Nicolet Bankshares, Inc. (NYSE:NIC) Receives Average Rating of “Hold” from Analysts

Nicolet Bankshares, Inc. (NYSE:NIC) has received a consensus rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $112.00.

A number of research firms recently weighed in on NIC. Maxim Group boosted their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods increased their price target on Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Nicolet Bankshares Stock Up 1.2 %

Shares of NIC opened at $104.20 on Tuesday. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.26 and a beta of 0.76. Nicolet Bankshares has a 52 week low of $73.00 and a 52 week high of $116.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The business’s fifty day moving average price is $108.87 and its two-hundred day moving average price is $98.53.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. The firm had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. On average, analysts predict that Nicolet Bankshares will post 7.61 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

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. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.07%. Nicolet Bankshares’s dividend payout ratio is 14.25%.

Insider Activity

In related news, Director Robert Bruce Atwell sold 2,908 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $103.22, for a total value of $300,163.76. Following the completion of the transaction, the director now directly owns 35,815 shares in the company, valued at approximately $3,696,824.30. The trade was a 7.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brad Vincent Hutjens sold 4,560 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $102.85, for a total value of $468,996.00. Following the sale, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at approximately $2,743,420.90. The trade was a 14.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,507 shares of company stock valued at $9,626,332 in the last quarter. Company insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On Nicolet Bankshares

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in shares of Nicolet Bankshares by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock valued at $5,479,000 after purchasing an additional 4,007 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Nicolet Bankshares by 9.9% in the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after acquiring an additional 555 shares in the last quarter. Rothschild Investment LLC acquired a new position in Nicolet Bankshares during the 2nd quarter worth approximately $67,000. Anchor Capital Advisors LLC grew its stake in shares of Nicolet Bankshares by 7.1% during the 2nd quarter. Anchor Capital Advisors LLC now owns 23,496 shares of the company’s stock worth $1,951,000 after acquiring an additional 1,560 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Nicolet Bankshares by 11.0% in the second quarter. American Century Companies Inc. now owns 24,804 shares of the company’s stock valued at $2,060,000 after purchasing an additional 2,468 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.