Nicolet Bankshares (NYSE:NIC) Given New $115.00 Price Target at Keefe, Bruyette & Woods

Nicolet Bankshares (NYSE:NIC) had its price target raised by stock analysts at Keefe, Bruyette & Woods from $110.00 to $115.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 4.48% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Maxim Group raised their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Piper Sandler raised their target price on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $117.25.

Nicolet Bankshares Price Performance

Shares of NYSE:NIC opened at $110.07 on Thursday. Nicolet Bankshares has a twelve month low of $73.00 and a twelve month high of $116.17. The stock’s 50 day moving average is $108.36 and its 200-day moving average is $100.79. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 13.71 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share 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%. Sell-side analysts forecast that Nicolet Bankshares will post 7.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $115.30, for a total transaction of $691,800.00. Following the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $3,075,512.20. The trade was a 18.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Bruce Atwell sold 2,721 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $103.00, for a total transaction of $280,263.00. Following the completion of the transaction, the director now directly owns 33,315 shares in the company, valued at $3,431,445. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,899 shares of company stock valued at $9,053,273 in the last 90 days. 16.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nicolet Bankshares

Several large investors have recently modified their holdings of NIC. Quantbot Technologies LP purchased a new stake in Nicolet Bankshares during the third quarter valued at about $155,000. Virtu Financial LLC bought a new position in Nicolet Bankshares in the 3rd quarter valued at $264,000. Quest Partners LLC grew its position in Nicolet Bankshares by 858.0% during the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock worth $279,000 after buying an additional 2,617 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Nicolet Bankshares by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after purchasing an additional 1,010 shares in the last quarter. Finally, PDT Partners LLC bought a new position in shares of Nicolet Bankshares in the 3rd quarter worth $412,000. Hedge funds and other 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.