10,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $99.00, for a total transaction of $990,000.00. Following the sale, the executive vice president now directly owns 26,642 shares in the company, valued at approximately $2,637,558. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan L. Merkatoris sold 5,000 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $97.45, for a total transaction of $487,250.00. Following the sale, the director now owns 83,218 shares in the company, valued at $8,109,594.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,003 shares of company stock worth $2,269,387. Corporate insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Nicolet Bankshares by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after buying an additional 16,952 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Nicolet Bankshares by 2,480.2% during the 1st quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after buying an additional 157,566 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Nicolet Bankshares by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock worth $5,479,000 after buying an additional 4,007 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Nicolet Bankshares by 9.9% during the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock worth $512,000 after buying an additional 555 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Nicolet Bankshares by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock worth $3,783,000 after buying an additional 192 shares during 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.