Nicolet Bankshares (NYSE:NIC) Sees Large Volume Increase

Nicolet Bankshares, Inc. (NYSE:NIC) saw strong trading volume on Thursday . 18,696 shares traded hands during trading, a decline of 51% from the previous session’s volume of 37,971 shares.The stock last traded at $84.99 and had previously closed at $85.00.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Nicolet Bankshares from $84.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday, January 18th. Hovde Group raised Nicolet Bankshares from a “market perform” rating to an “outperform” rating in a research report on Monday, March 4th. Stephens reaffirmed an “equal weight” rating and set a $90.00 price objective on shares of Nicolet Bankshares in a research report on Wednesday, January 17th. Piper Sandler reissued a “neutral” rating and issued a $84.00 target price on shares of Nicolet Bankshares in a report on Wednesday, January 10th. Finally, TheStreet raised Nicolet Bankshares from a “c+” rating to a “b” rating in a report on Wednesday, January 17th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $88.50.

Nicolet Bankshares Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.27 billion, a P/E ratio of 21.18 and a beta of 0.73. The firm has a 50 day moving average price of $80.17 and a 200 day moving average price of $76.54.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, January 16th. The company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.12. Nicolet Bankshares had a return on equity of 9.71% and a net margin of 14.69%. The firm had revenue of $89.20 million during the quarter, compared to analyst estimates of $78.30 million. On average, analysts forecast that Nicolet Bankshares, Inc. will post 6.93 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, March 7th. Nicolet Bankshares’s dividend payout ratio is currently 24.63%.

Insider Buying and Selling

In other Nicolet Bankshares news, EVP Eric James Witczak sold 2,053 shares of Nicolet Bankshares stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $82.45, for a total transaction of $169,269.85. Following the completion of the sale, the executive vice president now directly owns 41,427 shares of the company’s stock, valued at approximately $3,415,656.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Nicolet Bankshares news, EVP Eric James Witczak sold 2,053 shares of Nicolet Bankshares stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $82.45, for a total transaction of $169,269.85. Following the completion of the sale, the executive vice president now directly owns 41,427 shares of the company’s stock, valued at approximately $3,415,656.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert Bruce Atwell sold 2,000 shares of Nicolet Bankshares stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $81.93, for a total value of $163,860.00. Following the sale, the director now directly owns 42,889 shares of the company’s stock, valued at $3,513,895.77. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NIC. BlackRock Inc. grew its stake in Nicolet Bankshares by 3.3% during the 2nd quarter. BlackRock Inc. now owns 963,503 shares of the company’s stock worth $65,431,000 after buying an additional 31,229 shares during the last quarter. Vanguard Group Inc. grew its stake in Nicolet Bankshares by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 697,725 shares of the company’s stock valued at $56,153,000 after purchasing an additional 17,539 shares during the last quarter. FMR LLC grew its stake in Nicolet Bankshares by 54.2% during the 3rd quarter. FMR LLC now owns 556,958 shares of the company’s stock valued at $38,865,000 after purchasing an additional 195,707 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Nicolet Bankshares by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 542,091 shares of the company’s stock valued at $43,629,000 after purchasing an additional 20,299 shares during the last quarter. Finally, State Street Corp grew its stake in Nicolet Bankshares by 4.3% during the 2nd quarter. State Street Corp now owns 336,251 shares of the company’s stock valued at $22,835,000 after purchasing an additional 13,838 shares during the last quarter. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Company Profile

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.