Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) Director Susan L. Merkatoris sold 3,700 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $108.58, for a total value of $401,746.00. Following the sale, the director now directly owns 78,218 shares of the company's stock, valued at $8,492,910.44. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nicolet Bankshares Stock Up 1.5 %
Shares of NYSE:NIC opened at $116.01 on Thursday. The company has a 50 day moving average price of $111.62 and a two-hundred day moving average price of $109.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $1.76 billion, a PE ratio of 14.45 and a beta of 0.69. Nicolet Bankshares, Inc. has a 52 week low of $76.01 and a 52 week high of $121.52.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. The business had revenue of $89.43 million during the quarter, compared to analysts' expectations of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.
Nicolet Bankshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares's dividend payout ratio (DPR) is presently 13.51%.
Institutional Trading of Nicolet Bankshares
Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Nicolet Bankshares by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company's stock valued at $67,325,000 after buying an additional 21,819 shares during the period. Geode Capital Management LLC raised its position in Nicolet Bankshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company's stock valued at $29,019,000 after buying an additional 4,911 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Nicolet Bankshares by 5.1% in the 4th quarter. Janus Henderson Group PLC now owns 180,218 shares of the company's stock valued at $18,907,000 after acquiring an additional 8,698 shares in the last quarter. Northern Trust Corp boosted its position in Nicolet Bankshares by 1.2% during the 4th quarter. Northern Trust Corp now owns 134,755 shares of the company's stock worth $14,137,000 after acquiring an additional 1,607 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Nicolet Bankshares by 9.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 127,925 shares of the company's stock worth $13,421,000 after acquiring an additional 11,516 shares in the last quarter. 43.06% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on NIC shares. Maxim Group boosted their target price on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price objective on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a report on Thursday, April 17th. Finally, Piper Sandler reduced their price objective on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th.
View Our Latest Analysis on Nicolet Bankshares
Nicolet Bankshares Company Profile
(
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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