Nicolet Bankshares (NYSE:NIC) Stock Gets Price Target Bump from Stephens

by · The Cerbat Gem

Nicolet Bankshares (NYSE:NIC – Get Free Report) had its price objective boosted by equities research analysts at Stephens from $185.00 to $190.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Stephens‘s price target suggests a potential upside of 12.11% from the stock’s previous close.

NIC has been the topic of a number of other research reports. Piper Sandler lifted their target price on shares of Nicolet Bankshares from $194.00 to $196.00 and gave the stock an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of Nicolet Bankshares from a “buy (a)” rating to a “buy (a+)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Nicolet Bankshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.80.

View Our Latest Stock Report on Nicolet Bankshares

Nicolet Bankshares Trading Up 2.3%

NIC stock opened at $169.47 on Friday. The company has a market capitalization of $3.55 billion, a PE ratio of 18.75 and a beta of 0.64. Nicolet Bankshares has a one year low of $114.11 and a one year high of $180.00. The company’s 50 day moving average price is $168.26 and its two-hundred day moving average price is $159.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90.

Nicolet Bankshares (NYSE:NIC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $0.08. Nicolet Bankshares had a net margin of 22.11% and a return on equity of 11.71%. The firm had revenue of $174.43 million during the quarter, compared to analyst estimates of $173.64 million. As a group, analysts predict that Nicolet Bankshares will post 12.10 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nicolet Bankshares news, EVP Eric Witczak sold 1,215 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $167.89, for a total value of $203,986.35. Following the completion of the sale, the executive vice president owned 33,630 shares in the company, valued at approximately $5,646,140.70. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Nicolet Bankshares by 86.3% in the second quarter. BlackRock Inc. now owns 3,027,246 shares of the company’s stock worth $500,676,000 after buying an additional 1,402,419 shares during the period. State Street Corp raised its holdings in Nicolet Bankshares by 65.1% during the 2nd quarter. State Street Corp now owns 1,174,560 shares of the company’s stock valued at $194,244,000 after buying an additional 463,199 shares during the last quarter. Jennison Associates LLC bought a new stake in Nicolet Bankshares during the 1st quarter valued at $31,794,000. Dimensional Fund Advisors LP raised its holdings in Nicolet Bankshares by 32.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 819,274 shares of the company’s stock valued at $121,756,000 after buying an additional 198,997 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Nicolet Bankshares during the 2nd quarter valued at $30,896,000. Institutional investors own 43.06% of the company’s stock.

About Nicolet Bankshares

(Get Free Report)

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Nicolet National Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Nicolet National Bank offers commercial and consumer lending, deposit accounts, residential and commercial real estate financing, treasury management and other business banking services. Its offerings also include wealth management, trust and investment services, mortgage banking and related financial solutions.

Founded in 2000, Nicolet has built a community-banking franchise serving customers primarily in Wisconsin and neighboring market areas.

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