Nicolet Bankshares (NYSE:NIC) Trading Up 8.9%

Nicolet Bankshares, Inc. (NYSE:NIC) rose 8.9% during mid-day trading on Friday . The company traded as high as $100.13 and last traded at $100.13. Approximately 9,352 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 41,478 shares. The stock had previously closed at $91.98.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Piper Sandler lifted their target price on Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Stephens raised their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $100.00.

Nicolet Bankshares Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.96. The firm has a market capitalization of $1.47 billion, a P/E ratio of 15.43 and a beta of 0.77. The business has a fifty day moving average of $88.59 and a 200-day moving average of $83.10.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, July 16th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.18. The company had revenue of $85.43 million during the quarter, compared to analysts’ expectations of $81.40 million. Nicolet Bankshares had a return on equity of 10.37% and a net margin of 21.13%. On average, sell-side analysts forecast that Nicolet Bankshares, Inc. will post 7.03 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.14%. Nicolet Bankshares’s dividend payout ratio is presently 17.26%.

Insider Buying and Selling at Nicolet Bankshares

In other news, EVP Brad Vincent Hutjens sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 26,642 shares of the company’s stock, valued at approximately $2,637,558. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $76.70, for a total transaction of $76,700.00. Following the completion of the transaction, the director now directly owns 88,218 shares of the company’s stock, valued at approximately $6,766,320.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brad Vincent Hutjens sold 10,000 shares of Nicolet Bankshares 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 transaction, the executive vice president now owns 26,642 shares in the company, valued at $2,637,558. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,528 shares of company stock valued at $3,053,362. Company insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Nicolet Bankshares by 1.2% in the first quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock worth $60,704,000 after buying an additional 8,213 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Nicolet Bankshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock valued at $48,783,000 after acquiring an additional 16,952 shares in the last quarter. Janus Henderson Group PLC grew its position in Nicolet Bankshares by 2,480.2% during the 1st quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after purchasing an additional 157,566 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Nicolet Bankshares by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 101,665 shares of the company’s stock valued at $8,182,000 after purchasing an additional 2,036 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Nicolet Bankshares by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock valued at $5,479,000 after purchasing an additional 4,007 shares in the last quarter. 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.