Nicolet Bankshares (NYSE:NIC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

by · The Markets Daily

Nicolet Bankshares (NYSE:NIC – Get Free Report) had its target price boosted by research analysts at Keefe, Bruyette & Woods from $165.00 to $170.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 17.37% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Research upgraded Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Piper Sandler raised their price target on Nicolet Bankshares from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nicolet Bankshares in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $159.67.

Get Our Latest Analysis on Nicolet Bankshares

Nicolet Bankshares Price Performance

NYSE:NIC opened at $144.84 on Thursday. Nicolet Bankshares has a 12-month low of $97.90 and a 12-month high of $145.20. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 14.78 and a beta of 0.78. The stock’s 50 day moving average price is $126.77 and its two-hundred day moving average price is $129.35. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.11.

Nicolet Bankshares (NYSE:NIC – Get Free Report) last announced its earnings results on Tuesday, January 20th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.55 by $0.18. The business had revenue of $80.89 million during the quarter, compared to the consensus estimate of $79.67 million. Nicolet Bankshares had a net margin of 26.98% and a return on equity of 12.65%. On average, analysts anticipate that Nicolet Bankshares will post 8.18 earnings per share for the current year.

Insider Activity

In other Nicolet Bankshares news, Director Robert J. Weyers purchased 3,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average cost of $115.73 per share, with a total value of $347,190.00. Following the completion of the purchase, the director owned 26,250 shares in the company, valued at $3,037,912.50. This represents a 12.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Hubert Phillip Moore, Jr. purchased 240 shares of Nicolet Bankshares stock in a transaction on Thursday, October 30th. The stock was bought at an average price of $115.84 per share, with a total value of $27,801.60. Following the completion of the acquisition, the chief financial officer directly owned 32,947 shares of the company’s stock, valued at approximately $3,816,580.48. This trade represents a 0.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 3,370 shares of company stock valued at $390,760. Corporate insiders own 16.40% of the company’s stock.

Institutional Trading of Nicolet Bankshares

Several institutional investors have recently made changes to their positions in the company. Sugar Maple Asset Management LLC increased its position in shares of Nicolet Bankshares by 23.7% during the fourth quarter. Sugar Maple Asset Management LLC now owns 13,912 shares of the company’s stock valued at $1,687,000 after acquiring an additional 2,668 shares during the last quarter. Ellsworth Advisors LLC purchased a new stake in shares of Nicolet Bankshares during the 4th quarter valued at $846,000. Legacy Private Trust Co. raised its stake in shares of Nicolet Bankshares by 10.6% during the 4th quarter. Legacy Private Trust Co. now owns 20,423 shares of the company’s stock worth $2,477,000 after purchasing an additional 1,955 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Nicolet Bankshares by 12.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,889 shares of the company’s stock worth $3,213,000 after buying an additional 2,709 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in Nicolet Bankshares during the third quarter valued at about $3,850,000. Institutional investors own 43.06% of the company’s stock.

About Nicolet Bankshares

(Get Free Report)

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.

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