Nicolet Bankshares (NYSE:NIC) Reaches New 1-Year High at $104.18

Nicolet Bankshares, Inc. (NYSE:NIC) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $104.18 and last traded at $104.18, with a volume of 584 shares. The stock had previously closed at $103.65.

Analysts Set New Price Targets

A number of research analysts have recently commented on NIC shares. Stephens boosted their price target on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Piper Sandler boosted their target price on Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $85.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, April 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.00.

Nicolet Bankshares Price Performance

The business’s fifty day moving average price is $83.97 and its 200-day moving average price is $81.53. The company has a market capitalization of $1.54 billion, a P/E ratio of 15.97 and a beta of 0.77. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

Nicolet Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were paid 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 yield of 1.09%. This is a positive change from Nicolet Bankshares’s previous quarterly dividend of $0.25. Nicolet Bankshares’s payout ratio is 17.26%.

Insider Activity

In related news, Director Susan L. Merkatoris sold 1,000 shares of the business’s stock in a transaction that occurred on 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 owns 88,218 shares in the company, valued at approximately $6,766,320.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $76.70, for a total transaction of $76,700.00. Following the transaction, the director now owns 88,218 shares of the company’s stock, valued at approximately $6,766,320.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan L. Merkatoris sold 522 shares of the business’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 of the company’s stock, valued at $7,244,458. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,528 shares of company stock worth $3,053,362. 16.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nicolet Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. EntryPoint Capital LLC boosted its stake in shares of Nicolet Bankshares by 97.3% during the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after purchasing an additional 543 shares during the period. Blair William & Co. IL purchased a new stake in Nicolet Bankshares during the 1st quarter valued at $201,000. ProShare Advisors LLC bought a new stake in Nicolet Bankshares in the 1st quarter worth $203,000. SG Americas Securities LLC purchased a new position in shares of Nicolet Bankshares in the fourth quarter valued at about $238,000. Finally, Merit Financial Group LLC raised its stake 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 valued at $268,000 after acquiring an additional 246 shares during the last quarter. 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.