Nicolet Bankshares Inc. (NYSE:NIC) Receives $155.33 Consensus Price Target from Analysts

Shares of Nicolet Bankshares Inc. (NYSE:NIC) have been given a consensus rating of “Buy” by the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $155.3333.

Several brokerages have recently weighed in on NIC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nicolet Bankshares in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price objective on shares of Nicolet Bankshares from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Finally, Zacks Research raised shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th.

Nicolet Bankshares Price Performance

NYSE:NIC opened at $124.13 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. Nicolet Bankshares has a 52 week low of $97.90 and a 52 week high of $141.92. The stock’s 50-day moving average price is $124.77 and its 200-day moving average price is $129.00. The stock has a market capitalization of $1.84 billion, a PE ratio of 13.29 and a beta of 0.78.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Thursday, October 23rd. The company reported $2.66 earnings per share for the quarter, topping 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 company had revenue of $102.88 million during the quarter, compared to analysts’ expectations of $76.83 million. As a group, equities analysts expect that Nicolet Bankshares will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.0%. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 13.70%.

Insider Activity at Nicolet Bankshares

In other news, CFO Hubert Phillip Moore, Jr. purchased 240 shares of the stock in a transaction dated Thursday, October 30th. The shares were purchased at an average cost of $115.84 per share, with a total value of $27,801.60. Following the completion of the purchase, the chief financial officer directly owned 32,947 shares of the company’s stock, valued at approximately $3,816,580.48. The trade was a 0.73% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert J. Weyers acquired 3,000 shares of Nicolet Bankshares stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $115.73 per share, with a total value of $347,190.00. Following the completion of the purchase, the director owned 26,250 shares in the company, valued at $3,037,912.50. The trade was a 12.90% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 3,370 shares of company stock valued at $390,760. 14.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nicolet Bankshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its position in shares of Nicolet Bankshares by 4.1% in the third quarter. First Trust Advisors LP now owns 540,486 shares of the company’s stock valued at $72,695,000 after buying an additional 21,473 shares during the last quarter. Boston Partners boosted its position in Nicolet Bankshares by 40.6% during the third quarter. Boston Partners now owns 199,396 shares of the company’s stock worth $26,789,000 after acquiring an additional 57,536 shares during the last quarter. American Century Companies Inc. grew its stake in Nicolet Bankshares by 485.7% during the 2nd quarter. American Century Companies Inc. now owns 184,281 shares of the company’s stock valued at $22,755,000 after acquiring an additional 152,817 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Nicolet Bankshares by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,004 shares of the company’s stock valued at $7,409,000 after acquiring an additional 1,940 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Nicolet Bankshares by 71.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 49,468 shares of the company’s stock worth $6,653,000 after purchasing an additional 20,640 shares in the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

About Nicolet Bankshares

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.