Nicolet Bankshares (NYSE:NIC) Reaches New 1-Year High - Still a Buy?

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $120.30 and last traded at $120.28, with a volume of 1269 shares trading hands. The stock had previously closed at $119.87.

Analysts Set New Price Targets

Several brokerages have issued reports on NIC. Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, January 23rd. Maxim Group lifted their price target on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Piper Sandler raised their target price on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Nicolet Bankshares currently has an average rating of "Hold" and a consensus price target of $119.00.

Nicolet Bankshares Trading Up 0.1 %

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 50-day moving average price of $111.16 and a two-hundred day moving average price of $105.42. The stock has a market cap of $1.83 billion, a PE ratio of 14.94 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Sell-side analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Monday, March 10th. Nicolet Bankshares's payout ratio is 13.95%.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 7,609 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total transaction of $859,817.00. Following the sale, the director now directly owns 32,831 shares in the company, valued at $3,709,903. This represents a 18.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan L. Merkatoris sold 1,000 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $111.27, for a total value of $111,270.00. Following the completion of the transaction, the director now owns 82,218 shares of the company's stock, valued at approximately $9,148,396.86. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,781 shares of company stock worth $2,832,698 over the last 90 days. 16.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in shares of Nicolet Bankshares by 748.7% in the 4th 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 last quarter. Point72 Asset Management L.P. purchased a new stake in Nicolet Bankshares in the 4th quarter worth about $61,000. New York State Teachers Retirement System bought a new stake in Nicolet Bankshares in the fourth quarter worth about $128,000. Summit Investment Advisors Inc. boosted its position in shares of 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 buying an additional 140 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Nicolet Bankshares during the third quarter valued at approximately $155,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

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.