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

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 1,000 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $111.27, for a total transaction of $111,270.00. Following the transaction, the director now owns 82,218 shares in the company, valued at approximately $9,148,396.86. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Nicolet Bankshares Price Performance

NIC opened at $110.71 on Friday. The firm has a market cap of $1.68 billion, a P/E ratio of 13.79 and a beta of 0.77. The firm has a 50-day moving average of $108.31 and a 200 day moving average of $101.71. 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 fifty-two week low of $73.00 and a fifty-two week high of $116.17.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share 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%. On average, research analysts expect that Nicolet Bankshares, Inc. will post 8.1 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders 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%.

Hedge Funds Weigh In On Nicolet Bankshares

A number of large investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Nicolet Bankshares by 0.5% in the third quarter. FMR LLC now owns 589,766 shares of the company’s stock valued at $56,399,000 after acquiring an additional 2,654 shares during the period. State Street Corp boosted its position in shares of Nicolet Bankshares by 3.7% in the third quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after acquiring an additional 13,772 shares during the period. Geode Capital Management LLC boosted its position in shares of Nicolet Bankshares by 1.6% in the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock valued at $29,019,000 after acquiring an additional 4,911 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Nicolet Bankshares by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock valued at $11,132,000 after acquiring an additional 3,650 shares during the period. Finally, Merit Financial Group LLC boosted its position in shares of Nicolet Bankshares by 1.7% in the fourth quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock valued at $3,624,000 after acquiring an additional 592 shares during the period. 43.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on NIC shares. Keefe, Bruyette & Woods increased their target price on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 23rd. Piper Sandler increased their target price on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Maxim Group increased their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $119.00.

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.