Susan L. Merkatoris Sells 3,700 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 3,700 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $108.58, for a total transaction of $401,746.00. Following the sale, the director now owns 78,218 shares in the company, valued at $8,492,910.44. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nicolet Bankshares Trading Up 1.5 %

Shares of NYSE:NIC opened at $117.79 on Friday. The firm has a fifty day moving average of $111.60 and a two-hundred day moving average of $109.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 12-month low of $76.01 and a 12-month high of $121.52. The firm has a market capitalization of $1.79 billion, a P/E ratio of 14.67 and a beta of 0.69.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. The firm had revenue of $89.43 million during the quarter, compared to analysts’ expectations of $70.08 million. On average, equities analysts expect that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 0.95%. Nicolet Bankshares’s payout ratio is 13.51%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NIC. Piper Sandler cut their target price on shares of Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods upped their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Thursday, April 17th. Finally, Maxim Group increased their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

Hedge Funds Weigh In On Nicolet Bankshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Diversified Trust Co acquired a new position in shares of Nicolet Bankshares during the 1st quarter worth $239,000. SG Americas Securities LLC acquired a new position in Nicolet Bankshares during the first quarter worth $405,000. Vest Financial LLC bought a new position in Nicolet Bankshares during the first quarter valued at about $1,642,000. GAMMA Investing LLC lifted its position in shares of Nicolet Bankshares by 20,603.3% in the first quarter. GAMMA Investing LLC now owns 6,211 shares of the company’s stock worth $677,000 after buying an additional 6,181 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Nicolet Bankshares in the fourth quarter worth about $629,000. Institutional investors own 43.06% of the company’s stock.

About Nicolet Bankshares

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.