Jackson Creek Investment Advisors LLC Invests $1.59 Million in Nicolet Bankshares, Inc. (NYSE:NIC)

Jackson Creek Investment Advisors LLC bought a new stake in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 15,117 shares of the company's stock, valued at approximately $1,586,000. Jackson Creek Investment Advisors LLC owned about 0.10% of Nicolet Bankshares at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NIC. Anchor Capital Advisors LLC grew its holdings in shares of 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 stake in shares of Nicolet Bankshares by 1.5% during the fourth quarter. Rhumbline Advisers now owns 19,955 shares of the company's stock worth $2,093,000 after buying an additional 299 shares during the period. Merit Financial Group LLC grew its holdings in shares of Nicolet Bankshares by 1.7% during the fourth quarter. Merit Financial Group LLC now owns 34,543 shares of the company's stock worth $3,624,000 after buying an additional 592 shares during the last quarter. Bank of New York Mellon Corp increased its position in Nicolet Bankshares by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 58,247 shares of the company's stock valued at $6,111,000 after acquiring an additional 950 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Nicolet Bankshares by 31.0% during the 3rd 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 currently owned by institutional investors and hedge funds.

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Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 3,975 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total value of $469,368.00. Following the completion of the transaction, the director now directly owns 30,317 shares of the company's stock, valued at $3,579,831.36. This trade represents a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan L. Merkatoris sold 1,000 shares of Nicolet Bankshares stock in a transaction on Monday, January 27th. The stock was sold at an average price of $111.27, for a total value of $111,270.00. Following the transaction, the director now directly owns 82,218 shares of the company's stock, valued at approximately $9,148,396.86. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,227 shares of company stock worth $962,096 over the last 90 days. Company insiders own 16.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NIC shares. Piper Sandler lifted their target price on Nicolet Bankshares from $119.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted 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. Finally, Maxim Group boosted their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd.

Nicolet Bankshares Stock Performance

NYSE NIC traded down $0.40 on Tuesday, hitting $110.01. 61,603 shares of the company's stock were exchanged, compared to its average volume of 44,932. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 13.70 and a beta of 0.76. The firm's 50-day moving average price is $112.11 and its two-hundred day moving average price is $106.22. Nicolet Bankshares, Inc. has a fifty-two week low of $75.24 and a fifty-two week high of $121.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick 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 earnings per share 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, research analysts expect that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.28 dividend. 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 1.02%. Nicolet Bankshares's dividend payout ratio is presently 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.