Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris Sells 1,000 Shares

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

Nicolet Bankshares Price Performance

Shares of NIC stock traded down $0.04 on Wednesday, hitting $110.40. 29,808 shares of the company’s stock were exchanged, compared to its average volume of 46,285. The company has a 50 day moving average of $108.29 and a 200 day moving average of $101.65. The stock has a market cap of $1.68 billion, a P/E ratio of 13.75 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares, Inc. has a 12 month low of $73.00 and a 12 month high of $116.17.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, equities research analysts predict that Nicolet Bankshares, Inc. will post 8.1 EPS for the current year.

Nicolet Bankshares Announces Dividend

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

Institutional Investors Weigh In On Nicolet Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of NIC. Los Angeles Capital Management LLC bought a new stake in Nicolet Bankshares during the 3rd quarter worth approximately $528,000. Barclays PLC raised its holdings in Nicolet Bankshares by 170.7% during the 3rd quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after purchasing an additional 15,121 shares during the last quarter. State Street Corp lifted its position in shares of Nicolet Bankshares by 3.7% in the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after purchasing an additional 13,772 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Nicolet Bankshares by 111.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock valued at $3,138,000 after purchasing an additional 17,314 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Nicolet Bankshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after buying an additional 4,911 shares during the period. Institutional investors own 43.06% of the company’s stock.

Analyst Ratings Changes

NIC has been the topic of a number of research analyst reports. Piper Sandler increased their price target on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised 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 report on Thursday, January 23rd. Finally, Maxim Group lifted their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Nicolet Bankshares currently has an average rating of “Hold” and an average price target of $119.00.

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.