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

Nicolet Bankshares Inc. (NYSE:NIC) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $183.00.

Several analysts have recently commented on the stock. Raymond James Financial started coverage on shares of Nicolet Bankshares in a research report on Tuesday, June 23rd. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods upped their target price on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday. Hovde Group cut their price target on Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Zacks Research raised Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Weiss Ratings downgraded Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th.

Nicolet Bankshares Trading Up 0.1%

Shares of NYSE:NIC opened at $169.77 on Monday. The stock has a 50 day moving average of $153.43 and a 200 day moving average of $149.27. The company has a market cap of $3.61 billion, a PE ratio of 19.27 and a beta of 0.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.04. Nicolet Bankshares has a 12-month low of $114.11 and a 12-month high of $173.48.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, July 21st. The company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.14. The company had revenue of $177.75 million for the quarter, compared to analysts’ expectations of $171.93 million. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. As a group, equities research analysts expect that Nicolet Bankshares will post 12.3 EPS for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Nicolet Bankshares’s dividend payout ratio (DPR) is 16.35%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in shares of Nicolet Bankshares by 150.8% during the first quarter. Royal Bank of Canada now owns 13,987 shares of the company’s stock valued at $1,524,000 after buying an additional 8,410 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Nicolet Bankshares by 15.2% in the first quarter. AQR Capital Management LLC now owns 11,819 shares of the company’s stock worth $1,288,000 after buying an additional 1,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Nicolet Bankshares by 6.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,134 shares of the company’s stock worth $886,000 after acquiring an additional 517 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Nicolet Bankshares by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,778 shares of the company’s stock worth $3,245,000 after acquiring an additional 1,922 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Nicolet Bankshares by 3,940.0% during the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after acquiring an additional 197 shares in the last quarter. 43.06% of the stock is currently owned by institutional investors.

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.