Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $34,578.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 300 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the transaction, the director now owns 81,918 shares of the company’s stock, valued at approximately $9,441,868.68. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Nicolet Bankshares Trading Up 2.1 %

Nicolet Bankshares stock opened at $112.17 on Friday. The firm has a 50 day simple moving average of $112.62 and a 200-day simple moving average of $106.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $1.71 billion, a PE ratio of 13.97 and a beta of 0.76. Nicolet Bankshares, Inc. has a 12-month low of $75.24 and a 12-month high of $121.52.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, equities research analysts expect that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Monday, March 10th. Nicolet Bankshares’s dividend payout ratio is presently 13.95%.

Institutional Trading of Nicolet Bankshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its stake in Nicolet Bankshares by 748.7% during the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock valued at $35,000 after purchasing an additional 292 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Nicolet Bankshares during the fourth quarter valued at approximately $61,000. New York State Teachers Retirement System acquired a new stake in Nicolet Bankshares during the fourth quarter valued at approximately $128,000. Summit Investment Advisors Inc. lifted its stake in Nicolet Bankshares by 11.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company’s stock valued at $148,000 after purchasing an additional 140 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Nicolet Bankshares during the third quarter valued at approximately $155,000. 43.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on NIC. Keefe, Bruyette & Woods upped their target price on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, January 23rd. Maxim Group upped their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler increased their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd.

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.