Nicolet Bankshares (NYSE:NIC) Sets New 52-Week High – Here’s Why
by Scott Moore · The Cerbat GemNicolet Bankshares Inc. (NYSE:NIC – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $148.49 and last traded at $148.15, with a volume of 13770 shares. The stock had previously closed at $145.98.
Analyst Upgrades and Downgrades
NIC has been the subject of several research reports. Zacks Research raised shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Piper Sandler upped their target price on Nicolet Bankshares from $145.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Nicolet Bankshares in a research report on Thursday, January 22nd. Finally, Maxim Group raised their price objective on Nicolet Bankshares from $161.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Nicolet Bankshares currently has a consensus rating of “Buy” and an average target price of $170.25.
View Our Latest Stock Report on Nicolet Bankshares
Nicolet Bankshares Stock Performance
The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 15.19 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a fifty day simple moving average of $130.88 and a two-hundred day simple moving average of $130.15.
Nicolet Bankshares (NYSE:NIC – Get Free Report) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.55 by $0.18. The firm had revenue of $103.99 million during the quarter, compared to analyst estimates of $79.67 million. Nicolet Bankshares had a net margin of 26.98% and a return on equity of 12.65%. On average, analysts expect that Nicolet Bankshares Inc. will post 8.18 EPS for the current year.
Nicolet Bankshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Nicolet Bankshares’s payout ratio is 13.06%.
Institutional Trading of Nicolet Bankshares
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NIC. EverSource Wealth Advisors LLC increased its holdings in shares of Nicolet Bankshares by 3,940.0% in the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares during the period. Jones Financial Companies Lllp purchased a new stake in Nicolet Bankshares in the third quarter valued at approximately $43,000. Parkside Financial Bank & Trust raised its position in Nicolet Bankshares by 45.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock worth $79,000 after buying an additional 183 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Nicolet Bankshares during the 3rd quarter worth approximately $80,000. Finally, IAG Wealth Partners LLC acquired a new stake in Nicolet Bankshares during the 2nd quarter valued at approximately $126,000. Institutional investors and hedge funds own 43.06% of the company’s stock.
About Nicolet Bankshares
Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.
The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.