Nicolet Bankshares (NYSE:NIC) Reaches New 52-Week High – What’s Next?

Nicolet Bankshares, Inc. (NYSE:NIC)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $115.00 and last traded at $115.00, with a volume of 3179 shares changing hands. The stock had previously closed at $114.24.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NIC shares. Stephens increased their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Maxim Group increased their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Piper Sandler lifted their price objective on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $106.00.

Nicolet Bankshares Stock Down 1.6 %

The business has a 50-day moving average of $98.90 and a 200 day moving average of $90.72. The company has a market capitalization of $1.70 billion, a PE ratio of 14.25 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.13. The business had revenue of $91.24 million for the quarter, compared to analysts’ expectations of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. Equities research analysts predict that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 annualized dividend and a yield of 1.00%. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 14.25%.

Insiders Place Their Bets

In other news, CEO Michael E. Daniels sold 8,003 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $98.98, for a total value of $792,136.94. Following the completion of the sale, the chief executive officer now directly owns 72,402 shares of the company’s stock, valued at $7,166,349.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Nicolet Bankshares news, CEO Michael E. Daniels sold 8,003 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $98.98, for a total transaction of $792,136.94. Following the transaction, the chief executive officer now owns 72,402 shares in the company, valued at $7,166,349.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brad Vincent Hutjens sold 4,500 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $110.90, for a total transaction of $499,050.00. Following the completion of the sale, the executive vice president now owns 26,674 shares of the company’s stock, valued at $2,958,146.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,156 shares of company stock valued at $6,632,508 in the last three months. Corporate insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NIC. Vanguard Group Inc. lifted its stake in shares of Nicolet Bankshares by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock worth $60,704,000 after acquiring an additional 8,213 shares during the last quarter. FMR LLC boosted its stake in shares of Nicolet Bankshares by 0.5% during the third quarter. FMR LLC now owns 589,766 shares of the company’s stock valued at $56,399,000 after purchasing an additional 2,654 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Nicolet Bankshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock valued at $48,783,000 after purchasing an additional 16,952 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Nicolet Bankshares by 2,480.2% in the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after purchasing an additional 157,566 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Nicolet Bankshares by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock worth $11,132,000 after buying an additional 3,650 shares during the period. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Company Profile

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.