Nicolet Bankshares (NYSE:NIC - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.21, Zacks reports. Nicolet Bankshares had a return on equity of 11.53% and a net margin of 25.12%. The firm had revenue of $95.74 million for the quarter, compared to the consensus estimate of $72.89 million.
Nicolet Bankshares Trading Down 0.1%
Shares of NIC stock traded down $0.18 on Friday, hitting $140.23. The stock had a trading volume of 35,509 shares, compared to its average volume of 62,840. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $2.11 billion, a P/E ratio of 16.09 and a beta of 0.76. Nicolet Bankshares has a 1 year low of $85.68 and a 1 year high of $141.92. The company's 50 day moving average price is $123.55 and its 200-day moving average price is $115.80.
Nicolet Bankshares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Monday, June 2nd. This is an increase from Nicolet Bankshares's previous quarterly dividend of $0.28. Nicolet Bankshares's payout ratio is currently 14.70%.
Insider Buying and Selling at Nicolet Bankshares
In related news, Director Susan L. Merkatoris sold 3,700 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $108.58, for a total value of $401,746.00. Following the sale, the director owned 78,218 shares in the company, valued at approximately $8,492,910.44. The trade was a 4.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Bruce Atwell sold 3,126 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $118.30, for a total value of $369,805.80. Following the completion of the sale, the director owned 34,220 shares in the company, valued at $4,048,226. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,226 shares of company stock worth $1,884,826 in the last quarter. Company insiders own 16.40% of the company's stock.
Institutional Investors Weigh In On Nicolet Bankshares
Institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Nicolet Bankshares by 6.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,134 shares of the company's stock worth $886,000 after purchasing an additional 517 shares during the period. AQR Capital Management LLC increased its holdings in Nicolet Bankshares by 15.2% during the 1st quarter. AQR Capital Management LLC now owns 11,819 shares of the company's stock worth $1,288,000 after purchasing an additional 1,557 shares during the period. Royal Bank of Canada increased its holdings in Nicolet Bankshares by 150.8% during the 1st quarter. Royal Bank of Canada now owns 13,987 shares of the company's stock worth $1,524,000 after purchasing an additional 8,410 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Nicolet Bankshares by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,778 shares of the company's stock worth $3,245,000 after purchasing an additional 1,922 shares during the period. Hedge funds and other institutional investors own 43.06% of the company's stock.
Wall Street Analyst Weigh In
NIC has been the topic of a number of research analyst reports. Piper Sandler restated a "neutral" rating and issued a $140.00 target price (up previously from $122.50) on shares of Nicolet Bankshares in a research report on Wednesday. Keefe, Bruyette & Woods lifted their target price on Nicolet Bankshares from $118.00 to $135.00 and gave the company a "market perform" rating in a research report on Thursday. Finally, Maxim Group lifted their target price on Nicolet Bankshares from $131.00 to $161.00 and gave the company a "buy" rating in a research report on Thursday.
View Our Latest Report on Nicolet Bankshares
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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