Nicolet Bankshares Inc. (NIC) – What Are Analysts Thinking About This Stock?

Nicolet Bankshares Inc. (NYSE:NIC) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have 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 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $184.80.

A number of brokerages have recently issued reports on NIC. Keefe, Bruyette & Woods upped their price objective on Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Stephens increased their price objective on Nicolet Bankshares from $185.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, October 23rd. Piper Sandler boosted their target price on Nicolet Bankshares from $194.00 to $196.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Finally, Weiss Ratings lowered Nicolet Bankshares from a “buy (a+)” rating to a “buy (a)” rating in a research report on Friday, October 23rd.

Insider Transactions at Nicolet Bankshares

In related news, Director Robert Atwell sold 3,556 shares of the business’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $171.22, for a total value of $608,858.32. Following the completion of the sale, the director owned 34,483 shares of the company’s stock, valued at approximately $5,904,179.26. The trade was a 9.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.20% of the company’s stock.

Hedge Funds Weigh In On Nicolet Bankshares

Hedge funds have recently bought and sold shares of the company. Provenance Wealth Advisors LLC acquired a new position in Nicolet Bankshares in the third quarter valued at $373,000. Associated Banc Corp acquired a new stake in Nicolet Bankshares in the third quarter worth $1,681,000. Choreo LLC increased its stake in Nicolet Bankshares by 1.0% during the 3rd quarter. Choreo LLC now owns 8,335 shares of the company’s stock valued at $1,359,000 after buying an additional 80 shares during the period. TOWER TRUST & INVESTMENT Co acquired a new position in Nicolet Bankshares in the third quarter worth approximately $88,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of Nicolet Bankshares by 58.0% in the third quarter. Sterling Capital Management LLC now owns 474 shares of the company’s stock valued at $77,000 after purchasing an additional 174 shares in the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Stock Performance

Shares of NIC opened at $171.50 on Wednesday. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 18.97 and a beta of 0.67. The business’s 50 day moving average is $167.90 and its two-hundred day moving average is $156.90. Nicolet Bankshares has a 52-week low of $114.44 and a 52-week high of $180.00. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, October 20th. The company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.08. Nicolet Bankshares had a return on equity of 11.27% and a net margin of 22.11%. The business had revenue of $174.43 million during the quarter, compared to analyst estimates of $173.64 million. Analysts forecast that Nicolet Bankshares will post 12.10 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.8%. Nicolet Bankshares’s dividend payout ratio is presently 15.93%.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Nicolet National Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Nicolet National Bank offers commercial and consumer lending, deposit accounts, residential and commercial real estate financing, treasury management and other business banking services. Its offerings also include wealth management, trust and investment services, mortgage banking and related financial solutions.

Founded in 2000, Nicolet has built a community-banking franchise serving customers primarily in Wisconsin and neighboring market areas.