Nicolet Bankshares Inc. (NYSE:NIC - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $126.14 and last traded at $124.18, with a volume of 20595 shares changing hands. The stock had previously closed at $124.85.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on NIC shares. Piper Sandler lowered their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods boosted 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.
Get Our Latest Analysis on NIC
Nicolet Bankshares Stock Down 1.0%
The company has a 50-day simple moving average of $119.98 and a 200-day simple moving average of $113.67. The firm has a market cap of $1.87 billion, a PE ratio of 15.27 and a beta of 0.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick ratio of 0.97.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.14. Nicolet Bankshares had a return on equity of 11.08% and a net margin of 24.31%. The business had revenue of $89.43 million during the quarter, compared to analyst estimates of $70.08 million. Analysts expect that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current fiscal year.
Nicolet Bankshares Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.32 dividend. This is a positive change from Nicolet Bankshares's previous quarterly dividend of $0.28. The ex-dividend date was Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.03%. Nicolet Bankshares's payout ratio is presently 15.44%.
Insider Buying and Selling
In related 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 value of $401,746.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Bruce Atwell sold 3,126 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $4,048,226. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,226 shares of company stock valued at $1,884,826 in the last quarter. 14.20% of the stock is owned by company insiders.
Institutional Trading of Nicolet Bankshares
A number of large investors have recently modified their holdings of the company. Rafferty Asset Management LLC boosted its holdings in shares of Nicolet Bankshares by 1.4% in the fourth quarter. Rafferty Asset Management LLC now owns 8,531 shares of the company's stock valued at $895,000 after purchasing an additional 120 shares during the period. Summit Investment Advisors Inc. raised its stake in Nicolet Bankshares by 11.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock worth $148,000 after buying an additional 140 shares in the last quarter. Advisory Research Inc. raised its stake in Nicolet Bankshares by 0.3% in the fourth quarter. Advisory Research Inc. now owns 44,723 shares of the company's stock worth $4,692,000 after buying an additional 155 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Nicolet Bankshares by 2.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,815 shares of the company's stock worth $610,000 after buying an additional 157 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in Nicolet Bankshares by 748.7% in the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after buying an additional 292 shares in the last quarter. 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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