Connor Clark & Lunn Investment Management Ltd. Invests $778,000 in Nicolet Bankshares, Inc. (NYSE:NIC)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,418 shares of the company's stock, valued at approximately $778,000.

A number of other large investors have also recently modified their holdings of the company. Quest Partners LLC grew its holdings in Nicolet Bankshares by 858.0% during the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company's stock worth $279,000 after acquiring an additional 2,617 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Nicolet Bankshares by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company's stock valued at $11,132,000 after buying an additional 3,650 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Nicolet Bankshares by 7.9% in the 3rd quarter. Fisher Asset Management LLC now owns 14,978 shares of the company's stock worth $1,432,000 after purchasing an additional 1,092 shares in the last quarter. FMR LLC lifted its stake in shares of Nicolet Bankshares by 0.5% during the third quarter. FMR LLC now owns 589,766 shares of the company's stock worth $56,399,000 after buying an additional 2,654 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Nicolet Bankshares during the 3rd quarter worth about $155,000. Hedge funds and other institutional investors own 43.06% of the company's stock.

Insider Transactions at Nicolet Bankshares

In related 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 transaction, the director now owns 81,918 shares of the company's stock, valued at $9,441,868.68. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert Bruce Atwell sold 3,975 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total value of $469,368.00. Following the sale, the director now directly owns 30,317 shares in the company, valued at $3,579,831.36. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,527 shares of company stock valued at $996,674. 16.40% of the stock is currently owned by corporate insiders.

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Nicolet Bankshares Trading Down 1.5 %

Nicolet Bankshares stock traded down $1.68 during midday trading on Tuesday, hitting $111.39. 50,909 shares of the stock were exchanged, compared to its average volume of 48,029. The stock's 50-day simple moving average is $113.91 and its 200 day simple moving average is $107.25. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 13.87 and a beta of 0.76. 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 fifty-two week low of $75.24 and a fifty-two week high of $121.52.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. On average, equities analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.01%. The ex-dividend date was Monday, March 10th. Nicolet Bankshares's payout ratio is 13.95%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler upped their price objective 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. Maxim Group boosted their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $110.00 to $115.00 and gave the company a "market perform" 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.