Nicolet Bankshares (NYSE:NIC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Nicolet Bankshares (NYSE:NIC - Free Report) had its target price increased by Keefe, Bruyette & Woods from $115.00 to $118.00 in a report published on Thursday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other analysts have also recently issued research reports about the stock. Piper Sandler dropped their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research note on Wednesday. Maxim Group increased their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd.

Nicolet Bankshares Price Performance

NIC traded up $3.27 during trading on Thursday, reaching $110.67. The company's stock had a trading volume of 63,927 shares, compared to its average volume of 52,245. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $111.91 and a two-hundred day simple moving average of $108.74. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 13.78 and a beta of 0.69. Nicolet Bankshares has a 1 year low of $76.01 and a 1 year high of $121.52.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. The business had revenue of $89.43 million during the quarter, compared to the consensus estimate of $70.08 million. As a group, analysts anticipate that Nicolet Bankshares will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares's dividend payout ratio (DPR) is 13.95%.

Insider Buying and Selling

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

Institutional Trading of Nicolet Bankshares

A number of institutional investors have recently bought and sold shares of NIC. Dimensional Fund Advisors LP lifted its position in Nicolet Bankshares by 3.5% in 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. State Street Corp lifted its holdings in shares of Nicolet Bankshares by 3.7% in the 3rd quarter. State Street Corp now owns 381,755 shares of the company's stock valued at $36,507,000 after purchasing an additional 13,772 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Nicolet Bankshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company's stock valued at $29,019,000 after purchasing an additional 4,911 shares during the period. Janus Henderson Group PLC grew its stake in Nicolet Bankshares by 5.1% during the 4th quarter. Janus Henderson Group PLC now owns 180,218 shares of the company's stock worth $18,907,000 after buying an additional 8,698 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Nicolet Bankshares by 1.2% in the fourth quarter. Northern Trust Corp now owns 134,755 shares of the company's stock valued at $14,137,000 after buying an additional 1,607 shares during the last quarter. 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.