Nicolet Bankshares (NYSE:NIC) Given New $131.00 Price Target at Maxim Group

Nicolet Bankshares (NYSE:NIC) had its price objective lifted by analysts at Maxim Group from $124.00 to $131.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s target price would indicate a potential upside of 18.06% from the company’s current price.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday. Piper Sandler raised their price target on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Nicolet Bankshares has an average rating of “Hold” and an average target price of $119.00.

Nicolet Bankshares Stock Up 0.7 %

Nicolet Bankshares stock traded up $0.74 during midday trading on Thursday, reaching $110.96. The company’s stock had a trading volume of 7,659 shares, compared to its average volume of 45,127. Nicolet Bankshares has a fifty-two week low of $73.00 and a fifty-two week high of $116.17. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.69 billion, a P/E ratio of 13.82 and a beta of 0.77. The business has a 50-day simple moving average of $108.36 and a 200-day simple moving average of $100.79.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. On average, research analysts expect that Nicolet Bankshares will post 7.82 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert Bruce Atwell sold 2,721 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $103.00, for a total transaction of $280,263.00. Following the sale, the director now owns 33,315 shares of the company’s stock, valued at approximately $3,431,445. The trade was a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brad Vincent Hutjens sold 1,079 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $102.85, for a total transaction of $110,975.15. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at approximately $2,743,420.90. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,899 shares of company stock valued at $9,053,273 in the last three months. 16.40% of the stock is currently owned by company insiders.

Institutional Trading of Nicolet Bankshares

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Nicolet Bankshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after buying an additional 16,952 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Nicolet Bankshares in the third quarter valued at about $528,000. Barclays PLC grew its position in shares of Nicolet Bankshares by 170.7% in the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after purchasing an additional 15,121 shares during the last quarter. State Street Corp grew 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 purchasing an additional 13,772 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Nicolet Bankshares by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after purchasing an additional 4,911 shares in the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

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.