Nicolet Bankshares (NYSE:NIC) Price Target Raised to $185.00 at Keefe, Bruyette & Woods

Nicolet Bankshares (NYSE:NIC) had its price objective boosted by equities researchers at Keefe, Bruyette & Woods from $175.00 to $185.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 10.38% from the company’s previous close.

A number of other research firms have also recently commented on NIC. Weiss Ratings cut Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Raymond James Financial assumed coverage on shares of Nicolet Bankshares in a report on Tuesday, June 23rd. They set a “market perform” rating on the stock. Piper Sandler set a $194.00 price target on shares of Nicolet Bankshares in a report on Wednesday. Zacks Research upgraded Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Hovde Group cut their price target on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $183.00.

Nicolet Bankshares Price Performance

Shares of NIC opened at $167.60 on Thursday. The company has a 50 day moving average of $152.22 and a two-hundred day moving average of $148.61. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08. Nicolet Bankshares has a twelve month low of $114.11 and a twelve month high of $173.48. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 19.02 and a beta of 0.65.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.14. The business had revenue of $177.75 million for the quarter, compared to the consensus estimate of $171.93 million. Nicolet Bankshares had a return on equity of 12.61% and a net margin of 21.77%. As a group, analysts predict that Nicolet Bankshares will post 12.17 earnings per share for the current fiscal year.

Institutional Trading of Nicolet Bankshares

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in shares of Nicolet Bankshares by 3,940.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock worth $25,000 after purchasing an additional 197 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Nicolet Bankshares during the 4th quarter worth approximately $48,000. Clearstead Advisors LLC raised its holdings in shares of Nicolet Bankshares by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock valued at $55,000 after acquiring an additional 297 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Nicolet Bankshares by 151.9% during the first quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock valued at $90,000 after acquiring an additional 366 shares during the last quarter. Finally, UMB Bank n.a. acquired a new position in shares of Nicolet Bankshares during the fourth quarter valued at approximately $102,000. Institutional investors and hedge funds own 43.06% of the company’s stock.

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.