Nicolet Bankshares (NYSE:NIC) PT Raised to $110.00

Nicolet Bankshares (NYSE:NIC) had its price objective boosted by Stephens from $90.00 to $110.00 in a research report released on Thursday, Benzinga reports. Stephens currently has an equal weight rating on the stock.

A number of other equities research analysts also recently issued reports on NIC. Keefe, Bruyette & Woods upped their price objective on Nicolet Bankshares from $85.00 to $86.00 and gave the company a market perform rating in a research report on Thursday, April 18th. Piper Sandler increased their price target on Nicolet Bankshares from $86.00 to $104.00 and gave the company a neutral rating in a report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $100.00.

Nicolet Bankshares Stock Down 1.0 %

Shares of NYSE NIC opened at $97.32 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. Nicolet Bankshares has a 12-month low of $63.58 and a 12-month high of $102.67. The firm’s 50-day moving average price is $82.01 and its 200-day moving average price is $80.68. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.00 and a beta of 0.77.

Nicolet Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, June 3rd. This is a positive change from Nicolet Bankshares’s previous quarterly dividend of $0.25. Nicolet Bankshares’s payout ratio is 17.26%.

Insider Activity

In related news, Director Susan L. Merkatoris sold 522 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $79.00, for a total transaction of $41,238.00. Following the completion of the transaction, the director now owns 91,702 shares in the company, valued at approximately $7,244,458. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Susan L. Merkatoris sold 522 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $79.00, for a total value of $41,238.00. Following the transaction, the director now owns 91,702 shares of the company’s stock, valued at approximately $7,244,458. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Merkatoris sold 1,000 shares of Nicolet Bankshares stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $76.70, for a total transaction of $76,700.00. Following the sale, the director now owns 88,218 shares of the company’s stock, valued at approximately $6,766,320.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,528 shares of company stock valued at $118,412. 16.40% of the stock is currently owned by insiders.

Institutional Trading of Nicolet Bankshares

Large investors have recently modified their holdings of the company. Janus Henderson Group PLC raised its position in Nicolet Bankshares by 2,480.2% during the 1st quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock valued at $14,094,000 after purchasing an additional 157,566 shares in the last quarter. Mendon Capital Advisors Corp purchased a new position in shares of Nicolet Bankshares during the fourth quarter valued at $2,012,000. Dimensional Fund Advisors LP raised its holdings in shares of Nicolet Bankshares by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 542,091 shares of the company’s stock valued at $43,629,000 after acquiring an additional 20,299 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in Nicolet Bankshares in the first quarter worth about $1,041,000. Finally, Vanguard Group Inc. lifted its stake in Nicolet Bankshares by 1.2% in the first quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock worth $60,704,000 after acquiring an additional 8,213 shares during the period. Hedge funds and other 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.