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

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Susan L. Merkatoris sold 1,000 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 82,218 shares of the company's stock, valued at $9,148,396.86. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Nicolet Bankshares Trading Down 0.0 %

Shares of NYSE:NIC opened at $110.40 on Thursday. The business has a 50-day moving average price of $108.29 and a 200-day moving average price of $101.65. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 13.75 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (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%. Equities analysts predict that Nicolet Bankshares, Inc. will post 8.1 EPS for the current year.

Nicolet Bankshares Announces Dividend




The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given 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 yield of 1.01%. Nicolet Bankshares's dividend payout ratio is presently 13.95%.

Institutional Investors Weigh In On Nicolet Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NIC. Quantbot Technologies LP purchased a new stake in shares of Nicolet Bankshares in the third quarter worth about $155,000. Virtu Financial LLC acquired a new position in Nicolet Bankshares in the third quarter valued at approximately $264,000. Quest Partners LLC boosted its position in Nicolet Bankshares by 858.0% in the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company's stock worth $279,000 after purchasing an additional 2,617 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Nicolet Bankshares by 31.0% during the 3rd 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 during the period. Finally, PDT Partners LLC purchased a new position in shares of Nicolet Bankshares during the 3rd quarter valued at approximately $412,000. 43.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on NIC

About Nicolet Bankshares

(Get Free Report)

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.

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