Christopher Ghidorzi Buys 105 Shares of Nicolet Bankshares (NYSE:NIC) Stock

Nicolet Bankshares Inc. (NYSE:NIC) Director Christopher Ghidorzi acquired 105 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average cost of $121.52 per share, with a total value of $12,759.60. Following the transaction, the director owned 8,456 shares of the company’s stock, valued at approximately $1,027,573.12. The trade was a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Nicolet Bankshares Stock Down 0.9%

NIC stock opened at $123.25 on Friday. The company has a 50 day moving average price of $130.08 and a two-hundred day moving average price of $127.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $1.82 billion, a P/E ratio of 13.20 and a beta of 0.76. Nicolet Bankshares Inc. has a one year low of $97.90 and a one year high of $141.92.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.32. Nicolet Bankshares had a return on equity of 12.08% and a net margin of 26.39%.The business had revenue of $102.88 million during the quarter, compared to the consensus estimate of $76.83 million. As a group, sell-side analysts expect that Nicolet Bankshares Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.28 annualized dividend and a yield of 1.0%. Nicolet Bankshares’s dividend payout ratio is currently 13.70%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Piper Sandler restated a “neutral” rating and issued a $140.00 price objective (up from $122.50) on shares of Nicolet Bankshares in a report on Wednesday, July 16th. Weiss Ratings restated a “buy (b)” rating on shares of Nicolet Bankshares in a report on Wednesday, October 8th. Wall Street Zen raised shares of Nicolet Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods upgraded shares of Nicolet Bankshares from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research note on Monday, October 27th. Finally, Maxim Group increased their price objective on shares of Nicolet Bankshares from $131.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Nicolet Bankshares currently has an average rating of “Moderate Buy” and an average target price of $153.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its stake in Nicolet Bankshares by 50.6% during the 2nd quarter. First Trust Advisors LP now owns 519,013 shares of the company’s stock worth $64,088,000 after buying an additional 174,361 shares during the period. American Century Companies Inc. raised its position in shares of Nicolet Bankshares by 485.7% in the 2nd quarter. American Century Companies Inc. now owns 184,281 shares of the company’s stock valued at $22,755,000 after purchasing an additional 152,817 shares in the last quarter. Boston Partners purchased a new position in shares of Nicolet Bankshares during the 1st quarter valued at approximately $15,303,000. Nicolet Bankshares Inc. grew its position in shares of Nicolet Bankshares by 5.5% during the first quarter. Nicolet Bankshares Inc. now owns 888,335 shares of the company’s stock worth $96,793,000 after buying an additional 45,950 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Nicolet Bankshares during the first quarter worth approximately $3,754,000. 43.06% of the stock is owned by institutional investors and hedge funds.

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.