Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $111,270.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $111.27, for a total transaction of $111,270.00. Following the transaction, the director now owns 82,218 shares of the company’s stock, valued at $9,148,396.86. This trade represents a 1.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Nicolet Bankshares Stock Up 1.1 %

Shares of NYSE:NIC opened at $111.76 on Friday. The firm has a market capitalization of $1.70 billion, a PE ratio of 13.92 and a beta of 0.77. The business has a 50 day simple moving average of $108.31 and a two-hundred day simple moving average of $101.77. Nicolet Bankshares, Inc. has a 1 year low of $73.00 and a 1 year high of $116.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last issued its 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%. On average, equities analysts predict that Nicolet Bankshares, Inc. will post 8.1 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares’s payout ratio is 13.95%.

Analysts Set New Price Targets

A number of research analysts recently commented on NIC shares. Maxim Group increased their price target on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Piper Sandler lifted their target price on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $119.00.

Institutional Trading of Nicolet Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new position in Nicolet Bankshares during the 4th quarter valued at about $128,000. Quantbot Technologies LP purchased a new position in Nicolet Bankshares during the third quarter valued at approximately $155,000. Virtu Financial LLC purchased a new stake in Nicolet Bankshares during the third quarter worth $264,000. Quest Partners LLC boosted its position in Nicolet Bankshares by 858.0% during the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after acquiring an additional 2,617 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Nicolet Bankshares by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after acquiring an additional 1,010 shares during the period. 43.06% of the stock is currently 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.