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

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) have been assigned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $112.00.

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Maxim Group upped their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th.

Insider Activity

In other news, Director Robert Bruce Atwell sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was 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 directly owns 33,315 shares of the company’s stock, valued at approximately $3,365,148.15. This represents a 6.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brad Vincent Hutjens sold 4,560 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $102.85, for a total value of $468,996.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,507 shares of company stock worth $9,626,332. 16.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nicolet Bankshares

A number of hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in shares of Nicolet Bankshares during the second quarter worth approximately $67,000. Quantbot Technologies LP acquired a new stake in Nicolet Bankshares during the 3rd quarter valued at $155,000. Virtu Financial LLC bought a new position in Nicolet Bankshares in the 3rd quarter valued at $264,000. Quest Partners LLC boosted its stake in Nicolet Bankshares by 858.0% in the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock worth $279,000 after purchasing an additional 2,617 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Nicolet Bankshares by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after purchasing an additional 1,010 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Stock Performance

Shares of NIC opened at $104.20 on Tuesday. The company has a 50-day moving average of $108.87 and a two-hundred day moving average of $98.53. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 13.26 and a beta of 0.76. 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 has a one year low of $73.00 and a one year high of $116.17.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The firm had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. On average, equities research analysts expect that Nicolet Bankshares will post 7.61 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

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