Stephens Boosts Nicolet Bankshares (NYSE:NIC) Price Target to $110.00

Nicolet Bankshares (NYSE:NIC) had its price objective increased by Stephens from $90.00 to $110.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research firms also recently commented on NIC. Keefe, Bruyette & Woods upped their price objective on Nicolet Bankshares from $85.00 to $86.00 and gave the company a market perform rating in a report on Thursday, April 18th. Piper Sandler upped their price objective on Nicolet Bankshares from $86.00 to $104.00 and gave the company a neutral rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $100.00.

Nicolet Bankshares Trading Down 1.0 %

Shares of NIC opened at $97.32 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. Nicolet Bankshares has a 12-month low of $63.58 and a 12-month high of $102.67. The firm has a market capitalization of $1.45 billion, a PE ratio of 15.00 and a beta of 0.77. The stock’s fifty day simple moving average is $82.01 and its 200-day simple moving average is $80.66.

Nicolet Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, June 3rd. This is an increase from Nicolet Bankshares’s previous quarterly dividend of $0.25. Nicolet Bankshares’s dividend payout ratio is currently 17.26%.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $76.70, for a total value of $76,700.00. Following the completion of the sale, the director now directly owns 88,218 shares in the company, valued at $6,766,320.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $76.70, for a total value of $76,700.00. Following the completion of the sale, the director now directly owns 88,218 shares in the company, valued at $6,766,320.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan L. Merkatoris sold 522 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $79.00, for a total value of $41,238.00. Following the completion of the sale, the director now owns 91,702 shares of the company’s stock, valued at $7,244,458. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,528 shares of company stock worth $118,412. 16.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Nicolet Bankshares

Several large investors have recently modified their holdings of NIC. EntryPoint Capital LLC increased its holdings in shares of Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after acquiring an additional 543 shares in the last quarter. Blair William & Co. IL bought a new position in shares of Nicolet Bankshares during the first quarter worth about $201,000. ProShare Advisors LLC bought a new position in shares of Nicolet Bankshares during the first quarter worth about $203,000. SG Americas Securities LLC bought a new position in shares of Nicolet Bankshares during the fourth quarter worth about $238,000. Finally, Merit Financial Group LLC grew its holdings in shares of Nicolet Bankshares by 8.0% during the fourth quarter. Merit Financial Group LLC now owns 3,331 shares of the company’s stock worth $268,000 after buying an additional 246 shares in 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.