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 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 owns 82,218 shares of the company’s stock, valued at approximately $9,148,396.86. This trade 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 hyperlink.

Nicolet Bankshares Trading Up 1.1 %

Nicolet Bankshares stock opened at $111.76 on Friday. The stock has a 50-day moving average price of $108.31 and a 200 day moving average price of $101.77. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 13.92 and a beta of 0.77. Nicolet Bankshares, Inc. has a 52 week low of $73.00 and a 52 week high of $116.17. The company has a quick ratio of 0.96, a current 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 EPS for the quarter, beating 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 anticipate that Nicolet Bankshares, Inc. will post 8.1 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid 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 dividend yield of 1.00%. Nicolet Bankshares’s payout ratio is currently 13.95%.

Institutional Trading of Nicolet Bankshares

A number of hedge funds have recently modified their holdings of NIC. New York State Teachers Retirement System purchased a new position in Nicolet Bankshares during the fourth quarter valued at approximately $128,000. Quantbot Technologies LP purchased a new position in shares of Nicolet Bankshares during the 3rd quarter valued at approximately $155,000. Virtu Financial LLC acquired a new position in shares of Nicolet Bankshares in the 3rd quarter valued at $264,000. Quest Partners LLC boosted its holdings 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. Finally, BNP Paribas Financial Markets grew its position in Nicolet Bankshares by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after buying an additional 1,010 shares during the period. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.