NYSE:NICBanks
Nicolet Bankshares Expands Share Capacity While Shares Trade Below Valuation Estimates
Shareholders of Nicolet Bankshares (NYSE:NIC) approved an amendment to increase the company’s authorized share count at a special meeting.
The higher authorized share capacity gives the bank more flexibility for potential capital raising, acquisitions or share-based compensation plans.
This change is material for existing and prospective investors because it widens the range of future corporate actions the company can consider.
Nicolet Bankshares, trading at $150.22, comes into this...