Martingale Asset Management L P Makes New $1.90 Million Investment in Nicolet Bankshares, Inc. (NYSE:NIC)

Martingale Asset Management L P purchased a new stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,087 shares of the company's stock, valued at approximately $1,898,000. Martingale Asset Management L P owned approximately 0.12% of Nicolet Bankshares as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Nicolet Bankshares by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company's stock worth $408,000 after acquiring an additional 1,010 shares during the last quarter. State Street Corp grew its stake in shares of Nicolet Bankshares by 3.7% during the third quarter. State Street Corp now owns 381,755 shares of the company's stock valued at $36,507,000 after buying an additional 13,772 shares during the last quarter. Barclays PLC increased its position in Nicolet Bankshares by 170.7% during the 3rd quarter. Barclays PLC now owns 23,978 shares of the company's stock valued at $2,291,000 after purchasing an additional 15,121 shares during the period. Geode Capital Management LLC raised its holdings in shares of Nicolet Bankshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company's stock valued at $29,019,000 after purchasing an additional 4,911 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Nicolet Bankshares during the third quarter valued at approximately $264,000. Institutional investors own 43.06% of the company's stock.

Nicolet Bankshares Stock Up 1.5 %

NYSE:NIC traded up $1.53 during trading hours on Wednesday, hitting $106.67. The company's stock had a trading volume of 13,655 shares, compared to its average volume of 51,972. The stock has a fifty day moving average of $112.39 and a 200-day moving average of $108.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 52-week low of $75.24 and a 52-week high of $121.52. The stock has a market capitalization of $1.62 billion, a P/E ratio of 13.28 and a beta of 0.69.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. The business had revenue of $89.43 million during the quarter, compared to the consensus estimate of $70.08 million. On average, equities analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares's payout ratio is currently 13.95%.

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 sale, the director now directly owns 30,317 shares in the company, valued at $3,579,831.36. This trade represents a 11.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Merkatoris sold 1,000 shares of the business's 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 completion of the sale, the director now directly owns 82,218 shares in the company, valued at $9,148,396.86. This represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,527 shares of company stock worth $996,674. Corporate insiders own 16.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NIC shares. Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the company a "market perform" rating in a report on Thursday, January 23rd. Maxim Group increased their price objective on 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 reduced their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research report on Wednesday.

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.