Nicolet Bankshares (NYSE:NIC) Shares Gap Down to $82.10

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $82.10, but opened at $80.25. Nicolet Bankshares shares last traded at $83.21, with a volume of 1,011 shares.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Stephens restated an "equal weight" rating and set a $90.00 price objective on shares of Nicolet Bankshares in a research note on Wednesday, January 17th. TheStreet upgraded Nicolet Bankshares from a "c+" rating to a "b" rating in a research note on Wednesday, January 17th. Hovde Group upgraded Nicolet Bankshares from a "market perform" rating to an "outperform" rating in a research note on Monday, March 4th. Piper Sandler reiterated a "neutral" rating and issued a $84.00 price target on shares of Nicolet Bankshares in a research note on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $84.00 to $85.00 and gave the company a "market perform" rating in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Nicolet Bankshares has a consensus rating of "Hold" and an average target price of $88.50.

Nicolet Bankshares Price Performance

The firm has a market cap of $1.23 billion, a P/E ratio of 20.51 and a beta of 0.74. The business has a 50-day moving average of $80.35 and a two-hundred day moving average of $77.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its earnings results on Tuesday, January 16th. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.73 by $0.12. The firm had revenue of $89.20 million for the quarter, compared to the consensus estimate of $78.30 million. Nicolet Bankshares had a return on equity of 9.71% and a net margin of 14.69%. On average, sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 6.93 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, March 7th. Nicolet Bankshares's dividend payout ratio is 24.63%.

Insider Activity

In related news, Director Robert Bruce Atwell sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $81.93, for a total transaction of $163,860.00. Following the transaction, the director now directly owns 42,889 shares of the company's stock, valued at approximately $3,513,895.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Nicolet Bankshares news, EVP Eric James Witczak sold 2,053 shares of the business'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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Bruce Atwell sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $81.93, for a total value of $163,860.00. Following the sale, the director now directly owns 42,889 shares of the company's stock, valued at $3,513,895.77. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.

Institutional Trading of Nicolet Bankshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in Nicolet Bankshares by 1.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,250 shares of the company's stock worth $994,000 after purchasing an additional 250 shares in the last quarter. FMR LLC increased its holdings in Nicolet Bankshares by 54.2% during the 3rd quarter. FMR LLC now owns 556,958 shares of the company's stock worth $38,865,000 after purchasing an additional 195,707 shares in the last quarter. Swiss National Bank increased its holdings in Nicolet Bankshares by 1.4% during the 3rd quarter. Swiss National Bank now owns 29,100 shares of the company's stock worth $2,031,000 after purchasing an additional 400 shares in the last quarter. KLCM Advisors Inc. bought a new stake in Nicolet Bankshares during the 3rd quarter worth approximately $215,000. Finally, Barclays PLC increased its holdings in Nicolet Bankshares by 13.0% during the 3rd quarter. Barclays PLC now owns 13,081 shares of the company's stock worth $913,000 after purchasing an additional 1,506 shares in the last quarter. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Company Profile

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.