Nicolet Bankshares, Inc. (NYSE:NIC) Shares Sold by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. decreased its holdings in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 842,385 shares of the company's stock after selling 27,367 shares during the period. Nicolet Bankshares Inc. owned about 5.54% of Nicolet Bankshares worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NIC. Sterling Capital Management LLC lifted its position in shares of Nicolet Bankshares by 748.7% in the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after purchasing an additional 292 shares during the period. Martingale Asset Management L P purchased a new stake in Nicolet Bankshares during the fourth quarter worth $1,898,000. Renaissance Technologies LLC bought a new stake in Nicolet Bankshares during the 4th quarter valued at $2,474,000. Invesco Ltd. boosted its position in Nicolet Bankshares by 14.5% during the 4th quarter. Invesco Ltd. now owns 28,511 shares of the company's stock valued at $2,991,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Nicolet Bankshares by 2.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 5,815 shares of the company's stock valued at $610,000 after acquiring an additional 157 shares during the period. 43.06% of the stock is currently owned by institutional investors.

Nicolet Bankshares Stock Up 3.0 %

Nicolet Bankshares stock traded up $3.27 during midday trading on Friday, reaching $110.67. The company's stock had a trading volume of 63,927 shares, compared to its average volume of 52,179. 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 stock has a market capitalization of $1.68 billion, a P/E ratio of 13.78 and a beta of 0.69. The stock's 50-day simple moving average is $112.06 and its 200-day simple moving average is $108.49. Nicolet Bankshares, Inc. has a 52-week low of $75.28 and a 52-week high of $121.52.

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

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a yield of 1.01%. Nicolet Bankshares's dividend payout ratio is currently 13.95%.

Insider Buying and Selling at Nicolet Bankshares

In related news, Director Susan L. Merkatoris sold 1,000 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $111.27, for a total transaction of $111,270.00. Following the completion of the transaction, the director now owns 82,218 shares of the company's stock, valued at $9,148,396.86. This trade represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Bruce Atwell sold 3,102 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $117.65, for a total transaction of $364,950.30. Following the completion of the sale, the director now directly owns 33,816 shares in the company, valued at approximately $3,978,452.40. The trade was a 8.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,527 shares of company stock worth $996,674. 16.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NIC shares. Piper Sandler dropped their price objective on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Wednesday. Maxim Group lifted their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research note on Thursday.

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.