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GREEN BAY, WI—Susan L. Merkatoris, a director at Nicolet Bankshares (NASDAQ:NCBS) Inc. (NASDAQ:NIC (NASDAQ:EGOV)), recently sold 1,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $111.27, generating a total of $111,270. The transactions occurred on January 27, 2025, with prices ranging from $111.20 to $111.40 per share, near the stock’s 52-week high of $116.17. The stock has delivered a 34.64% return over the past year and trades at a P/E ratio of 13.7. Following this sale, Merkatoris holds 82,218 shares of Nicolet Bankshares. InvestingPro analysis reveals 6 additional key insights about the company’s valuation and growth prospects.
In other recent news, Nicolet Bankshares has been under the spotlight following robust fourth-quarter earnings that exceeded expectations. The company reported earnings per share of $2.19, surpassing the consensus estimate of $1.97, attributed to an increase in the net interest margin and exceptional credit quality. This led to adjustments in price targets by Keefe, Bruyette & Woods, Maxim Group, and Piper Sandler to $115, $131, and $120, respectively.
Keefe, Bruyette & Woods maintained a Market Perform rating, citing Nicolet Bankshares’ impressive revenue growth and favorable credit trends. Maxim Group, expressing confidence in Nicolet’s operational strength, reiterated a Buy rating. Piper Sandler, while maintaining a Neutral rating, noted Nicolet’s potential for future mergers and acquisitions.
These recent developments reflect analysts’ anticipation of continued margin benefits, consistent organic loan growth, and stable credit trends. Nicolet Bankshares has also reported mid-to-high single-digit annualized growth in both loans and core deposits, indicating solid operating leverage and top-tier credit metrics. These facts, combined with the recent earnings results, paint a picture of Nicolet Bankshares’ recent performance and future prospects.
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