Nicolet Bankshares (NYSE:NIC) Given New $124.00 Price Target at Maxim Group

Nicolet Bankshares (NYSE:NIC) had its price target increased by equities research analysts at Maxim Group from $120.00 to $124.00 in a research report issued on Thursday, Briefing.com reports. The firm presently has a “buy” rating on the stock. Maxim Group’s price objective would suggest a potential upside of 18.65% from the stock’s previous close.

A number of other equities analysts have also commented on NIC. Piper Sandler raised their target price on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Stephens raised their target price on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock 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 two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $106.00.

Nicolet Bankshares Stock Up 5.7 %

Shares of NYSE NIC opened at $104.51 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $1.56 billion, a P/E ratio of 16.10 and a beta of 0.76. Nicolet Bankshares has a 1 year low of $63.58 and a 1 year high of $104.60. The firm has a 50-day simple moving average of $94.51 and a two-hundred day simple moving average of $87.37.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, July 16th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.18. The business had revenue of $85.43 million during the quarter, compared to the consensus estimate of $81.40 million. Nicolet Bankshares had a net margin of 21.13% and a return on equity of 10.20%. Research analysts anticipate that Nicolet Bankshares will post 7.3 earnings per share for the current year.

Insider Activity at Nicolet Bankshares

In related news, CEO Michael E. Daniels sold 8,003 shares of Nicolet Bankshares stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $98.98, for a total transaction of $792,136.94. Following the transaction, the chief executive officer now directly owns 72,402 shares of the company’s stock, valued at $7,166,349.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Michael E. Daniels sold 8,003 shares of Nicolet Bankshares stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $98.98, for a total transaction of $792,136.94. Following the transaction, the chief executive officer now directly owns 72,402 shares of the company’s stock, valued at $7,166,349.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Eric James Witczak sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $97.18, for a total transaction of $1,457,700.00. Following the completion of the sale, the executive vice president now owns 26,498 shares of the company’s stock, valued at approximately $2,575,075.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,003 shares of company stock valued at $3,727,087 over the last ninety days. 16.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nicolet Bankshares

Several institutional investors have recently bought and sold shares of NIC. Rothschild Investment LLC acquired a new stake in Nicolet Bankshares in the second quarter valued at approximately $67,000. EntryPoint Capital LLC boosted its stake in Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after acquiring an additional 543 shares in the last quarter. Blair William & Co. IL acquired a new stake in Nicolet Bankshares in the first quarter valued at approximately $201,000. ProShare Advisors LLC acquired a new stake in Nicolet Bankshares in the first quarter valued at approximately $203,000. Finally, SG Americas Securities LLC acquired a new stake in Nicolet Bankshares in the third quarter valued at approximately $412,000. 43.06% of the stock is currently owned by institutional investors and hedge funds.

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.