Piper Sandler Lowers Nicolet Bankshares (NYSE:NIC) Price Target to $118.00

Nicolet Bankshares (NYSE:NIC - Get Free Report) had its price objective cut by equities research analysts at Piper Sandler from $120.00 to $118.00 in a report issued on Wednesday, MarketBeat.com reports. The firm presently has a "neutral" rating on the stock. Piper Sandler's price target indicates a potential upside of 6.62% from the stock's previous close.

NIC has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised their price objective on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, January 23rd. Maxim Group increased their price target on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd.

Nicolet Bankshares Stock Up 3.0 %

NIC stock traded up $3.27 during trading on Wednesday, reaching $110.67. 63,927 shares of the company traded hands, compared to its average volume of 52,197. The business has a 50 day simple moving average of $111.91 and a 200 day simple moving average of $108.62. Nicolet Bankshares has a 12 month low of $76.01 and a 12 month high of $121.52. 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 company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.78 and a beta of 0.69.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its quarterly earnings data 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 net margin of 23.83% and a return on equity of 10.95%. The firm had revenue of $89.43 million for the quarter, compared to the consensus estimate of $70.08 million. On average, equities research analysts anticipate that Nicolet Bankshares will post 8.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 3,975 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 30,317 shares in the company, valued at approximately $3,579,831.36. This represents a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan L. Merkatoris sold 300 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the sale, the director now owns 81,918 shares in the company, valued at approximately $9,441,868.68. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,527 shares of company stock worth $996,674 in the last ninety days. 16.40% of the stock is owned by insiders.

Institutional Trading of Nicolet Bankshares

Several institutional investors have recently added to or reduced their stakes in NIC. Dimensional Fund Advisors LP boosted its position 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 worth $67,325,000 after buying an additional 21,819 shares during the period. State Street Corp increased its stake 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 purchasing an additional 13,772 shares during the period. Geode Capital Management LLC lifted its position in shares of Nicolet Bankshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company's stock worth $29,019,000 after purchasing an additional 4,911 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Nicolet Bankshares by 5.1% in the fourth quarter. Janus Henderson Group PLC now owns 180,218 shares of the company's stock valued at $18,907,000 after purchasing an additional 8,698 shares during the period. Finally, Northern Trust Corp increased its stake in Nicolet Bankshares by 1.2% during the 4th quarter. Northern Trust Corp now owns 134,755 shares of the company's stock worth $14,137,000 after buying an additional 1,607 shares during the period. Institutional investors and hedge funds 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.