Key Points
- Insider sale: Director Robert Bruce Atwell sold 3,309 shares on March 12 at an average of $149.82 and, across Feb. 18–Mar. 12, sold a total of 13,036 shares for roughly $1.99 million, cutting his stake to 34,054 shares (an 8.86% drop).
- Quarterly beat: Nicolet reported Q earnings of $2.73 per share (vs. $2.55 est.) and revenue of $103.99M (vs. $79.67M est.), with a 12.49% ROE and a 26.98% net margin.
- Dividend and analyst sentiment: The bank pays a $0.32 quarterly dividend ($1.28 annual, ~0.9% yield) and carries a consensus Buy rating with an average price target of $179.50.
Nicolet Bankshares Inc. (NYSE:NIC - Get Free Report) Director Robert Bruce Atwell sold 3,309 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $149.82, for a total transaction of $495,754.38. Following the sale, the director directly owned 34,054 shares of the company's stock, valued at approximately $5,101,970.28. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Robert Bruce Atwell also recently made the following trade(s):
- On Thursday, March 5th, Robert Bruce Atwell sold 3,331 shares of Nicolet Bankshares stock. The shares were sold at an average price of $150.67, for a total transaction of $501,881.77.
- On Wednesday, February 18th, Robert Bruce Atwell sold 6,396 shares of Nicolet Bankshares stock. The shares were sold at an average price of $155.47, for a total value of $994,386.12.
Nicolet Bankshares Stock Down 0.4%
Shares of NYSE NIC opened at $148.68 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. Nicolet Bankshares Inc. has a 1 year low of $97.90 and a 1 year high of $163.11. The stock's 50-day simple moving average is $146.19 and its 200-day simple moving average is $134.56. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77.
Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $2.73 earnings per share for the quarter, beating analysts' consensus estimates of $2.55 by $0.18. Nicolet Bankshares had a return on equity of 12.49% and a net margin of 26.98%.The firm had revenue of $103.99 million during the quarter, compared to analyst estimates of $79.67 million. As a group, equities analysts anticipate that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current fiscal year.
Nicolet Bankshares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, March 2nd. Nicolet Bankshares's payout ratio is 13.06%.
Institutional Investors Weigh In On Nicolet Bankshares
Several institutional investors and hedge funds have recently bought and sold shares of NIC. Virtu Financial LLC bought a new position in Nicolet Bankshares in the fourth quarter worth about $2,048,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Nicolet Bankshares by 4.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,153 shares of the company's stock valued at $989,000 after purchasing an additional 363 shares during the last quarter. Mendon Capital Advisors Corp grew its holdings in shares of Nicolet Bankshares by 1.0% during the fourth quarter. Mendon Capital Advisors Corp now owns 20,000 shares of the company's stock valued at $2,426,000 after purchasing an additional 200 shares during the last quarter. Voloridge Investment Management LLC raised its position in shares of Nicolet Bankshares by 812.6% during the 4th quarter. Voloridge Investment Management LLC now owns 48,542 shares of the company's stock worth $5,888,000 after purchasing an additional 43,223 shares during the period. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of Nicolet Bankshares by 196.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 84,708 shares of the company's stock worth $10,275,000 after purchasing an additional 56,086 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. Zacks Research raised Nicolet Bankshares from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 30th. Hovde Group restated an "outperform" rating and set a $190.00 price objective on shares of Nicolet Bankshares in a research note on Tuesday, January 27th. Piper Sandler upgraded Nicolet Bankshares from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $148.00 to $185.00 in a research report on Thursday, February 19th. Finally, Maxim Group boosted their price target on Nicolet Bankshares from $161.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $179.50.
View Our Latest Stock Report on NIC
Nicolet Bankshares Company Profile
(
Get Free Report)
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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