Nicolet Bankshares (NYSE:NIC) Hits New 1-Year High at $103.09

Nicolet Bankshares, Inc. (NYSE:NIC)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $103.09 and last traded at $102.80, with a volume of 33652 shares. The stock had previously closed at $100.17.

Analysts Set New Price Targets

A number of brokerages have recently commented on NIC. Piper Sandler increased their price target on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods increased their target price on shares of Nicolet Bankshares from $85.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Finally, Stephens increased their target price on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $100.00.

Nicolet Bankshares Stock Performance

The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average is $82.39 and its 200 day moving average is $80.83. The company has a market cap of $1.54 billion, a P/E ratio of 15.57 and a beta of 0.77.

Nicolet Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.12 annualized dividend and a dividend yield of 1.09%. This is a positive change from Nicolet Bankshares’s previous quarterly dividend of $0.25. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 17.26%.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 10,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $99.00, for a total value of $990,000.00. Following the sale, the executive vice president now owns 26,642 shares of the company’s stock, valued at approximately $2,637,558. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 10,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $99.00, for a total value of $990,000.00. Following the sale, the executive vice president now owns 26,642 shares of the company’s stock, valued at approximately $2,637,558. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan L. Merkatoris sold 522 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $79.00, for a total transaction of $41,238.00. Following the completion of the sale, the director now directly owns 91,702 shares in the company, valued at approximately $7,244,458. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,528 shares of company stock valued at $2,566,112. Insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On Nicolet Bankshares

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Nicolet Bankshares by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 542,091 shares of the company’s stock worth $43,629,000 after purchasing an additional 20,299 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Nicolet Bankshares by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 101,665 shares of the company’s stock worth $8,182,000 after purchasing an additional 2,036 shares during the period. Merit Financial Group LLC lifted its position in shares of Nicolet Bankshares by 8.0% in the 4th quarter. Merit Financial Group LLC now owns 3,331 shares of the company’s stock worth $268,000 after purchasing an additional 246 shares during the period. Johnson Financial Group Inc. lifted its position in shares of Nicolet Bankshares by 745.0% in the 4th quarter. Johnson Financial Group Inc. now owns 5,915 shares of the company’s stock worth $476,000 after purchasing an additional 5,215 shares during the period. Finally, Anchor Capital Advisors LLC lifted its position in shares of Nicolet Bankshares by 40.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 21,769 shares of the company’s stock worth $1,752,000 after purchasing an additional 6,285 shares during the period. Institutional investors own 43.06% of the company’s stock.

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.