Nicolet Bankshares (NYSE:NIC) Price Target Lowered to $88.00 at Stephens

Nicolet Bankshares (NYSE:NIC - Get Free Report) had its price objective decreased by stock analysts at Stephens from $92.00 to $88.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Stephens' target price suggests a potential upside of 14.32% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. Piper Sandler cut their price objective on Nicolet Bankshares from $88.00 to $82.50 and set a "neutral" rating for the company in a research report on Wednesday. TheStreet raised Nicolet Bankshares from a "c+" rating to a "b" rating in a research report on Wednesday, January 17th. Hovde Group raised Nicolet Bankshares from a "market perform" rating to an "outperform" rating in a research report on Monday, March 4th. Finally, Keefe, Bruyette & Woods boosted their price objective on Nicolet Bankshares from $85.00 to $86.00 and gave the stock a "market perform" rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $87.88.

Nicolet Bankshares Stock Up 1.3 %

NIC traded up $1.02 during trading on Thursday, reaching $76.98. 47,547 shares of the stock traded hands, compared to its average volume of 39,263. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 11.86 and a beta of 0.74. Nicolet Bankshares has a fifty-two week low of $51.76 and a fifty-two week high of $86.86. 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 stock's 50-day simple moving average is $80.56 and its two-hundred day simple moving average is $77.66.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 16th. The company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.12. Nicolet Bankshares had a return on equity of 10.07% and a net margin of 20.60%. The company had revenue of $89.20 million during the quarter, compared to analysts' expectations of $78.30 million. As a group, equities research analysts expect that Nicolet Bankshares will post 6.93 EPS for the current year.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 2,000 shares of the 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 completion of the transaction, the director now directly owns 42,889 shares of the company's stock, valued at approximately $3,513,895.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Eric James Witczak sold 2,053 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $82.45, for a total value of $169,269.85. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this link. Also, Director Robert Bruce Atwell sold 2,000 shares of the 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 owns 42,889 shares in the company, valued at $3,513,895.77. The disclosure for this sale can be found here. Insiders own 16.40% of the company's stock.

Institutional Investors Weigh In On Nicolet Bankshares

A number of large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its position in Nicolet Bankshares by 9.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 45,364 shares of the company's stock worth $3,901,000 after acquiring an additional 3,905 shares during the last quarter. Vanguard Group Inc. grew its position in Nicolet Bankshares by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 697,725 shares of the company's stock worth $56,153,000 after acquiring an additional 17,539 shares during the last quarter. Mendon Capital Advisors Corp bought a new stake in Nicolet Bankshares during the 4th quarter worth approximately $2,012,000. Price T Rowe Associates Inc. MD grew its position in Nicolet Bankshares by 9.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,793 shares of the company's stock worth $789,000 after acquiring an additional 846 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in Nicolet Bankshares by 14.7% during the 4th quarter. Harbour Investments Inc. now owns 1,569 shares of the company's stock worth $126,000 after acquiring an additional 201 shares during the last quarter. 43.06% of the stock is currently 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.