Piper Sandler Raises Nicolet Bankshares (NYSE:NIC) Price Target to $120.00

Nicolet Bankshares (NYSE:NIC) had its price target hoisted by equities researchers at Piper Sandler from $119.00 to $120.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 9.86% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Keefe, Bruyette & Woods upped their price objective on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Maxim Group increased their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $119.00.

Nicolet Bankshares Price Performance

NIC opened at $109.23 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $108.36 and its 200 day simple moving average is $100.79. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 13.60 and a beta of 0.77. Nicolet Bankshares has a 1 year low of $73.00 and a 1 year high of $116.17.

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

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 14,171 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $103.00, for a total transaction of $1,459,613.00. Following the completion of the transaction, the director now owns 33,315 shares of the company’s stock, valued at approximately $3,431,445. This trade represents a 29.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brad Vincent Hutjens sold 13,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.35, for a total transaction of $1,435,725.00. Following the completion of the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $2,836,779.90. This represents a 33.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,820 shares of company stock valued at $8,942,298. 16.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nicolet Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC grew its stake in shares of Nicolet Bankshares by 0.5% in the 3rd quarter. FMR LLC now owns 589,766 shares of the company’s stock worth $56,399,000 after buying an additional 2,654 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Nicolet Bankshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after acquiring an additional 16,952 shares in the last quarter. State Street Corp grew its stake 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 worth $36,507,000 after acquiring an additional 13,772 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Nicolet Bankshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock valued at $29,019,000 after acquiring an additional 4,911 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Nicolet Bankshares by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock worth $11,132,000 after purchasing an additional 3,650 shares during the last quarter. Institutional investors 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.