Key Points
- Director Robert Bruce Atwell sold 6,396 shares on Feb. 18 at an average price of $155.47 (~$994,386), reducing his stake by 15.81% to 34,054 shares valued at about $5.29M.
- Nicolet beat expectations in its latest quarter with EPS $2.73 vs. $2.55 and revenue $103.99M vs. $79.67M, and analysts hold an average "Buy" rating with a consensus target of $179.50.
- The firm declared a quarterly dividend of $0.32 per share payable Mar. 16 (ex-dividend Mar. 2), equal to a $1.28 annualized payout and a 0.8% yield.
Nicolet Bankshares Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 6,396 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $155.47, for a total value of $994,386.12. Following the completion of the transaction, the director directly owned 34,054 shares of the company's stock, valued at approximately $5,294,375.38. This trade represents a 15.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Nicolet Bankshares Price Performance
Shares of NYSE:NIC opened at $161.01 on Friday. The firm has a market capitalization of $2.38 billion, a PE ratio of 16.43 and a beta of 0.79. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. Nicolet Bankshares Inc. has a 1-year low of $97.90 and a 1-year high of $162.00. The business's 50 day moving average is $137.48 and its 200-day moving average is $132.13.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its earnings results on Tuesday, January 20th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.55 by $0.18. The firm had revenue of $103.99 million during the quarter, compared to analysts' expectations of $79.67 million. Nicolet Bankshares had a return on equity of 12.65% and a net margin of 26.98%. Sell-side analysts predict that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current year.
Nicolet Bankshares Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, March 2nd. Nicolet Bankshares's payout ratio is 13.06%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in NIC. EverSource Wealth Advisors LLC grew its holdings in Nicolet Bankshares by 3,940.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company's stock worth $25,000 after acquiring an additional 197 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Nicolet Bankshares during the third quarter worth approximately $43,000. Meeder Asset Management Inc. bought a new stake in shares of Nicolet Bankshares during the fourth quarter valued at approximately $48,000. Clearstead Advisors LLC increased its holdings in shares of Nicolet Bankshares by 192.9% in the fourth quarter. Clearstead Advisors LLC now owns 451 shares of the company's stock valued at $55,000 after purchasing an additional 297 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Nicolet Bankshares by 45.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 589 shares of the company's stock worth $79,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. Hovde Group restated an "outperform" rating and set a $190.00 target price on shares of Nicolet Bankshares in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods upped their price target on Nicolet Bankshares from $165.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, January 22nd. Maxim Group increased their price objective on Nicolet Bankshares from $161.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Nicolet Bankshares from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, Nicolet Bankshares has an average rating of "Buy" and a consensus target price of $179.50.
Get Our Latest Stock Report on NIC
About Nicolet Bankshares
(
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Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company's branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.
The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.
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