Nicolet Bankshares (NYSE:NIC) Price Target Increased to $86.00 by Analysts at Keefe, Bruyette & Woods

Nicolet Bankshares (NYSE:NICFree Report) had its price objective upped by Keefe, Bruyette & Woods from $85.00 to $86.00 in a research report report published on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other analysts have also issued reports on NIC. Stephens reissued an equal weight rating and issued a $92.00 target price on shares of Nicolet Bankshares in a research report on Wednesday, April 17th. Piper Sandler cut their target price on Nicolet Bankshares from $88.00 to $82.50 and set a neutral rating on the stock in a research report on Wednesday, April 17th. Hovde Group raised Nicolet Bankshares from a market perform rating to an outperform rating in a research report on Monday, March 4th. Finally, TheStreet upgraded shares of Nicolet Bankshares from a c+ rating to a b rating in a research note on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $87.88.

Check Out Our Latest Stock Report on NIC

Nicolet Bankshares Stock Up 3.8 %

NIC stock opened at $79.90 on Thursday. The firm has a market cap of $1.19 billion, a PE ratio of 12.31 and a beta of 0.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50 day moving average price is $80.62 and its 200-day moving average price is $77.86. Nicolet Bankshares has a one year low of $51.76 and a one year high of $86.86.

Nicolet Bankshares Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Robert Bruce Atwell sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $81.93, for a total transaction of $163,860.00. Following the completion of the transaction, the director now owns 42,889 shares in the company, valued at $3,513,895.77. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 16.40% of the company’s stock.

Hedge Funds Weigh In On Nicolet Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp grew its stake in shares of Nicolet Bankshares by 0.9% during the third quarter. Stifel Financial Corp now owns 15,888 shares of the company’s stock worth $1,109,000 after purchasing an additional 141 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of 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 purchasing an additional 201 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Nicolet Bankshares by 1.9% during the fourth quarter. Legal & General Group Plc now owns 12,680 shares of the company’s stock worth $1,019,000 after purchasing an additional 237 shares in the last quarter. Merit Financial Group LLC lifted its position in Nicolet Bankshares by 8.0% in the fourth quarter. Merit Financial Group LLC now owns 3,331 shares of the company’s stock valued at $268,000 after acquiring an additional 246 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Nicolet Bankshares by 1.8% in the third quarter. PNC Financial Services Group Inc. now owns 14,250 shares of the company’s stock valued at $994,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

About Nicolet Bankshares

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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.

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