Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $34,578.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 300 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the transaction, the director now owns 81,918 shares in the company, valued at $9,441,868.68. This represents a 0.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nicolet Bankshares Stock Performance

Shares of Nicolet Bankshares stock opened at $112.17 on Friday. The firm has a market cap of $1.71 billion, a PE ratio of 13.97 and a beta of 0.76. The firm’s 50-day simple moving average is $112.62 and its 200-day simple moving average is $106.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares, Inc. has a 1 year low of $75.24 and a 1 year high of $121.52.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.12 annualized dividend and a yield of 1.00%. Nicolet Bankshares’s dividend payout ratio (DPR) is 13.95%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Nicolet Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in Nicolet Bankshares during the third quarter worth about $528,000. Barclays PLC raised its stake in Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after acquiring an additional 15,121 shares during the period. State Street Corp raised its stake in Nicolet Bankshares by 3.7% during the third quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after acquiring an additional 13,772 shares during the period. JPMorgan Chase & Co. raised its stake in Nicolet Bankshares by 111.7% during the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock worth $3,138,000 after acquiring an additional 17,314 shares during the period. Finally, Verus Wealth Management LLC acquired a new stake in Nicolet Bankshares during the fourth quarter worth about $551,000. Institutional investors and hedge funds own 43.06% of the company’s stock.

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.