Janus Henderson Group PLC Has $16.40 Million Stock Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Janus Henderson Group PLC lessened its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 27.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,520 shares of the company's stock after selling 63,822 shares during the period. Janus Henderson Group PLC owned approximately 1.13% of Nicolet Bankshares worth $16,402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Nicolet Bankshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company's stock valued at $48,783,000 after purchasing an additional 16,952 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Nicolet Bankshares in the third quarter valued at approximately $528,000. SG Americas Securities LLC bought a new stake in shares of Nicolet Bankshares in the third quarter valued at approximately $412,000. PDT Partners LLC acquired a new stake in Nicolet Bankshares during the third quarter worth approximately $412,000. Finally, Bank of New York Mellon Corp increased its stake in Nicolet Bankshares by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company's stock worth $5,479,000 after acquiring an additional 4,007 shares during the period. Institutional investors and hedge funds own 43.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NIC shares. Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a "market perform" rating in a report on Wednesday. Maxim Group boosted their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $112.00.

Nicolet Bankshares Price Performance

Shares of NIC stock traded up $0.16 on Friday, reaching $111.65. The company had a trading volume of 61,455 shares, compared to its average volume of 54,115. The stock has a market capitalization of $1.70 billion, a PE ratio of 14.20 and a beta of 0.76. 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 business's 50-day moving average is $104.64 and its 200 day moving average is $94.62. Nicolet Bankshares, Inc. has a one year low of $73.00 and a one year high of $116.17.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.13. The firm had revenue of $91.24 million for the quarter, compared to analyst estimates of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. Equities research analysts forecast that Nicolet Bankshares, Inc. will post 7.61 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.28 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. Nicolet Bankshares's dividend payout ratio is currently 14.25%.

Insiders Place Their Bets

In other news, Director Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $101.01, for a total transaction of $252,525.00. Following the transaction, the director now owns 33,315 shares in the company, valued at approximately $3,365,148.15. The trade was a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brad Vincent Hutjens sold 5,838 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $113.58, for a total transaction of $663,080.04. Following the completion of the sale, the executive vice president now directly owns 29,593 shares in the company, valued at approximately $3,361,172.94. This represents a 16.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,898 shares of company stock valued at $8,766,515 in the last 90 days. Corporate insiders own 16.40% of the company's stock.

Nicolet Bankshares 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.