Nicolet Bankshares, Inc. (NYSE:NIC) Receives Consensus Rating of "Hold" from Analysts

Shares of Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) have received a consensus rating of "Hold" from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $112.00.

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

Insider Activity at Nicolet Bankshares

In other news, EVP Brad Vincent Hutjens sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $115.30, for a total transaction of $691,800.00. Following the sale, the executive vice president now owns 26,674 shares of the company's stock, valued at $3,075,512.20. This trade represents a 18.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $113.00, for a total transaction of $859,817.00. Following the transaction, the director now directly owns 32,831 shares of the company's stock, valued at approximately $3,709,903. This trade represents a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,507 shares of company stock worth $9,626,332 over the last three months. Company insiders own 16.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NIC. JPMorgan Chase & Co. grew its holdings in Nicolet Bankshares by 111.7% in the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company's stock valued at $3,138,000 after purchasing an additional 17,314 shares during the period. Dimensional Fund Advisors LP grew its stake in Nicolet Bankshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company's stock valued at $48,783,000 after acquiring an additional 16,952 shares during the period. Barclays PLC increased its holdings in Nicolet Bankshares by 170.7% in the 3rd quarter. Barclays PLC now owns 23,978 shares of the company's stock worth $2,291,000 after acquiring an additional 15,121 shares in the last quarter. State Street Corp raised its position in Nicolet Bankshares by 3.7% during the third quarter. State Street Corp now owns 381,755 shares of the company's stock worth $36,507,000 after acquiring an additional 13,772 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Nicolet Bankshares during the third quarter valued at $528,000. Institutional investors and hedge funds own 43.06% of the company's stock.

Nicolet Bankshares Stock Down 0.0 %

NYSE NIC traded down $0.05 during trading on Tuesday, hitting $104.91. The company's stock had a trading volume of 37,943 shares, compared to its average volume of 43,432. Nicolet Bankshares has a fifty-two week low of $73.00 and a fifty-two week high of $116.17. The company has a market cap of $1.60 billion, a PE ratio of 13.35 and a beta of 0.76. 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 business's 50 day simple moving average is $108.72 and its 200-day simple moving average is $98.14.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, beating the consensus estimate 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 net margin of 23.35% and a return on equity of 10.56%. On average, equities analysts anticipate that Nicolet Bankshares will post 7.61 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.07%. Nicolet Bankshares's payout ratio is currently 14.25%.

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.