Nicolet Bankshares (NYSE:NIC) Given New $115.00 Price Target at Keefe, Bruyette & Woods

Nicolet Bankshares (NYSE:NIC) had its price objective raised by Keefe, Bruyette & Woods from $110.00 to $115.00 in a research note released on Thursday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other equities research analysts also recently weighed in on NIC. Maxim Group raised their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Piper Sandler raised their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $119.00.

Nicolet Bankshares Stock Performance

NIC stock opened at $109.23 on Thursday. The firm has a 50 day simple moving average of $108.36 and a 200 day simple moving average of $100.79. Nicolet Bankshares has a 52 week low of $73.00 and a 52 week high of $116.17. The stock has a market cap of $1.66 billion, a P/E ratio of 13.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 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%. Research analysts anticipate that Nicolet Bankshares will post 7.82 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is 13.95%.

Insider Buying and Selling

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 13,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.35, for a total transaction of $1,435,725.00. Following the completion of the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $2,836,779.90. This represents a 33.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total value of $859,817.00. Following the completion of the transaction, the director now owns 32,831 shares in the company, valued at $3,709,903. The trade was a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,820 shares of company stock worth $8,942,298. 16.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Merit Financial Group LLC boosted its position in shares of Nicolet Bankshares by 1.7% in the fourth quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock valued at $3,624,000 after acquiring an additional 592 shares during the period. Creative Planning boosted its holdings 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 purchasing an additional 777 shares during the period. BNP Paribas Financial Markets grew its position in Nicolet Bankshares by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after purchasing an additional 1,010 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Nicolet Bankshares by 7.9% during the 3rd quarter. Fisher Asset Management LLC now owns 14,978 shares of the company’s stock worth $1,432,000 after purchasing an additional 1,092 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Nicolet Bankshares during the third quarter valued at about $155,000. 43.06% of the stock is owned by institutional investors.

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.