Nicolet Bankshares' (NIC) "Equal Weight" Rating Reiterated at Stephens

Nicolet Bankshares (NYSE:NIC - Get Free Report)'s stock had its "equal weight" rating reissued by analysts at Stephens in a note issued to investors on Wednesday, Benzinga reports. They presently have a $92.00 target price on the stock. Stephens' price objective indicates a potential upside of 21.00% from the stock's previous close.

NIC has been the topic of several other research reports. TheStreet upgraded shares of Nicolet Bankshares from a "c+" rating to a "b" rating in a research report on Wednesday, January 17th. Hovde Group upgraded shares of Nicolet Bankshares from a "market perform" rating to an "outperform" rating in a research report on Monday, March 4th. Keefe, Bruyette & Woods lifted their target price on shares of Nicolet Bankshares from $84.00 to $85.00 and gave the company a "market perform" rating in a research report on Thursday, January 18th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $84.00 target price on shares of Nicolet Bankshares in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Nicolet Bankshares has a consensus rating of "Hold" and a consensus target price of $88.63.

Nicolet Bankshares Stock Performance

NIC stock traded down $1.67 during midday trading on Wednesday, hitting $76.04. 69,326 shares of the stock traded hands, compared to its average volume of 39,152. The firm has a market cap of $1.13 billion, a P/E ratio of 18.73 and a beta of 0.74. 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 fifty day simple moving average is $80.50 and its 200-day simple moving average is $77.68. Nicolet Bankshares has a 1-year low of $51.76 and a 1-year high of $86.86.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings results on Tuesday, April 16th. The company reported $1.72 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.02). The firm had revenue of $82.73 million for the quarter, compared to analyst estimates of $81.40 million. Nicolet Bankshares had a net margin of 14.69% and a return on equity of 9.71%. On average, analysts expect that Nicolet Bankshares will post 6.93 earnings per share for the current year.

Insiders Place Their Bets

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,000 shares of Nicolet Bankshares stock in a transaction dated Tuesday, March 12th. The shares were 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 $3,513,895.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,000 shares of Nicolet Bankshares stock in a transaction dated 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 directly owns 42,889 shares in the company, valued at $3,513,895.77. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eric James Witczak sold 2,053 shares of Nicolet Bankshares stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $82.45, for a total transaction of $169,269.85. Following the sale, the executive vice president now owns 41,427 shares of the company's stock, valued at $3,415,656.15. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Nicolet Bankshares

Several large investors have recently added to or reduced their stakes in NIC. UBS Group AG purchased a new stake in Nicolet Bankshares during the 4th quarter worth approximately $417,000. Citigroup Inc. purchased a new stake in Nicolet Bankshares during the 4th quarter worth approximately $35,000. Advisor Group Holdings Inc. purchased a new stake in Nicolet Bankshares during the 4th quarter worth approximately $1,390,000. Victory Capital Management Inc. purchased a new stake in shares of Nicolet Bankshares in the 4th quarter valued at approximately $401,000. Finally, Amalgamated Bank purchased a new stake in shares of Nicolet Bankshares in the 4th quarter valued at approximately $131,000. 43.06% of the stock is owned by hedge funds and other 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.