Nicolet Bankshares Inc. Has $88,000 Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Nicolet Bankshares Inc. decreased its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 842,385 shares of the company’s stock after selling 27,367 shares during the period. Nicolet Bankshares Inc. owned about 5.54% of Nicolet Bankshares worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NIC. State Street Corp increased its holdings in Nicolet Bankshares by 3.7% during the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after purchasing an additional 13,772 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Nicolet Bankshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after purchasing an additional 4,911 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Nicolet Bankshares by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 127,925 shares of the company’s stock valued at $13,421,000 after buying an additional 11,516 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Nicolet Bankshares by 132.8% in the fourth quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company’s stock valued at $8,014,000 after buying an additional 43,567 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 buying an additional 950 shares in the last quarter. Institutional investors own 43.06% of the company’s stock.

Wall Street Analysts Forecast Growth

NIC has been the subject of several research reports. Keefe, Bruyette & Woods raised their price objective on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 23rd. Piper Sandler raised their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Maxim Group upped their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 300 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the transaction, the director now owns 81,918 shares in the company, valued at approximately $9,441,868.68. This trade represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Bruce Atwell sold 3,102 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $117.65, for a total value of $364,950.30. Following the transaction, the director now owns 33,816 shares of the company’s stock, valued at $3,978,452.40. The trade was a 8.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,527 shares of company stock worth $996,674 in the last three months. Insiders own 16.40% of the company’s stock.

Nicolet Bankshares Stock Performance

Shares of NYSE:NIC opened at $101.87 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 1-year low of $75.24 and a 1-year high of $121.52. The stock has a market capitalization of $1.55 billion, a P/E ratio of 12.69 and a beta of 0.69. The business has a 50-day moving average price of $112.89 and a two-hundred day moving average price of $108.24.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Equities analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 13.95%.

About Nicolet Bankshares

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.