Nicolet Bankshares (NYSE:NIC - Get Free Report) had its target price raised by equities research analysts at Maxim Group from $131.00 to $161.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Maxim Group's price target points to a potential upside of 14.44% from the stock's previous close.
Several other equities research analysts have also issued reports on NIC. Keefe, Bruyette & Woods raised their price objective on Nicolet Bankshares from $118.00 to $135.00 and gave the company a "market perform" rating in a research note on Thursday. Piper Sandler reissued a "neutral" rating and set a $140.00 target price (up previously from $122.50) on shares of Nicolet Bankshares in a research report on Wednesday.
Check Out Our Latest Stock Analysis on NIC
Nicolet Bankshares Stock Performance
Shares of NYSE NIC traded up $4.66 during trading on Thursday, reaching $140.69. 96,444 shares of the company traded hands, compared to its average volume of 63,253. The stock has a market capitalization of $2.12 billion, a PE ratio of 16.20 and a beta of 0.76. Nicolet Bankshares has a 52-week low of $85.68 and a 52-week high of $141.79. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $123.16 and a 200-day simple moving average of $115.55.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.21. The business had revenue of $95.74 million during the quarter, compared to analyst estimates of $72.89 million. Nicolet Bankshares had a return on equity of 11.53% and a net margin of 25.12%. Equities research analysts anticipate that Nicolet Bankshares will post 8.18 earnings per share for the current year.
Insider Activity
In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 3,700 shares of Nicolet Bankshares stock in a transaction on Monday, April 21st. The shares were sold at an average price of $108.58, for a total value of $401,746.00. Following the completion of the transaction, the director owned 78,218 shares of the company's stock, valued at approximately $8,492,910.44. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Bruce Atwell sold 3,126 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $118.30, for a total transaction of $369,805.80. Following the completion of the sale, the director directly owned 34,220 shares of the company's stock, valued at $4,048,226. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,226 shares of company stock worth $1,884,826 over the last ninety days. 16.40% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of NIC. Sterling Capital Management LLC boosted its stake in shares of Nicolet Bankshares by 748.7% in the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock valued at $35,000 after buying an additional 292 shares during the period. Point72 Asset Management L.P. purchased a new position in Nicolet Bankshares in the fourth quarter valued at approximately $61,000. KBC Group NV acquired a new stake in Nicolet Bankshares during the first quarter worth approximately $95,000. Summit Investment Advisors Inc. lifted its position in shares of Nicolet Bankshares by 11.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock worth $148,000 after buying an additional 140 shares during the last quarter. Finally, Smith Group Asset Management LLC acquired a new position in shares of Nicolet Bankshares in the 1st quarter valued at $210,000. 43.06% of the stock is owned by institutional investors and hedge funds.
Nicolet Bankshares Company Profile
(
Get Free Report)
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.
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