Charles Schwab Investment Management Inc. Grows Stock Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Charles Schwab Investment Management Inc. raised its stake in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 127,925 shares of the company's stock after acquiring an additional 11,516 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.84% of Nicolet Bankshares worth $13,421,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NIC. FMR LLC lifted its stake in shares of Nicolet Bankshares by 0.5% in the 3rd quarter. FMR LLC now owns 589,766 shares of the company's stock valued at $56,399,000 after purchasing an additional 2,654 shares during the period. State Street Corp raised its position in shares of Nicolet Bankshares by 3.7% in the third quarter. State Street Corp now owns 381,755 shares of the company's stock worth $36,507,000 after acquiring an additional 13,772 shares during the period. Geode Capital Management LLC boosted its stake in shares of Nicolet Bankshares by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company's stock worth $29,019,000 after acquiring an additional 4,911 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Nicolet Bankshares by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 58,247 shares of the company's stock worth $6,111,000 after purchasing an additional 950 shares during the period. Finally, Merit Financial Group LLC boosted its position in Nicolet Bankshares by 1.7% during the fourth quarter. Merit Financial Group LLC now owns 34,543 shares of the company's stock worth $3,624,000 after purchasing an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company's stock.

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Insider Buying and Selling

In related news, Director Robert Bruce Atwell sold 3,102 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $117.65, for a total transaction of $364,950.30. Following the sale, the director now owns 33,816 shares of the company's stock, valued at approximately $3,978,452.40. The trade was a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Merkatoris sold 300 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the transaction, the director now owns 81,918 shares in the company, valued at $9,441,868.68. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,527 shares of company stock valued at $996,674 over the last quarter. 16.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on Nicolet Bankshares from $110.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, January 23rd. Maxim Group upped 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, Piper Sandler boosted their target price on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd.

Nicolet Bankshares Trading Down 1.5 %

Shares of NIC stock traded down $1.68 during trading hours on Tuesday, hitting $111.39. The company had a trading volume of 50,909 shares, compared to its average volume of 48,029. Nicolet Bankshares, Inc. has a fifty-two week low of $75.24 and a fifty-two week high of $121.52. 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's fifty day moving average is $113.91 and its 200 day moving average is $107.25. The stock has a market capitalization of $1.69 billion, a PE ratio of 13.87 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share 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%. Research analysts expect that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. Nicolet Bankshares's dividend payout ratio (DPR) is 13.95%.

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.