Nicolet Bankshares (NYSE:NIC) Sees Large Volume Increase - Here's Why

Shares of Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 68,480 shares changed hands during mid-day trading, an increase of 43% from the previous session's volume of 48,029 shares.The stock last traded at $113.42 and had previously closed at $110.95.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NIC. Maxim Group increased their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Piper Sandler increased 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 objective on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, January 23rd.

Nicolet Bankshares Price Performance

The firm has a market capitalization of $1.66 billion, a P/E ratio of 13.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50 day simple moving average of $114.32 and a two-hundred day simple moving average of $107.53.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping 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, sell-side analysts expect that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

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Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 1.02%. Nicolet Bankshares's dividend payout ratio (DPR) is presently 13.95%.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,975 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total value of $469,368.00. Following the completion of the sale, the director now directly owns 30,317 shares of the company's stock, valued at $3,579,831.36. The trade was a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan L. Merkatoris sold 1,000 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $111.27, for a total value of $111,270.00. Following the transaction, the director now directly owns 82,218 shares in the company, valued at $9,148,396.86. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,527 shares of company stock valued at $996,674. Corporate insiders own 16.40% of the company's stock.

Institutional Trading of Nicolet Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Nicolet Bankshares by 132.8% during the 4th quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company's stock valued at $8,014,000 after buying an additional 43,567 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Nicolet Bankshares in the fourth quarter valued at about $2,474,000. Dimensional Fund Advisors LP raised its stake in shares of Nicolet Bankshares by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company's stock valued at $67,325,000 after acquiring an additional 21,819 shares during the last quarter. Martingale Asset Management L P purchased a new stake in shares of Nicolet Bankshares during the fourth quarter worth about $1,898,000. Finally, Teacher Retirement System of Texas grew its stake in shares of Nicolet Bankshares by 284.8% in the fourth quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company's stock worth $2,312,000 after purchasing an additional 16,308 shares during the last quarter. Institutional investors own 43.06% of the company's stock.

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.