Sequoia Financial Advisors LLC Reduces Stock Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Sequoia Financial Advisors LLC trimmed its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,980 shares of the company’s stock after selling 175 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nicolet Bankshares were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Anchor Capital Advisors LLC lifted its stake in Nicolet Bankshares by 0.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company’s stock worth $2,450,000 after purchasing an additional 97 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Nicolet Bankshares by 1.5% in the 4th quarter. Rhumbline Advisers now owns 19,955 shares of the company’s stock valued at $2,093,000 after buying an additional 299 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Nicolet Bankshares by 1.7% in the 4th quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock valued at $3,624,000 after buying an additional 592 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Nicolet Bankshares by 1.7% during the 4th quarter. Bank of New York Mellon Corp now owns 58,247 shares of the company’s stock worth $6,111,000 after acquiring an additional 950 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Nicolet Bankshares by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after acquiring an additional 1,010 shares during the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 300 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $115.26, for a total value of $34,578.00. Following the completion of the transaction, the director now owns 81,918 shares in the company, valued at approximately $9,441,868.68. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Bruce Atwell sold 3,975 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total transaction of $469,368.00. Following the sale, the director now owns 30,317 shares in the company, valued at $3,579,831.36. The trade was a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,527 shares of company stock valued at $996,674 over the last ninety days. Corporate insiders own 16.40% of the company’s stock.

Nicolet Bankshares Stock Performance

Shares of NIC stock opened at $112.17 on Monday. Nicolet Bankshares, Inc. has a 52-week low of $75.24 and a 52-week high of $121.52. The stock’s 50-day moving average price is $112.62 and its 200 day moving average price is $106.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.71 billion, a PE ratio of 13.97 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. As a group, equities research analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. Nicolet Bankshares’s dividend payout ratio (DPR) is 13.95%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Piper Sandler raised their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, January 23rd. Finally, Maxim Group increased their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin and Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.