Nicolet Bankshares, Inc. (NYSE:NIC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) have received an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $106.00.

Several research analysts have recently commented on the company. Piper Sandler lifted their target price on Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Stephens boosted their price objective on Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, Maxim Group increased their target price on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

Nicolet Bankshares Trading Down 0.6 %

Nicolet Bankshares stock opened at $101.84 on Thursday. The stock has a 50-day simple moving average of $95.72 and a 200 day simple moving average of $87.99. The stock has a market capitalization of $1.52 billion, a P/E ratio of 15.69 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares has a 52 week low of $63.58 and a 52 week high of $105.00.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 17.26%.

Insiders Place Their Bets

In other news, Director Robert Bruce Atwell sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $101.01, for a total transaction of $252,525.00. Following the completion of the sale, the director now owns 33,315 shares of the company’s stock, valued at approximately $3,365,148.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Nicolet Bankshares news, CEO Michael E. Daniels sold 8,003 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $98.98, for a total transaction of $792,136.94. Following the sale, the chief executive officer now owns 72,402 shares of the company’s stock, valued at approximately $7,166,349.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Bruce Atwell sold 2,500 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $101.01, for a total value of $252,525.00. Following the completion of the transaction, the director now owns 33,315 shares of the company’s stock, valued at $3,365,148.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,411 shares of company stock worth $1,344,826 over the last ninety days. Corporate insiders own 16.40% of the company’s stock.

Hedge Funds Weigh In On Nicolet Bankshares

A number of institutional investors and hedge funds have recently bought and sold shares of NIC. Rothschild Investment LLC bought a new position in Nicolet Bankshares in the 2nd quarter valued at approximately $67,000. EntryPoint Capital LLC raised its stake in shares of Nicolet Bankshares by 97.3% during the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after acquiring an additional 543 shares during the last quarter. Blair William & Co. IL acquired a new position in shares of Nicolet Bankshares during the first quarter worth $201,000. ProShare Advisors LLC bought a new stake in shares of Nicolet Bankshares in the first quarter worth $203,000. Finally, SG Americas Securities LLC acquired a new stake in Nicolet Bankshares in the third quarter valued at $412,000. Institutional investors and hedge funds own 43.06% of the company’s stock.

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.