Nicolet Bankshares (NYSE:NIC) PT Raised to $124.00 at Maxim Group

Nicolet Bankshares (NYSE:NIC) had its price objective upped by Maxim Group from $120.00 to $124.00 in a research note released on Thursday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also commented on NIC. Stephens upped their price target on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Piper Sandler upped their target price on Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $106.00.

Nicolet Bankshares Trading Down 2.9 %

NIC stock opened at $101.90 on Thursday. Nicolet Bankshares has a one year low of $63.58 and a one year high of $105.00. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 15.70 and a beta of 0.76. The company has a fifty day moving average price of $95.13 and a two-hundred day moving average price of $87.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is currently 17.26%.

Insider Transactions at Nicolet Bankshares

In related news, CEO Michael E. Daniels sold 8,003 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $98.98, for a total value of $792,136.94. Following the completion of the sale, the chief executive officer now directly owns 72,402 shares in the company, valued at approximately $7,166,349.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in Nicolet Bankshares during the second quarter worth about $67,000. EntryPoint Capital LLC increased its stake in Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after acquiring an additional 543 shares during the last quarter. Blair William & Co. IL bought a new position in Nicolet Bankshares in the first quarter valued at approximately $201,000. ProShare Advisors LLC acquired a new position in Nicolet Bankshares during the first quarter valued at approximately $203,000. Finally, SG Americas Securities LLC bought a new stake in Nicolet Bankshares during the third quarter worth $412,000. Institutional investors own 43.06% of the company’s stock.

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.