Nicolet Bankshares (NYSE:NIC) Sets New 12-Month High - Time to Buy?

Shares of Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $121.91 and last traded at $121.47, with a volume of 11992 shares changing hands. The stock had previously closed at $120.96.

Wall Street Analysts Forecast Growth

Several research firms have commented on NIC. Maxim Group increased their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price objective on Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a report on Thursday, April 17th. Finally, Piper Sandler reduced their target price on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th.

Nicolet Bankshares Price Performance

The company has a market capitalization of $1.81 billion, a P/E ratio of 14.98 and a beta of 0.76. The stock's fifty day simple moving average is $111.78 and its 200-day simple moving average is $110.86. 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 posted its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.14. The business had revenue of $89.43 million during the quarter, compared to analysts' expectations of $70.08 million. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. On average, equities analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.28 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 0.93%. Nicolet Bankshares's payout ratio is 13.51%.

Insider Activity at Nicolet Bankshares

In other news, Director Susan L. Merkatoris sold 3,700 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 78,218 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Bruce Atwell sold 3,975 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total value of $469,368.00. Following the completion of the transaction, the director now owns 30,317 shares of the company's stock, valued at $3,579,831.36. The trade was a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,269 shares of company stock worth $1,987,986 in the last ninety days. 16.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Nicolet Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of NIC. Barclays PLC boosted its position in shares of Nicolet Bankshares by 170.7% during the 3rd quarter. Barclays PLC now owns 23,978 shares of the company's stock valued at $2,291,000 after acquiring an additional 15,121 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Nicolet Bankshares by 111.7% during the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company's stock valued at $3,138,000 after purchasing an additional 17,314 shares in the last quarter. Verus Wealth Management LLC bought a new stake in shares of Nicolet Bankshares in the 4th quarter valued at approximately $551,000. Jackson Creek Investment Advisors LLC acquired a new position in shares of Nicolet Bankshares in the 4th quarter worth approximately $1,586,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $629,000. Institutional investors own 43.06% of the company's stock.

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.