Nicolet Bankshares, Inc. (NYSE:NIC) Given Average Recommendation of “Hold” by Brokerages

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) have received a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $112.00.

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

Nicolet Bankshares Trading Down 0.3 %

Shares of NIC opened at $103.85 on Tuesday. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 13.21 and a beta of 0.77. 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 has a 1-year low of $73.00 and a 1-year high of $116.17. The company has a 50-day moving average of $108.89 and a 200 day moving average of $98.85.

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

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.28 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.08%. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $101.01, for a total transaction of $252,525.00. Following the transaction, the director now directly owns 33,315 shares of the company’s stock, valued at approximately $3,365,148.15. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brad Vincent Hutjens sold 1,079 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at $2,743,420.90. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,507 shares of company stock valued at $9,626,332. 16.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nicolet Bankshares

Hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in Nicolet Bankshares in the 2nd quarter worth approximately $67,000. Quantbot Technologies LP acquired a new stake in shares of Nicolet Bankshares during the third quarter worth $155,000. Virtu Financial LLC purchased a new stake in shares of Nicolet Bankshares during the third quarter valued at $264,000. Quest Partners LLC grew its holdings in shares of Nicolet Bankshares by 858.0% during the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after buying an additional 2,617 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Nicolet Bankshares by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after acquiring an additional 1,010 shares during the period. 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.