Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris Sells 300 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 300 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $115.26, for a total value of $34,578.00. Following the transaction, the director now owns 81,918 shares of the company’s stock, valued at approximately $9,441,868.68. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Nicolet Bankshares Price Performance

Shares of NIC opened at $110.45 on Thursday. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 13.75 and a beta of 0.76. The firm’s fifty day simple moving average is $112.32 and its 200-day simple moving average is $106.33. Nicolet Bankshares, Inc. has a twelve month low of $75.24 and a twelve month high of $121.52. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Equities analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, March 10th. Nicolet Bankshares’s payout ratio is 13.95%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Maxim Group boosted their price target on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their target price on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Finally, Piper Sandler upped their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd.

Institutional Investors Weigh In On Nicolet Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its stake in Nicolet Bankshares by 748.7% in the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock valued at $35,000 after acquiring an additional 292 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Nicolet Bankshares in the 4th quarter valued at about $61,000. New York State Teachers Retirement System purchased a new position in Nicolet Bankshares during the 4th quarter worth approximately $128,000. Summit Investment Advisors Inc. increased its position in Nicolet Bankshares by 11.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company’s stock worth $148,000 after buying an additional 140 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Nicolet Bankshares in the third quarter valued at approximately $155,000. 43.06% of the stock is currently owned by institutional investors and hedge funds.

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.