Susan L. Merkatoris Sells 300 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Susan L. Merkatoris sold 300 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the sale, the director now directly owns 81,918 shares in the company, valued at approximately $9,441,868.68. This represents a 0.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nicolet Bankshares Trading Up 2.1 %

Shares of NIC traded up $2.32 on Friday, hitting $112.17. 54,482 shares of the stock traded hands, compared to its average volume of 52,424. 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 market capitalization of $1.71 billion, a P/E ratio of 13.97 and a beta of 0.76. The stock's 50 day moving average is $112.46 and its two-hundred day moving average is $106.36. Nicolet Bankshares, Inc. has a 1 year low of $75.24 and a 1 year high of $121.52.

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

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Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.00%. The ex-dividend date is Monday, March 10th. Nicolet Bankshares's dividend payout ratio (DPR) is 13.95%.

Hedge Funds Weigh In On Nicolet Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of NIC. Sterling Capital Management LLC increased its position in shares of 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 in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Nicolet Bankshares in the fourth quarter worth $61,000. New York State Teachers Retirement System acquired a new stake in shares of Nicolet Bankshares in the fourth quarter worth $128,000. Summit Investment Advisors Inc. increased its position in shares of Nicolet Bankshares by 11.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock worth $148,000 after acquiring an additional 140 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Nicolet Bankshares in the third quarter worth $155,000. Institutional investors and hedge funds own 43.06% of the company's stock.

Analyst Upgrades and Downgrades

NIC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective 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. Piper Sandler upped their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Finally, Maxim Group upped 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.

About Nicolet Bankshares

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.