Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $487,250.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 5,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $97.45, for a total transaction of $487,250.00. Following the sale, the director now owns 83,218 shares in the company, valued at approximately $8,109,594.10. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Nicolet Bankshares Stock Performance

Shares of Nicolet Bankshares stock opened at $103.65 on Friday. Nicolet Bankshares, Inc. has a fifty-two week low of $63.58 and a fifty-two week high of $104.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market capitalization of $1.55 billion, a P/E ratio of 15.97 and a beta of 0.77. The company’s 50 day moving average price is $83.97 and its two-hundred day moving average price is $81.47.

Nicolet Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.28 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.12 annualized dividend and a dividend yield of 1.08%. This is an increase from Nicolet Bankshares’s previous quarterly dividend of $0.25. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 17.26%.

Analyst Ratings Changes

Several research firms recently issued reports on NIC. Keefe, Bruyette & Woods increased their price target on shares of Nicolet Bankshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Piper Sandler raised their target price on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Finally, Stephens raised their target price on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $100.00.

Hedge Funds Weigh In On Nicolet Bankshares

Several large investors have recently modified their holdings of NIC. Janus Henderson Group PLC raised its stake in shares of Nicolet Bankshares by 2,480.2% during the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock valued at $14,094,000 after acquiring an additional 157,566 shares during the last quarter. Mendon Capital Advisors Corp bought a new position in shares of Nicolet Bankshares during the fourth quarter valued at $2,012,000. Dimensional Fund Advisors LP raised its stake in shares of Nicolet Bankshares by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 542,091 shares of the company’s stock valued at $43,629,000 after acquiring an additional 20,299 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of Nicolet Bankshares during the first quarter valued at $1,041,000. Finally, Vanguard Group Inc. raised its stake in shares of Nicolet Bankshares by 1.2% during the first quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock valued at $60,704,000 after acquiring an additional 8,213 shares during the last quarter. Institutional investors own 43.06% of the company’s stock.

About Nicolet Bankshares

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.