Nicolet Bankshares, Inc. (NYSE:NIC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) have earned an average rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $112.00.

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday. Maxim Group raised their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 17th.

Insider Activity at Nicolet Bankshares

In other news, EVP Brad Vincent Hutjens sold 4,560 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $102.85, for a total value of $468,996.00. Following the sale, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $2,743,420.90. This represents a 14.60 % 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 2,500 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $101.01, for a total value of $252,525.00. Following the transaction, the director now owns 33,315 shares of the company’s stock, valued at approximately $3,365,148.15. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,953 shares of company stock worth $7,755,730. Company insiders own 16.40% of the company’s stock.

Institutional Trading of Nicolet Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in Nicolet Bankshares by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,262 shares of the company’s stock worth $883,000 after acquiring an additional 469 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Nicolet Bankshares by 0.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock worth $3,783,000 after purchasing an additional 192 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Nicolet Bankshares by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock worth $5,479,000 after purchasing an additional 4,007 shares during the period. Principal Financial Group Inc. raised its position in Nicolet Bankshares by 9.9% during the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after purchasing an additional 555 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of Nicolet Bankshares in the 2nd quarter worth $67,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Stock Performance

NIC opened at $111.49 on Friday. 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 stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.18 and a beta of 0.76. The company has a fifty day moving average of $104.30 and a 200 day moving average of $94.25. Nicolet Bankshares has a fifty-two week low of $73.00 and a fifty-two week high of $116.17.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The firm had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. As a group, sell-side analysts forecast that Nicolet Bankshares will post 7.74 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is 14.25%.

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.