Michael E. Daniels, Chairman, President & CEO of Nicolet Bankshares (NASDAQ:NCBS) Inc. (NASDAQ:NIC (NASDAQ:EGOV)), recently reported significant stock transactions. On November 11 and 12, Daniels sold a total of 11,449 shares of common stock at a price of $115.00 per share, amounting to approximately $1.3 million. These sales follow the exercise of stock options, where Daniels acquired 11,449 shares at $48.85 per share. Following these transactions, Daniels holds 72,434 shares directly. Additionally, he maintains indirect ownership through a 401(k) plan and shares held by his spouse.
In other recent news, Nicolet Bankshares reported a robust third-quarter performance, exceeding the consensus estimate with a core earnings per share (EPS) of $1.98. This achievement, attributed to a wider net interest margin and strong credit quality, prompted Maxim Group to elevate its stock price target to $124.00 and maintain a Buy rating. The firm also revised its 2025 GAAP EPS estimate for Nicolet Bankshares upward to $8.60, reflecting confidence in the bank's growth and profitability.
In addition, Nicolet Bankshares has been making waves with its notable second-quarter performance, exceeding consensus estimates by approximately 9%. This strong performance was recognized by several financial service firms, including Stephens and Maxim Group, which raised their price targets for Nicolet Bankshares.
Furthermore, Nicolet Bankshares demonstrated a significant recovery in deposit trends and a 14% year-over-year increase in Wealth Management fees. These recent developments resulted in the company increasing its dividend by 12% to $0.28 per share. These are the latest developments at Nicolet Bankshares, a company that continues to show strong financial performance.
InvestingPro Insights
As Michael E. Daniels, Chairman, President & CEO of Nicolet Bankshares Inc . (NASDAQ:NIC), executes significant stock transactions, it's worth examining the company's current financial position and market performance.
According to InvestingPro data, Nicolet Bankshares boasts a market capitalization of $1.72 billion USD, reflecting its substantial presence in the banking sector. The company's P/E ratio stands at 12.8, suggesting a relatively attractive valuation compared to its earnings. This is further supported by an InvestingPro Tip indicating that NIC is trading at a low P/E ratio relative to its near-term earnings growth, which could be of interest to value-oriented investors.
Nicolet Bankshares has demonstrated strong financial performance, with revenue growth of 28.93% over the last twelve months as of Q3 2024. This robust growth is complemented by an impressive operating income margin of 46.8% for the same period, highlighting the company's operational efficiency.
An InvestingPro Tip notes that Nicolet Bankshares has shown a high return over the last year, with the stock price total return standing at 56.88% for the past year. This aligns with another tip indicating that the stock is trading near its 52-week high, currently at 98.73% of that peak.
For investors seeking additional insights, InvestingPro offers 11 more tips on Nicolet Bankshares, providing a comprehensive analysis of the company's financial health and market position.
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