Nicolet Bankshares (NYSE:NIC) Sees Large Volume Increase – What’s Next?

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) saw unusually-strong trading volume on Tuesday . Approximately 60,114 shares traded hands during trading, an increase of 6% from the previous session’s volume of 56,516 shares.The stock last traded at $119.45 and had previously closed at $118.02.

Analyst Ratings Changes

A number of brokerages have recently commented on NIC. Keefe, Bruyette & Woods increased their price objective on Nicolet Bankshares from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Thursday, April 17th. Piper Sandler lowered their price target on Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th.

Nicolet Bankshares Stock Down 1.1%

The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.86 and a beta of 0.76. The business has a fifty day simple moving average of $116.49 and a two-hundred day simple moving average of $113.04. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. The firm had revenue of $89.43 million for the quarter, compared to analysts’ expectations of $70.08 million. Equities analysts expect that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a dividend of $0.32 per share. This is an increase from Nicolet Bankshares’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, June 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 15.44%.

Insider Buying and Selling at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 3,126 shares of Nicolet Bankshares stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $118.30, for a total value of $369,805.80. Following the completion of the transaction, the director now directly owns 34,220 shares of the company’s stock, valued at $4,048,226. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan L. Merkatoris sold 3,700 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $108.58, for a total transaction of $401,746.00. Following the transaction, the director now owns 78,218 shares in the company, valued at approximately $8,492,910.44. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,226 shares of company stock worth $1,884,826 over the last ninety days. Corporate insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC increased its stake in shares of Nicolet Bankshares by 748.7% in the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock valued at $35,000 after buying an additional 292 shares during the period. Point72 Asset Management L.P. acquired a new stake in Nicolet Bankshares in the fourth quarter worth about $61,000. KBC Group NV bought a new stake in Nicolet Bankshares during the 1st quarter worth about $95,000. New York State Teachers Retirement System acquired a new position in Nicolet Bankshares during the 4th quarter valued at about $128,000. Finally, Summit Investment Advisors Inc. lifted its position in Nicolet Bankshares by 11.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company’s stock valued at $148,000 after purchasing an additional 140 shares during the period. Institutional investors own 43.06% of the company’s stock.

About Nicolet Bankshares

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.