6,000 Shares in Nicolet Bankshares, Inc. (NYSE:NIC) Bought by Heck Capital Advisors LLC

Heck Capital Advisors LLC acquired a new position in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,000 shares of the company's stock, valued at approximately $629,000.

Several other institutional investors have also recently added to or reduced their stakes in NIC. Quantbot Technologies LP bought a new position in Nicolet Bankshares during the 3rd quarter worth approximately $155,000. Virtu Financial LLC bought a new stake in shares of Nicolet Bankshares in the 3rd quarter valued at $264,000. Quest Partners LLC lifted its holdings in Nicolet Bankshares by 858.0% during the third 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. BNP Paribas Financial Markets grew its stake 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 period. Finally, SG Americas Securities LLC bought a new stake in Nicolet Bankshares during the 3rd quarter worth approximately $412,000. 43.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on NIC. Keefe, Bruyette & Woods boosted their target price on Nicolet Bankshares from $110.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, January 23rd. Maxim Group upped their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Piper Sandler lifted their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $119.00.

Insider Transactions at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 8,945 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $113.00, for a total value of $1,010,785.00. Following the sale, the director now directly owns 32,831 shares of the company's stock, valued at $3,709,903. This represents a 21.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $110.90, for a total transaction of $499,050.00. Following the transaction, the executive vice president now directly owns 26,674 shares of the company's stock, valued at approximately $2,958,146.60. This trade represents a 14.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,018 shares of company stock worth $5,425,478. Insiders own 16.40% of the company's stock.

Nicolet Bankshares Stock Performance

Shares of Nicolet Bankshares stock traded up $0.06 during mid-day trading on Wednesday, hitting $115.99. 17,912 shares of the stock were exchanged, compared to its average volume of 46,831. Nicolet Bankshares, Inc. has a 12 month low of $73.00 and a 12 month high of $116.82. The company has a market capitalization of $1.76 billion, a P/E ratio of 14.48 and a beta of 0.77. The company has a 50-day simple moving average of $108.37 and a 200 day simple moving average of $102.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its quarterly earnings data 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 net margin of 23.83% and a return on equity of 10.95%. Sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 8.1 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares's dividend payout ratio 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.