Nicolet Bankshares (NYSE:NIC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Nicolet Bankshares (NYSE:NIC) had its target price raised by equities research analysts at Keefe, Bruyette & Woods from $100.00 to $110.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential downside of 0.70% from the company’s previous close.

Separately, Maxim Group upped their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $112.00.

Nicolet Bankshares Trading Down 0.1 %

Shares of NIC traded down $0.16 during trading hours on Wednesday, hitting $110.78. 11,338 shares of the stock traded hands, compared to its average volume of 43,201. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares has a 1-year low of $73.00 and a 1-year high of $116.17. The firm has a market capitalization of $1.68 billion, a PE ratio of 14.09 and a beta of 0.76. The business has a fifty day moving average of $103.59 and a 200-day moving average of $94.01.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The business had revenue of $91.24 million for the quarter, compared to analyst estimates of $86.50 million. Analysts expect that Nicolet Bankshares will post 7.74 EPS for the current year.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 6,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $115.30, for a total value of $691,800.00. Following the completion of the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $3,075,512.20. This represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Bruce Atwell sold 14,171 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $103.00, for a total value of $1,459,613.00. Following the completion of the sale, the director now owns 33,315 shares of the company’s stock, valued at $3,431,445. This trade represents a 29.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,953 shares of company stock worth $7,755,730. 16.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Nicolet Bankshares

Several large investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Nicolet Bankshares in the third quarter worth about $264,000. Geode Capital Management LLC grew its holdings in shares of Nicolet Bankshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after buying an additional 4,911 shares in the last quarter. Barclays PLC grew its holdings in shares of Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after buying an additional 15,121 shares in the last quarter. State Street Corp grew its holdings in shares of Nicolet Bankshares by 3.7% during the third quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after buying an additional 13,772 shares in the last quarter. Finally, PDT Partners LLC bought a new position in shares of Nicolet Bankshares during the third quarter worth about $412,000. 43.06% of the stock is currently owned by institutional investors.

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.