Nicolet Bankshares, Inc. (NYSE:NIC – Get Free Report) EVP Eric James Witczak sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $97.18, for a total transaction of $1,457,700.00. Following the sale, the executive vice president now directly owns 26,498 shares of the company’s stock, valued at approximately $2,575,075.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Nicolet Bankshares Stock Performance
Shares of NYSE:NIC traded up $2.77 during trading on Monday, hitting $100.09. 84,214 shares of the company were exchanged, compared to its average volume of 39,742. Nicolet Bankshares, Inc. has a 52-week low of $63.58 and a 52-week high of $102.67. The stock has a 50 day moving average of $82.01 and a 200 day moving average of $80.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market cap of $1.49 billion, a PE ratio of 15.00 and a beta of 0.77.
Nicolet Bankshares Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were issued a dividend of $0.28 per share. This is a boost from Nicolet Bankshares’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.12%. Nicolet Bankshares’s dividend payout ratio is 17.26%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on NIC. Piper Sandler raised their price objective on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their price target on shares of Nicolet Bankshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Finally, Stephens increased their price objective on Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $100.00.
View Our Latest Stock Report on NIC
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.
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