Nicolet Bankshares, Inc. (NYSE:NIC) Given Average Rating of “Hold” by Analysts

Nicolet Bankshares, Inc. (NYSE:NIC) has received a consensus recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $112.00.

Several brokerages recently commented on NIC. Keefe, Bruyette & Woods lifted their target price on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Maxim Group lifted their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

Nicolet Bankshares Price Performance

Shares of NYSE:NIC opened at $104.96 on Tuesday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 13.35 and a beta of 0.76. The business has a 50-day moving average of $108.57 and a two-hundred day moving average of $97.76. Nicolet Bankshares has a fifty-two week low of $73.00 and a fifty-two week high of $116.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last announced its earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $86.50 million. On average, equities research analysts predict that Nicolet Bankshares will post 7.61 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.28 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 1.07%. Nicolet Bankshares’s dividend payout ratio is 14.25%.

Insider Transactions at Nicolet Bankshares

In other news, EVP Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $102.85, for a total transaction of $110,975.15. Following the sale, the executive vice president now owns 26,674 shares of the company’s stock, valued at approximately $2,743,420.90. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Bruce Atwell sold 2,500 shares of the company’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 completion of the transaction, the director now owns 33,315 shares of the company’s stock, valued at $3,365,148.15. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,507 shares of company stock worth $9,626,332. 16.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nicolet Bankshares

A number of hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC bought a new stake in Nicolet Bankshares in the second quarter valued at about $67,000. Quantbot Technologies LP acquired a new stake in Nicolet Bankshares during the third quarter valued at approximately $155,000. Virtu Financial LLC bought a new stake in shares of Nicolet Bankshares in the 3rd quarter valued at approximately $264,000. Quest Partners LLC raised its holdings in shares of Nicolet Bankshares by 858.0% in the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock worth $279,000 after buying an additional 2,617 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Nicolet Bankshares by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after buying an additional 1,010 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.