Susan L. Merkatoris Sells 300 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 300 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the sale, the director now owns 81,918 shares in the company, valued at approximately $9,441,868.68. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Nicolet Bankshares Stock Down 0.0 %

Shares of Nicolet Bankshares stock traded down $0.02 during trading hours on Wednesday, reaching $109.72. 4,855 shares of the company’s stock were exchanged, compared to its average volume of 44,826. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $112.21 and a two-hundred day moving average of $106.30. The stock has a market cap of $1.67 billion, a P/E ratio of 13.63 and a beta of 0.76. Nicolet Bankshares, Inc. has a fifty-two week low of $75.24 and a fifty-two week high of $121.52.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, beating 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%. On average, sell-side analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.02%. Nicolet Bankshares’s payout ratio is 13.95%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Nicolet Bankshares by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company’s stock valued at $67,325,000 after purchasing an additional 21,819 shares during the last quarter. FMR LLC raised its position in shares of Nicolet Bankshares by 0.5% in the third quarter. FMR LLC now owns 589,766 shares of the company’s stock valued at $56,399,000 after purchasing an additional 2,654 shares during the period. State Street Corp lifted its stake in shares of Nicolet Bankshares by 3.7% during the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after buying an additional 13,772 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 buying an additional 4,911 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Nicolet Bankshares by 5.1% in the 4th quarter. Janus Henderson Group PLC now owns 180,218 shares of the company’s stock valued at $18,907,000 after buying an additional 8,698 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NIC has been the topic of several research analyst reports. Piper Sandler raised their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, January 23rd. Finally, Maxim Group raised their price target on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

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.