Nicolet Bankshares Inc. (NYSE:NIC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Nicolet Bankshares Inc. (NYSE:NIC) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $176.50.

A number of equities analysts have issued reports on the stock. Raymond James Financial started coverage on shares of Nicolet Bankshares in a research report on Tuesday. They set a “market perform” rating for the company. Weiss Ratings lowered shares of Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Zacks Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday. Piper Sandler decreased their target price on shares of Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Finally, Hovde Group cut their price target on Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd.

Nicolet Bankshares Stock Up 2.6%

Shares of NIC stock opened at $156.32 on Thursday. The stock’s 50-day simple moving average is $145.41 and its 200-day simple moving average is $143.22. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $3.32 billion, a PE ratio of 18.33 and a beta of 0.67. Nicolet Bankshares has a fifty-two week low of $114.11 and a fifty-two week high of $163.11.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, April 21st. The company reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). The firm had revenue of $134.85 million for the quarter, compared to analyst estimates of $129.74 million. Nicolet Bankshares had a return on equity of 11.48% and a net margin of 21.89%. Equities analysts expect that Nicolet Bankshares will post 11.75 earnings per share for the current year.

Nicolet Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.9%. This is a positive change from Nicolet Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, June 1st. Nicolet Bankshares’s dividend payout ratio is 16.88%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NIC. Merit Financial Group LLC increased its holdings in shares of Nicolet Bankshares by 31.2% during the 4th quarter. Merit Financial Group LLC now owns 49,314 shares of the company’s stock valued at $5,982,000 after purchasing an additional 11,729 shares in the last quarter. UBS Group AG lifted its stake in shares of Nicolet Bankshares by 61.1% in the 4th quarter. UBS Group AG now owns 49,213 shares of the company’s stock valued at $5,970,000 after purchasing an additional 18,657 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Nicolet Bankshares during the third quarter worth $3,850,000. Jupiter Asset Management Ltd. acquired a new stake in Nicolet Bankshares during the fourth quarter valued at $5,513,000. Finally, AlphaQuest LLC grew its position in Nicolet Bankshares by 804.7% during the fourth quarter. AlphaQuest LLC now owns 16,782 shares of the company’s stock valued at $2,036,000 after buying an additional 14,927 shares during the period. 43.06% of the stock is owned by institutional investors and hedge funds.

About Nicolet Bankshares

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.