Nicolet Bankshares Inc. (NYSE:NIC - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 188,251 shares traded hands during trading, an increase of 205% from the previous session's volume of 61,715 shares.The stock last traded at $130.76 and had previously closed at $128.44.
Wall Street Analyst Weigh In
NIC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target 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 price target (up from $122.50) on shares of Nicolet Bankshares in a research note on Wednesday. Finally, Maxim Group lifted their price target on Nicolet Bankshares from $131.00 to $161.00 and gave the company a "buy" rating in a research note on Thursday.
Check Out Our Latest Research Report on NIC
Nicolet Bankshares Stock Performance
The stock has a 50 day moving average of $123.55 and a 200 day moving average of $115.80. 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 company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 16.15 and a beta of 0.76.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.21. Nicolet Bankshares had a return on equity of 11.53% and a net margin of 25.12%. The company had revenue of $95.74 million for the quarter, compared to analyst estimates of $72.89 million. As a group, analysts predict that Nicolet Bankshares Inc. will post 8.18 EPS for the current year.
Nicolet Bankshares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.32 per share. This is an increase from Nicolet Bankshares's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.91%. Nicolet Bankshares's payout ratio is currently 14.70%.
Insider Activity at Nicolet Bankshares
In related news, Director Robert Bruce Atwell sold 3,126 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $118.30, for a total transaction of $369,805.80. Following the completion of the sale, the director owned 34,220 shares in the company, valued at approximately $4,048,226. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan L. Merkatoris sold 3,700 shares of the company'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 of the company's stock, valued at $8,492,910.44. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,226 shares of company stock valued at $1,884,826. Corporate insiders own 16.40% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in Nicolet Bankshares by 748.7% during the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after purchasing an additional 292 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Nicolet Bankshares during the 4th quarter valued at about $61,000. KBC Group NV purchased a new position in shares of Nicolet Bankshares during the 1st quarter valued at about $95,000. Summit Investment Advisors Inc. raised its holdings 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 valued at $148,000 after buying an additional 140 shares in the last quarter. Finally, Smith Group Asset Management LLC bought a new position in Nicolet Bankshares during the 1st quarter worth approximately $210,000. Hedge funds and other institutional investors own 43.06% of the company's stock.
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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