Nicolet Bankshares (NYSE:NIC) Price Target Lowered to $183.00 at Piper Sandler

Nicolet Bankshares (NYSE:NIC) had its price objective lowered by investment analysts at Piper Sandler from $185.00 to $183.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 22.88% from the stock’s previous close.

A number of other research firms also recently commented on NIC. Hovde Group reissued an “outperform” rating and issued a $190.00 target price on shares of Nicolet Bankshares in a report on Tuesday, January 27th. Zacks Research downgraded shares of Nicolet Bankshares from a “strong-buy” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods boosted their price objective on shares of Nicolet Bankshares from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Nicolet Bankshares in a research report on Thursday, January 22nd. Finally, Maxim Group increased their target price on shares of Nicolet Bankshares from $161.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Nicolet Bankshares has a consensus rating of “Moderate Buy” and an average price target of $179.00.

Nicolet Bankshares Stock Performance

Shares of NIC stock opened at $148.92 on Wednesday. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 15.53 and a beta of 0.74. The stock has a 50 day simple moving average of $151.90 and a 200-day simple moving average of $137.45. Nicolet Bankshares has a 12-month low of $111.21 and a 12-month high of $163.11. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). Nicolet Bankshares had a net margin of 26.98% and a return on equity of 12.49%. The business had revenue of $134.85 million during the quarter, compared to analysts’ expectations of $129.74 million. On average, equities analysts forecast that Nicolet Bankshares will post 12.45 EPS for the current year.

Insider Buying and Selling

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,309 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $149.82, for a total transaction of $495,754.38. Following the completion of the transaction, the director directly owned 34,054 shares in the company, valued at approximately $5,101,970.28. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 13,036 shares of company stock valued at $1,992,022. 7.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Nicolet Bankshares

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake 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 in the last quarter. Jones Financial Companies Lllp acquired a new stake in Nicolet Bankshares during the 3rd quarter valued at $43,000. Meeder Asset Management Inc. acquired a new stake in Nicolet Bankshares during the 4th quarter valued at $48,000. Clearstead Advisors LLC increased its position in Nicolet Bankshares by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock worth $55,000 after buying an additional 297 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Nicolet Bankshares by 45.1% in the third quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock worth $79,000 after acquiring an additional 183 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors and hedge funds.

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.