Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells 1,000 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $111.27, for a total transaction of $111,270.00. Following the completion of the sale, the director now directly owns 82,218 shares in the company, valued at $9,148,396.86. This represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Nicolet Bankshares Trading Up 0.4 %

NIC stock opened at $110.71 on Friday. The company has a market capitalization of $1.68 billion, a PE ratio of 13.79 and a beta of 0.77. Nicolet Bankshares, Inc. has a one year low of $73.00 and a one year high of $116.17. The company’s 50 day moving average price is $108.31 and its two-hundred day moving average price is $101.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, analysts predict that Nicolet Bankshares, Inc. will post 8.1 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.01%. Nicolet Bankshares’s dividend payout ratio is currently 13.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NIC shares. Piper Sandler raised their target price on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Maxim Group raised their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $119.00.

Institutional Investors Weigh In On Nicolet Bankshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in Nicolet Bankshares during the 4th quarter valued at $128,000. Quantbot Technologies LP bought a new stake in Nicolet Bankshares during the 3rd quarter valued at $155,000. Virtu Financial LLC purchased a new position in Nicolet Bankshares during the 3rd quarter valued at $264,000. Quest Partners LLC increased its position in Nicolet Bankshares by 858.0% during the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after purchasing an additional 2,617 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Nicolet Bankshares by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after purchasing an additional 1,010 shares during the period. 43.06% of the stock is currently owned by institutional investors.

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.