Nicolet Bankshares’ (NIC) “Equal Weight” Rating Reiterated at Stephens

Stephens restated their equal weight rating on shares of Nicolet Bankshares (NYSE:NIC) in a report published on Wednesday morning, Benzinga reports. They currently have a $92.00 price objective on the stock.

NIC has been the subject of several other reports. TheStreet upgraded shares of Nicolet Bankshares from a c+ rating to a b rating in a research note on Wednesday, January 17th. Keefe, Bruyette & Woods increased their price target on shares of Nicolet Bankshares from $84.00 to $85.00 and gave the stock a market perform rating in a research note on Thursday, January 18th. 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, Hovde Group upgraded shares of Nicolet Bankshares from a market perform rating to an outperform rating in a research note on Monday, March 4th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $88.63.

Nicolet Bankshares Trading Down 2.2 %

NYSE:NIC opened at $76.04 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.16. Nicolet Bankshares has a 52 week low of $51.76 and a 52 week high of $86.86. The firm has a market capitalization of $1.13 billion, a P/E ratio of 11.72 and a beta of 0.74. The company has a fifty day moving average of $80.52 and a 200 day moving average of $77.66.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, January 16th. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.73 by $0.12. The business had revenue of $89.20 million during the quarter, compared to analyst estimates of $78.30 million. Nicolet Bankshares had a net margin of 20.60% and a return on equity of 10.07%. On average, research analysts predict that Nicolet Bankshares will post 6.93 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, March 7th. Nicolet Bankshares’s dividend payout ratio (DPR) is 15.41%.

Insider Activity at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 2,000 shares of the firm’s 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 sale, the director now 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 accessible through this hyperlink. In related news, EVP Eric James Witczak sold 2,053 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $82.45, for a total value of $169,269.85. Following the transaction, the executive vice president now owns 41,427 shares of the company’s stock, valued at $3,415,656.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Bruce Atwell sold 2,000 shares of the firm’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 completion of the transaction, the director now directly owns 42,889 shares in the company, valued at approximately $3,513,895.77. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nicolet Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in NIC. UBS Group AG purchased a new position in shares of Nicolet Bankshares in the fourth quarter worth approximately $417,000. Citigroup Inc. bought a new stake in Nicolet Bankshares during the 4th quarter worth approximately $35,000. Advisor Group Holdings Inc. bought a new stake in Nicolet Bankshares during the 4th quarter worth approximately $1,390,000. Victory Capital Management Inc. bought a new stake in Nicolet Bankshares during the 4th quarter worth approximately $401,000. Finally, Amalgamated Bank bought a new stake in Nicolet Bankshares during the 4th quarter worth approximately $131,000. Hedge funds and other institutional investors 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.