Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $34,578.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 300 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $115.26, for a total value of $34,578.00. Following the completion of the transaction, the director now directly owns 81,918 shares in the company, valued at approximately $9,441,868.68. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Nicolet Bankshares Stock Up 0.6 %

Shares of NYSE NIC opened at $110.45 on Thursday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 13.75 and a beta of 0.76. Nicolet Bankshares, Inc. has a 52 week low of $75.24 and a 52 week high of $121.52. The firm has a 50-day moving average price of $112.32 and a 200 day moving average price of $106.33. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Equities research analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Monday, March 10th. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.95%.

Analysts Set New Price Targets

Several brokerages have issued reports on NIC. Keefe, Bruyette & Woods boosted their price objective on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 23rd. Piper Sandler increased their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Maxim Group boosted their target price on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd.

Institutional Investors Weigh In On Nicolet Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC raised its position in Nicolet Bankshares by 748.7% during the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock worth $35,000 after acquiring an additional 292 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $61,000. New York State Teachers Retirement System acquired a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $128,000. Summit Investment Advisors Inc. lifted its stake in Nicolet Bankshares by 11.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company’s stock valued at $148,000 after buying an additional 140 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Nicolet Bankshares during the 3rd quarter valued at $155,000. 43.06% of the stock is currently 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.