Nicolet Bankshares (NYSE:NIC) PT Raised to $86.00 at Keefe, Bruyette & Woods

Nicolet Bankshares (NYSE:NIC) had its target price upped by equities research analysts at Keefe, Bruyette & Woods from $85.00 to $86.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 7.63% from the stock’s current price.

A number of other brokerages have also recently commented on NIC. TheStreet raised Nicolet Bankshares from a “c+” rating to a “b” rating in a report on Wednesday, January 17th. Hovde Group upgraded Nicolet Bankshares from a “market perform” rating to an “outperform” rating in a research note on Monday, March 4th. Piper Sandler cut their price target on Nicolet Bankshares from $88.00 to $82.50 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Stephens reiterated an “equal weight” rating and issued a $92.00 price target on shares of Nicolet Bankshares in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.88.

Nicolet Bankshares Price Performance

Shares of Nicolet Bankshares stock opened at $79.90 on Thursday. Nicolet Bankshares has a one year low of $51.76 and a one year high of $86.86. The stock’s fifty day moving average is $80.62 and its 200 day moving average is $77.74. The stock has a market cap of $1.19 billion, a P/E ratio of 12.31 and a beta of 0.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95.

Insider Activity

In other news, Director Robert Bruce Atwell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $81.93, for a total transaction of $163,860.00. Following the completion of the transaction, the director now owns 42,889 shares in the company, valued at $3,513,895.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Robert Bruce Atwell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $81.93, for a total transaction of $163,860.00. Following the completion of the transaction, the director now owns 42,889 shares in the company, valued at $3,513,895.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Eric James Witczak sold 2,053 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $82.45, for a total value of $169,269.85. Following the transaction, the executive vice president now owns 41,427 shares of the company’s stock, valued at approximately $3,415,656.15. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN bought a new position in shares of Nicolet Bankshares in the 4th quarter valued at about $35,000. Citigroup Inc. bought a new position in shares of Nicolet Bankshares in the 4th quarter valued at about $35,000. Metropolitan Life Insurance Co NY bought a new position in shares of Nicolet Bankshares in the 4th quarter valued at about $58,000. Tower Research Capital LLC TRC lifted its holdings in shares of Nicolet Bankshares by 92.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 912 shares of the company’s stock valued at $62,000 after acquiring an additional 439 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Nicolet Bankshares by 14.7% in the 4th quarter. Harbour Investments Inc. now owns 1,569 shares of the company’s stock valued at $126,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Company Profile

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.