Nicolet Bankshares Inc (NYSE:NIC) price on Friday, March 21, fall -1.57% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $110.95.
A look at the stock’s price movement, the close in the last trading session was $112.72, moving within a range at $110.51 and $113.08. The beta value (5-Year monthly) was 0.757 while the PE ratio in trailing twelve months stood at 13.81. Turning to its 52-week performance, $121.52 and $75.24 were the 52-week high and 52-week low respectively. Overall, NIC moved -6.93% over the past month.
Nicolet Bankshares Inc’s market cap currently stands at around $1.69 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-20. The company has a Forward Dividend ratio of 1.12, with its dividend yield at 1.01%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 70.07M for the company’s revenue for the quarter, with a low and high estimate of 69.3M and 71.08M respectively. The average forecast suggests up to a 11.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 290.3M, representing a 8.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NIC is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend NIC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NIC’s current price about -3.28% and -2.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.58, while 7-day volatility ratio is 2.99% and 2.42% in the 30-day chart. Further, Nicolet Bankshares Inc (NIC) has a beta value of 0.68, and an average true range (ATR) of 2.92. Analysts have given the company’s stock an average 52-week price target of $118, forecast between a low of $112 and high of $124. Looking at the price targets, the low is -0.95% off current price level while to achieve the yearly target high, price needs to move -11.76%. Nonetheless, investors will most likely welcome a -6.35% jump to $118 which is the analysts’ median price.
If we refocus on Nicolet Bankshares Inc (NYSE:NIC), historical trading data shows that trading volumes averaged 0.15 over the past 10 days and 53.53K over the past 3 months. The company’s latest data on shares outstanding shows there are 15.36 million shares.
The 11.47% of Nicolet Bankshares Inc’s shares are in the hands of company insiders while institutional holders own 47.77% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.13 million on 2025-02-28, giving us a short ratio of 2.57. The data shows that as of 2025-02-28 short interest in Nicolet Bankshares Inc (NIC) stood at 98.0 of shares outstanding, with shares short rising to 99876.0 registered in 2025-01-31. Current price change has pushed the stock 5.76% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NIC stock continues to rise going into the next quarter.
