Nicolet Bankshares Inc. (NYSE:NIC) Receives $163.67 Average Target Price from Analysts

Shares of Nicolet Bankshares Inc. (NYSE:NIC) have been given a consensus rating of “Buy” by the six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $170.25.

Several research firms have weighed in on NIC. Maxim Group raised their target price on Nicolet Bankshares from $161.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Nicolet Bankshares in a research note on Thursday, January 22nd. Hovde Group reaffirmed an “outperform” rating and set a $190.00 target price on shares of Nicolet Bankshares in a research report on Tuesday. Piper Sandler increased their price target on Nicolet Bankshares from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in Nicolet Bankshares by 3,940.0% during the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock worth $25,000 after acquiring an additional 197 shares during the period. Jones Financial Companies Lllp acquired a new stake in Nicolet Bankshares in the 3rd quarter worth $43,000. Parkside Financial Bank & Trust grew its position in Nicolet Bankshares by 45.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock worth $79,000 after purchasing an additional 183 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Nicolet Bankshares during the 3rd quarter worth about $80,000. Finally, IAG Wealth Partners LLC acquired a new position in shares of Nicolet Bankshares during the second quarter valued at about $126,000. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Nicolet Bankshares Trading Down 1.3%

Shares of NYSE NIC opened at $141.50 on Monday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 14.44 and a beta of 0.78. The business has a 50 day simple moving average of $128.88 and a 200 day simple moving average of $129.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares has a 52 week low of $97.90 and a 52 week high of $148.36.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, January 20th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.55 by $0.18. The company had revenue of $103.99 million during the quarter, compared to the consensus estimate of $79.67 million. Nicolet Bankshares had a net margin of 26.98% and a return on equity of 12.65%. On average, research analysts predict that Nicolet Bankshares will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Nicolet Bankshares’s dividend payout ratio is presently 13.06%.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.