Nicolet Bankshares (NYSE:NIC) Sets New 12-Month High – What’s Next?

Nicolet Bankshares Inc. (NYSE:NIC) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $156.40 and last traded at $156.6840, with a volume of 2413 shares changing hands. The stock had previously closed at $155.19.

Analyst Ratings Changes

Several brokerages recently issued reports on NIC. Zacks Research raised Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Nicolet Bankshares in a research report on Thursday, January 22nd. Hovde Group restated an “outperform” rating and set a $190.00 price target on shares of Nicolet Bankshares in a report on Tuesday, January 27th. Piper Sandler upped their price objective on shares of Nicolet Bankshares from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Nicolet Bankshares from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Nicolet Bankshares has a consensus rating of “Buy” and a consensus target price of $170.25.

Nicolet Bankshares Trading Up 0.8%

The company’s fifty day moving average is $135.29 and its 200-day moving average is $131.33. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $2.32 billion, a P/E ratio of 15.97 and a beta of 0.78.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, January 20th. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.18. Nicolet Bankshares had a return on equity of 12.65% and a net margin of 26.98%.The company had revenue of $103.99 million during the quarter, compared to analysts’ expectations of $79.67 million. As a group, sell-side analysts anticipate that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.8%. Nicolet Bankshares’s dividend payout ratio is presently 13.06%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in Nicolet Bankshares by 3,940.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Nicolet Bankshares in the third quarter valued at $43,000. Meeder Asset Management Inc. bought a new position in shares of Nicolet Bankshares in the fourth quarter valued at about $48,000. Clearstead Advisors LLC lifted its position in Nicolet Bankshares by 192.9% during the 4th quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock worth $55,000 after buying an additional 297 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Nicolet Bankshares by 45.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock worth $79,000 after buying an additional 183 shares in the last quarter. Institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Company Profile

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.