Shares of Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $125.19 and last traded at $125.17, with a volume of 19264 shares. The stock had previously closed at $122.13.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on NIC shares. Piper Sandler decreased their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods raised their price target on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research note on Thursday, April 17th.
View Our Latest Analysis on NIC
Nicolet Bankshares Stock Performance
The company's 50 day moving average price is $114.59 and its 200-day moving average price is $112.55. 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 company has a market cap of $1.88 billion, a PE ratio of 15.50 and a beta of 0.76.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.96 by $0.14. The company had revenue of $89.43 million during the quarter, compared to the consensus estimate of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Equities research analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.
Nicolet Bankshares Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase from Nicolet Bankshares's previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.03%. Nicolet Bankshares's dividend payout ratio (DPR) is 15.44%.
Insider Buying and Selling
In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 3,700 shares of the firm's 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 now directly owns 78,218 shares of the company's stock, valued at $8,492,910.44. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Bruce Atwell sold 6,192 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $115.85, for a total transaction of $717,343.20. Following the completion of the transaction, the director now directly owns 33,816 shares of the company's stock, valued at approximately $3,917,583.60. The trade was a 15.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,192 shares of company stock valued at $1,153,667. Company insiders own 16.40% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in Nicolet Bankshares by 170.7% in the 3rd quarter. Barclays PLC now owns 23,978 shares of the company's stock valued at $2,291,000 after purchasing an additional 15,121 shares during the period. Deutsche Bank AG lifted its holdings in shares of Nicolet Bankshares by 51.0% during the 4th quarter. Deutsche Bank AG now owns 11,506 shares of the company's stock worth $1,207,000 after acquiring an additional 3,888 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Nicolet Bankshares during the 4th quarter worth $629,000. Jackson Creek Investment Advisors LLC bought a new stake in shares of Nicolet Bankshares during the 4th quarter worth $1,586,000. Finally, American Century Companies Inc. lifted its holdings in shares of Nicolet Bankshares by 10.4% during the 4th quarter. American Century Companies Inc. now owns 31,576 shares of the company's stock worth $3,313,000 after acquiring an additional 2,984 shares during the last quarter. 43.06% of the stock is owned by institutional investors.
About Nicolet Bankshares
(
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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