Nicolet Bankshares (NYSE:NIC) Sees Unusually-High Trading Volume

Shares of Nicolet Bankshares, Inc. (NYSE:NIC) saw unusually-high trading volume on Tuesday . Approximately 55,482 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 38,600 shares.The stock last traded at $74.05 and had previously closed at $73.44.

Analyst Ratings Changes

NIC has been the subject of several research analyst reports. Maxim Group boosted their target price on shares of Nicolet Bankshares from $70.00 to $95.00 in a research report on Thursday, July 20th. Keefe, Bruyette & Woods downgraded shares of Nicolet Bankshares from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $74.00 to $81.00 in a research report on Thursday, July 20th. TheStreet cut Nicolet Bankshares from a “b” rating to a “c” rating in a research note on Wednesday, October 25th. Finally, Stephens cut Nicolet Bankshares from an “overweight” rating to an “equal weight” rating and set a $81.00 price target on the stock. in a report on Wednesday, October 25th.

Nicolet Bankshares Stock Down 0.9 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day moving average price of $71.24 and a 200 day moving average price of $71.09. The company has a market cap of $1.14 billion, a P/E ratio of 20.00 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.54 EPS for the quarter. Nicolet Bankshares had a return on equity of 9.85% and a net margin of 14.93%. The company had revenue of $78.52 million for the quarter. Research analysts expect that Nicolet Bankshares, Inc. will post 6.09 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Susan L. Merkatoris sold 3,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $75.15, for a total transaction of $225,450.00. Following the transaction, the director now directly owns 99,598 shares of the company’s stock, valued at $7,484,789.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $75.15, for a total value of $225,450.00. Following the transaction, the director now owns 99,598 shares in the company, valued at approximately $7,484,789.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Patrick Joseph Madson sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $74.08, for a total transaction of $74,080.00. Following the completion of the transaction, the senior vice president now owns 5,848 shares in the company, valued at approximately $433,219.84. The disclosure for this sale can be found here. Insiders have sold 25,064 shares of company stock worth $1,862,900 over the last 90 days. 18.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nicolet Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC acquired a new stake in Nicolet Bankshares in the 4th quarter valued at approximately $18,931,000. FMR LLC raised its position in shares of Nicolet Bankshares by 54.2% during the third quarter. FMR LLC now owns 556,958 shares of the company’s stock valued at $38,865,000 after buying an additional 195,707 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Nicolet Bankshares by 130.1% during the second quarter. Alliancebernstein L.P. now owns 330,521 shares of the company’s stock valued at $22,446,000 after buying an additional 186,872 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in shares of Nicolet Bankshares during the fourth quarter valued at about $7,746,000. Finally, RMB Capital Management LLC acquired a new position in shares of Nicolet Bankshares in the first quarter valued at $3,152,000. 42.48% of the stock is owned by institutional investors and hedge funds.

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.