Nicolet Bankshares, Inc. (NYSE:NIC) Short Interest Update

Nicolet Bankshares, Inc. (NYSE:NIC - Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 121,300 shares, a growth of 21.4% from the January 31st total of 99,900 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 48,400 shares, the days-to-cover ratio is presently 2.5 days.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,102 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $117.65, for a total transaction of $364,950.30. Following the transaction, the director now owns 33,816 shares of the company's stock, valued at approximately $3,978,452.40. This represents a 8.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $111.27, for a total value of $111,270.00. Following the completion of the transaction, the director now owns 82,218 shares in the company, valued at $9,148,396.86. The trade was a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,836 shares of company stock valued at $1,821,913 over the last ninety days. 16.40% of the stock is owned by insiders.

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Institutional Investors Weigh In On Nicolet Bankshares

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Nicolet Bankshares by 132.8% in the 4th quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company's stock valued at $8,014,000 after purchasing an additional 43,567 shares during the period. Renaissance Technologies LLC bought a new position in Nicolet Bankshares in the fourth quarter valued at approximately $2,474,000. Dimensional Fund Advisors LP boosted its holdings in shares of Nicolet Bankshares by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company's stock valued at $67,325,000 after buying an additional 21,819 shares during the period. Martingale Asset Management L P bought a new stake in shares of Nicolet Bankshares during the fourth quarter worth $1,898,000. Finally, Teacher Retirement System of Texas raised 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 acquiring an additional 16,308 shares during the period. 43.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler upped their target price on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a "market perform" rating in a report on Thursday, January 23rd. Finally, Maxim Group lifted their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd.

Nicolet Bankshares Trading Down 2.7 %

Shares of NIC stock traded down $3.16 on Monday, reaching $112.54. The company had a trading volume of 19,956 shares, compared to its average volume of 44,644. The stock has a market cap of $1.72 billion, a PE ratio of 14.01 and a beta of 0.76. The company has a 50-day moving average of $111.99 and a 200-day moving average of $106.09. 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 has a 12 month low of $75.24 and a 12 month high of $121.52.

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

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, March 10th. This represents a $1.12 annualized dividend and a yield of 1.00%. Nicolet Bankshares's dividend payout ratio is presently 13.95%.

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.