JPMorgan Chase & Co. Grows Position in Nicolet Bankshares, Inc. (NYSE:NIC)

JPMorgan Chase & Co. raised its position in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 111.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,818 shares of the company's stock after acquiring an additional 17,314 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of Nicolet Bankshares worth $3,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Nicolet Bankshares in the 3rd quarter worth $155,000. Virtu Financial LLC purchased a new stake in Nicolet Bankshares in the third quarter worth about $264,000. Quest Partners LLC raised its stake in shares of Nicolet Bankshares by 858.0% in the third quarter. Quest Partners LLC now owns 2,922 shares of the company's stock worth $279,000 after buying an additional 2,617 shares during the period. BNP Paribas Financial Markets lifted its position in shares of 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 buying an additional 1,010 shares in the last quarter. Finally, PDT Partners LLC bought a new position in shares of Nicolet Bankshares during the 3rd quarter valued at approximately $412,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NIC. Keefe, Bruyette & Woods lifted their price target on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Maxim Group lifted their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $112.00.

Nicolet Bankshares Price Performance

Shares of NIC stock traded up $0.40 during mid-day trading on Monday, hitting $106.30. The company had a trading volume of 56,236 shares, compared to its average volume of 35,684. The company has a market capitalization of $1.62 billion, a P/E ratio of 13.52 and a beta of 0.77. The stock's 50 day moving average price is $108.67 and its 200-day moving average price is $100.35. Nicolet Bankshares, Inc. has a 52-week low of $73.00 and a 52-week high of $116.17. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.28 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.05%. Nicolet Bankshares's payout ratio is 14.25%.

Insider Transactions at Nicolet Bankshares

In other news, EVP Brad Vincent Hutjens sold 4,560 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $102.85, for a total transaction of $468,996.00. Following the sale, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $2,743,420.90. This represents a 14.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Bruce Atwell sold 2,500 shares of the firm's stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $101.01, for a total value of $252,525.00. Following the completion of the sale, the director now owns 33,315 shares of the company's stock, valued at approximately $3,365,148.15. This represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,599 shares of company stock valued at $9,326,168. 16.40% of the stock is currently owned by insiders.

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.