Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $118.59 and last traded at $118.57, with a volume of 10044 shares. The stock had previously closed at $117.15.
Analyst Ratings Changes
A number of equities analysts recently weighed in on NIC shares. Maxim Group lifted their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Piper Sandler raised their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a "market perform" rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $119.00.
Get Our Latest Stock Analysis on NIC
Nicolet Bankshares Price Performance
The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.76 and a beta of 0.77. The business's fifty day moving average price is $109.30 and its 200-day moving average price is $103.12. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, research analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.
Nicolet Bankshares Announces Dividend
The firm 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 0.95%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares's dividend payout ratio is currently 13.95%.
Insider Activity at Nicolet Bankshares
In related news, EVP Brad Vincent Hutjens sold 5,838 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $113.58, for a total transaction of $663,080.04. Following the transaction, the executive vice president now directly owns 29,593 shares of the company's stock, valued at $3,361,172.94. This trade represents a 16.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Bruce Atwell sold 3,975 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the transaction, the director now directly owns 30,317 shares in the company, valued at $3,579,831.36. The trade was a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,479 shares of company stock valued at $3,691,306 over the last ninety days. Corporate insiders own 16.40% of the company's stock.
Institutional Trading of Nicolet Bankshares
Hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its position in Nicolet Bankshares by 748.7% in the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after acquiring an additional 292 shares during the period. New York State Teachers Retirement System bought a new stake in Nicolet Bankshares in the fourth quarter worth about $128,000. Ameritas Investment Partners Inc. raised its position in Nicolet Bankshares by 11.0% in the fourth quarter. Ameritas Investment Partners Inc. now owns 1,410 shares of the company's stock worth $148,000 after acquiring an additional 140 shares during the period. Quantbot Technologies LP bought a new stake in Nicolet Bankshares in the third quarter worth about $155,000. Finally, Franklin Resources Inc. bought a new stake in Nicolet Bankshares in the fourth quarter worth about $211,000. Institutional investors own 43.06% of the company's stock.
Nicolet Bankshares Company Profile
(
Get Free Report)
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.
Read More
Before you consider Nicolet Bankshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nicolet Bankshares wasn't on the list.
While Nicolet Bankshares currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
