Nicolet Bankshares (NYSE:NIC) Price Target Raised to $110.00 at Stephens

Nicolet Bankshares (NYSE:NIC) had its target price boosted by investment analysts at Stephens from $90.00 to $110.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens’ target price indicates a potential upside of 9.12% from the company’s previous close.

NIC has been the topic of several other research reports. Piper Sandler increased their target price on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday. Keefe, Bruyette & Woods increased their target price on shares of Nicolet Bankshares from $85.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Three 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 stock has a consensus rating of “Hold” and a consensus price target of $98.75.

Nicolet Bankshares Stock Performance

Nicolet Bankshares stock opened at $100.81 on Thursday. The firm’s fifty day moving average price is $81.37 and its 200-day moving average price is $80.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a market cap of $1.51 billion, a P/E ratio of 15.53 and a beta of 0.77. Nicolet Bankshares has a fifty-two week low of $63.58 and a fifty-two week high of $101.65.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, April 16th. The company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.02). Nicolet Bankshares had a net margin of 21.13% and a return on equity of 10.37%. The company had revenue of $82.73 million for the quarter, compared to analysts’ expectations of $81.40 million. On average, equities research analysts expect that Nicolet Bankshares will post 6.85 earnings per share for the current fiscal year.

Insider Activity at Nicolet Bankshares

In related news, Director Susan L. Merkatoris sold 522 shares of Nicolet Bankshares stock in a transaction dated Wednesday, June 5th. The shares were 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 directly owns 91,702 shares of the company’s stock, valued at approximately $7,244,458. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Susan L. Merkatoris sold 522 shares of Nicolet Bankshares stock in a transaction dated Wednesday, June 5th. The shares were 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 directly owns 91,702 shares of the company’s stock, valued at approximately $7,244,458. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Merkatoris sold 1,000 shares of Nicolet Bankshares stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $76.70, for a total transaction of $76,700.00. Following the completion of the transaction, the director now directly owns 88,218 shares of the company’s stock, valued at $6,766,320.60. The disclosure for this sale can be found here. Insiders sold a total of 1,528 shares of company stock valued at $118,412 in the last three months. Company insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC raised its holdings in shares of Nicolet Bankshares by 97.3% during the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after purchasing an additional 543 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Nicolet Bankshares during the first quarter valued at approximately $201,000. ProShare Advisors LLC purchased a new position in shares of Nicolet Bankshares during the first quarter valued at approximately $203,000. SG Americas Securities LLC purchased a new position in shares of Nicolet Bankshares during the fourth quarter valued at approximately $238,000. Finally, Merit Financial Group LLC grew its position in Nicolet Bankshares by 8.0% during the fourth quarter. Merit Financial Group LLC now owns 3,331 shares of the company’s stock valued at $268,000 after buying an additional 246 shares during the period. 43.06% of the stock is owned by hedge funds and other institutional investors.

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.