Nicolet Bankshares (NYSE:NIC) Price Target Raised to $86.00

Nicolet Bankshares (NYSE:NIC - Free Report) had its price objective raised by Keefe, Bruyette & Woods from $85.00 to $86.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a market perform rating on the stock.

Several other research firms have also commented on NIC. Hovde Group upgraded shares of Nicolet Bankshares from a market perform rating to an outperform rating in a report on Monday, March 4th. Piper Sandler cut their price target on shares of Nicolet Bankshares from $88.00 to $82.50 and set a neutral rating on the stock in a report on Wednesday. TheStreet upgraded shares of Nicolet Bankshares from a c+ rating to a b rating in a report on Wednesday, January 17th. Finally, Stephens reaffirmed an equal weight rating and issued a $92.00 price objective on shares of Nicolet Bankshares in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Nicolet Bankshares has a consensus rating of Hold and an average price target of $87.88.

Nicolet Bankshares Trading Up 1.3 %

NYSE NIC traded up $1.02 during mid-day trading on Thursday, hitting $76.98. The company's stock had a trading volume of 47,547 shares, compared to its average volume of 39,263. Nicolet Bankshares has a 52-week low of $51.76 and a 52-week high of $86.86. The stock's fifty day simple moving average is $80.52 and its two-hundred day simple moving average is $77.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $1.14 billion, a P/E ratio of 11.82 and a beta of 0.74.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 16th. The company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.73 by $0.12. Nicolet Bankshares had a net margin of 20.60% and a return on equity of 10.07%. The firm had revenue of $89.20 million for the quarter, compared to analyst estimates of $78.30 million. Research analysts expect that Nicolet Bankshares will post 6.93 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date was Thursday, March 7th. Nicolet Bankshares's dividend payout ratio (DPR) is 15.41%.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $81.93, for a total transaction of $163,860.00. Following the completion of the sale, the director now owns 42,889 shares of the company's stock, valued at $3,513,895.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert Bruce Atwell sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $81.93, for a total transaction of $163,860.00. Following the completion of the sale, the director now owns 42,889 shares of the company's stock, valued at $3,513,895.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric James Witczak sold 2,053 shares of the firm's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $82.45, for a total transaction of $169,269.85. Following the sale, the executive vice president now directly owns 41,427 shares of the company's stock, valued at approximately $3,415,656.15. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

Institutional Trading of Nicolet Bankshares

A number of hedge funds have recently made changes to their positions in the stock. UBS Group AG acquired a new position in Nicolet Bankshares in the fourth quarter worth $417,000. Citigroup Inc. acquired a new position in Nicolet Bankshares in the fourth quarter worth $35,000. Advisor Group Holdings Inc. acquired a new position in Nicolet Bankshares in the fourth quarter worth $1,390,000. Victory Capital Management Inc. acquired a new position in Nicolet Bankshares in the fourth quarter worth $401,000. Finally, Amalgamated Bank acquired a new position in Nicolet Bankshares in the fourth quarter worth $131,000. Institutional investors and hedge funds 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.