Piper Sandler Issues Pessimistic Forecast for Nicolet Bankshares (NYSE:NIC) Stock Price

Nicolet Bankshares (NYSE:NIC) had its target price reduced by Piper Sandler from $185.00 to $183.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 27.01% from the company’s current price.

A number of other brokerages have also recently issued reports on NIC. Weiss Ratings restated a “buy (b)” rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Nicolet Bankshares from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Hovde Group reiterated an “outperform” rating and issued a $190.00 price target on shares of Nicolet Bankshares in a report on Tuesday, January 27th. Maxim Group upped their price target 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. Finally, Zacks Research cut shares of Nicolet Bankshares from a “strong-buy” rating to a “hold” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nicolet Bankshares presently has a consensus rating of “Moderate Buy” and an average target price of $176.50.

Nicolet Bankshares Stock Up 0.9%

Shares of NYSE NIC opened at $144.08 on Wednesday. The stock has a market cap of $3.08 billion, a P/E ratio of 16.89 and a beta of 0.74. The firm has a 50 day moving average price of $151.57 and a 200 day moving average price of $137.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. Nicolet Bankshares has a 52-week low of $114.11 and a 52-week high of $163.11.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). The firm had revenue of $134.85 million for the quarter, compared to analyst estimates of $129.74 million. Nicolet Bankshares had a net margin of 21.89% and a return on equity of 13.92%. Analysts expect that Nicolet Bankshares will post 12.45 EPS for the current year.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 6,396 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $155.47, for a total value of $994,386.12. Following the completion of the transaction, the director owned 34,054 shares in the company, valued at $5,294,375.38. This represents a 15.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 13,036 shares of company stock valued at $1,992,022 in the last ninety days. 7.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NIC. EverSource Wealth Advisors LLC boosted its holdings in Nicolet Bankshares by 3,940.0% during the second 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. Jones Financial Companies Lllp acquired a new position in Nicolet Bankshares during the third quarter worth $43,000. Meeder Asset Management Inc. acquired a new position in Nicolet Bankshares during the fourth quarter worth $48,000. Clearstead Advisors LLC boosted its holdings 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 purchasing an additional 297 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Nicolet Bankshares by 45.1% during the third quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock worth $79,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Trending Headlines about Nicolet Bankshares

Here are the key news stories impacting Nicolet Bankshares this week:

• Positive Sentiment: Nicolet announced a 12.5% quarterly dividend increase to $0.36 per share (annualized yield ~1.0%), payable June 15 to holders of record June 1 — a signal of confidence in cash flow that supports income-focused buying.
• Positive Sentiment: Zacks highlighted NIC among banks raising dividends amid market stress, reinforcing the dividend story for income investors. 3 Stocks That Declared Dividend Hikes Amid High Geopolitical Tensions
• Positive Sentiment: Hovde Group trimmed its price target from $190 to $180 but kept an “outperform” rating — the new target still implies meaningful upside versus the current share price, which can support bullish investor flows.
• Positive Sentiment: Piper Sandler nudged its target slightly lower to $183 but maintained an “overweight” rating, likewise preserving a sizable implied upside that can attract buyers. Benzinga
• Neutral Sentiment: Sunwest Bank entered a definitive agreement to acquire former MidWestOne and Bank of Denver branches from Nicolet National Bank — a branch divestiture that may simplify NIC’s footprint post-acquisition but has limited direct EBIT impact. Sunwest Bank Has Entered into a Definitive Agreement to Acquire the Former MidWestOne and Bank of Denver Branches from Nicolet National Bank
• Negative Sentiment: Zacks Research downgraded NIC from “strong-buy” to “hold,” which may reduce demand from momentum-driven retail traders and some quant models. Zacks.com
• Negative Sentiment: Seeking Alpha published a cautionary note that NIC’s current valuation already reflects strong fundamentals and merger benefits; it flagged integration risk from the MidWestOne deal and said shares trade at a premium on tangible book and forward P/E — a viewpoint that can cap further multiple expansion. Nicolet Bankshares Needs Time To Catch Up To Its Valuation

Nicolet Bankshares Company Profile

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.