Stephens Reaffirms “Equal Weight” Rating for Nicolet Bankshares (NYSE:NIC)

Stephens restated their equal weight rating on shares of Nicolet Bankshares (NYSE:NIC) in a research note released on Wednesday morning, Benzinga reports. Stephens currently has a $92.00 price objective on the stock.

NIC has been the subject of several other research reports. Keefe, Bruyette & Woods raised their target price on shares of Nicolet Bankshares from $84.00 to $85.00 and gave the stock a market perform rating in a report on Thursday, January 18th. TheStreet raised shares of Nicolet Bankshares from a c+ rating to a b rating in a report on Wednesday, January 17th. Hovde Group raised shares of Nicolet Bankshares from a market perform rating to an outperform rating in a report on Monday, March 4th. Finally, Piper Sandler reissued a neutral rating and set a $84.00 target price on shares of Nicolet Bankshares in a report on Wednesday, January 10th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $87.88.

Nicolet Bankshares Trading Up 3.8 %

NYSE NIC opened at $79.90 on Wednesday. The company has a fifty day simple moving average of $80.62 and a two-hundred day simple moving average of $77.74. The stock has a market cap of $1.19 billion, a P/E ratio of 12.31 and a beta of 0.74. Nicolet Bankshares has a 12-month low of $51.76 and a 12-month high of $86.86. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16.

Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. Nicolet Bankshares’s payout ratio is 15.41%.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, EVP Eric James Witczak sold 2,053 shares of Nicolet Bankshares stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $82.45, for a total value of $169,269.85. Following the completion of the transaction, the executive vice president now owns 41,427 shares of the company’s stock, valued at $3,415,656.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert Bruce Atwell sold 2,000 shares of Nicolet Bankshares stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $81.93, for a total value of $163,860.00. Following the sale, the director now owns 42,889 shares in the company, valued at $3,513,895.77. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric James Witczak sold 2,053 shares of Nicolet Bankshares stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $82.45, for a total transaction of $169,269.85. Following the completion of the sale, the executive vice president now owns 41,427 shares in the company, valued at approximately $3,415,656.15. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

Institutional Trading of Nicolet Bankshares

Several institutional investors have recently modified their holdings of NIC. Wells Fargo & Company MN acquired a new stake in shares of Nicolet Bankshares in the fourth quarter valued at about $35,000. Citigroup Inc. acquired a new position in Nicolet Bankshares during the fourth quarter worth about $35,000. Metropolitan Life Insurance Co NY acquired a new position in Nicolet Bankshares during the fourth quarter worth about $58,000. Tower Research Capital LLC TRC boosted its position in Nicolet Bankshares by 92.8% during the second quarter. Tower Research Capital LLC TRC now owns 912 shares of the company’s stock worth $62,000 after acquiring an additional 439 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Nicolet Bankshares by 14.7% during the fourth quarter. Harbour Investments Inc. now owns 1,569 shares of the company’s stock worth $126,000 after acquiring an additional 201 shares during the last quarter. 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.