KLP Kapitalforvaltning AS Makes New Investment in Nicolet Bankshares, Inc. (NYSE:NIC)

KLP Kapitalforvaltning AS bought a new position in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,900 shares of the company's stock, valued at approximately $304,000.

Several other hedge funds also recently made changes to their positions in NIC. American Century Companies Inc. lifted its position in shares of Nicolet Bankshares by 10.4% during the 4th quarter. American Century Companies Inc. now owns 31,576 shares of the company's stock worth $3,313,000 after buying an additional 2,984 shares during the last quarter. Quantbot Technologies LP boosted its position in Nicolet Bankshares by 30.7% during the 4th quarter. Quantbot Technologies LP now owns 2,116 shares of the company's stock worth $222,000 after buying an additional 497 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Nicolet Bankshares by 284.8% during the fourth quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company's stock worth $2,312,000 after purchasing an additional 16,308 shares during the period. Thrivent Financial for Lutherans acquired a new position in Nicolet Bankshares during the 4th quarter worth about $533,000. Finally, Swiss National Bank increased its stake in shares of Nicolet Bankshares by 1.5% in the fourth quarter. Swiss National Bank now owns 26,600 shares of the company's stock valued at $2,791,000 after buying an additional 400 shares during the period. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Stock Up 1.1 %

Shares of NIC stock traded up $1.07 on Friday, reaching $101.87. 62,691 shares of the company were exchanged, compared to its average volume of 51,958. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The company has a 50-day moving average of $112.89 and a 200-day moving average of $108.24. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 12.69 and a beta of 0.69. Nicolet Bankshares, Inc. has a one year low of $75.24 and a one year high of $121.52.

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

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.28 per share. The ex-dividend date was Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a yield of 1.10%. Nicolet Bankshares's dividend payout ratio (DPR) is presently 13.95%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 300 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the sale, the director now directly owns 81,918 shares of the company's stock, valued at approximately $9,441,868.68. The trade was a 0.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total value of $469,368.00. Following the transaction, the director now directly owns 30,317 shares in the company, valued at approximately $3,579,831.36. The trade was a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,527 shares of company stock worth $996,674. 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.