In a report released yesterday, Damon Delmonte from KBW maintained a Hold rating on Nicolet Bankshares (NIC – Research Report), with a price target of $85.00. The company’s shares closed yesterday at $77.71.
Delmonte covers the Financial sector, focusing on stocks such as Heartland Financial USA, Financial Institutions, and Macatawa Bank. According to TipRanks, Delmonte has an average return of 16.3% and a 68.85% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nicolet Bankshares with a $90.00 average price target.
NIC market cap is currently $1.15B and has a P/E ratio of 19.03.
Based on the recent corporate insider activity of 111 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NIC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Nicolet Bankshares (NIC) Company Description:
Nicolet Bankshares, Inc. is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary, Nicolet Bank. It offers commercial and personal checking accounts, interest-bearing checking accounts; savings accounts; money market accounts; various types of certificates of deposit; and individual retirement accounts. It also provides commercial, construction, real estate, home equity, and consumer loans; as well as trust, investment management, and brokerage services. The company was founded by Robert Bruc Atwell and Michael E. Daniels on April 5, 2000 and is headquartered in Green Bay, WI.
