Nicolet Bankshares (NYSE:NIC – Get Rating) had its target price cut by Maxim Group from $110.00 to $100.00 in a research report issued on Thursday, The Fly reports. Maxim Group’s price target points to a potential upside of 39.80% from the company’s current price.
Separately, Piper Sandler dropped their target price on shares of Nicolet Bankshares to $85.00 in a report on Thursday, September 29th.
Nicolet Bankshares Stock Up 0.1 %
Shares of NIC stock opened at $71.53 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s 50-day moving average is $79.51 and its 200-day moving average is $77.56. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 11.98 and a beta of 0.75. Nicolet Bankshares has a 52-week low of $69.46 and a 52-week high of $98.20.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of NIC. Sequoia Financial Advisors LLC bought a new position in Nicolet Bankshares in the 4th quarter valued at about $225,000. Foundations Investment Advisors LLC acquired a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $239,000. Merit Financial Group LLC acquired a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $245,000. Bowman & Co S.C. acquired a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $1,451,000. Finally, Legacy Private Trust Co. acquired a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $1,728,000. 37.40% of the stock is owned by institutional investors.
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. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial, and business loans and lines of credit; commercial real estate loans; agricultural (AG) production and AG real estate loans; commercial real estate investment real estate loans; construction and land development loans; residential real estate loans, such as residential first lien and junior lien mortgages, home equity loans, lines of credit, and residential construction loans; and consumer loans.
- Get a free copy of the StockNews.com research report on Nicolet Bankshares (NIC)
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