Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $125.19 and last traded at $125.17, with a volume of 19264 shares changing hands. The stock had previously closed at $122.13.
Analyst Ratings Changes
NIC has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a research report on Thursday, April 17th. Piper Sandler lowered their target price on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th.
Read Our Latest Stock Report on Nicolet Bankshares
Nicolet Bankshares Stock Performance
The company has a market capitalization of $1.85 billion, a P/E ratio of 15.29 and a beta of 0.76. The business has a 50-day moving average of $114.81 and a 200-day moving average of $112.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 10.95% and a net margin of 23.83%. On average, sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.
Nicolet Bankshares Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.32 dividend. This is a positive change from Nicolet Bankshares's previous quarterly dividend of $0.28. The ex-dividend date is Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.04%. Nicolet Bankshares's dividend payout ratio (DPR) is presently 15.44%.
Insiders Place Their Bets
In other news, Director Susan L. Merkatoris sold 3,700 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $108.58, for a total transaction of $401,746.00. Following the transaction, the director now owns 78,218 shares in the company, valued at approximately $8,492,910.44. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 value of $717,343.20. Following the transaction, the director now owns 33,816 shares in the company, valued at approximately $3,917,583.60. This represents a 15.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,192 shares of company stock worth $1,153,667 over the last quarter. Company insiders own 16.40% of the company's stock.
Hedge Funds Weigh In On Nicolet Bankshares
Several institutional investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Nicolet Bankshares by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,778 shares of the company's stock valued at $3,245,000 after buying an additional 1,922 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Nicolet Bankshares by 6.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,134 shares of the company's stock valued at $886,000 after purchasing an additional 517 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Nicolet Bankshares in the first quarter valued at about $1,434,000. AQR Capital Management LLC lifted its position in shares of Nicolet Bankshares by 15.2% during the first quarter. AQR Capital Management LLC now owns 11,819 shares of the company's stock valued at $1,288,000 after buying an additional 1,557 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Nicolet Bankshares by 150.8% during the first quarter. Royal Bank of Canada now owns 13,987 shares of the company's stock valued at $1,524,000 after buying an additional 8,410 shares during the last quarter. Hedge funds and other institutional investors own 43.06% of the company's stock.
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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