Nicolet Bankshares, Inc. (NYSE:NIC) Shares Bought by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. lifted its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,200 shares of the company's stock after purchasing an additional 8,800 shares during the quarter. Oberweis Asset Management Inc. owned about 0.36% of Nicolet Bankshares worth $5,791,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sterling Capital Management LLC grew its position in Nicolet Bankshares by 748.7% during the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after buying an additional 292 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Nicolet Bankshares in the 4th quarter worth approximately $128,000. Summit Investment Advisors Inc. increased its stake in Nicolet Bankshares by 11.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock valued at $148,000 after purchasing an additional 140 shares in the last quarter. Franklin Resources Inc. acquired a new position in Nicolet Bankshares during the fourth quarter worth $211,000. Finally, Quantbot Technologies LP boosted its position in Nicolet Bankshares by 30.7% during the fourth quarter. Quantbot Technologies LP now owns 2,116 shares of the company's stock worth $222,000 after purchasing an additional 497 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company's stock.

Insider Activity at Nicolet Bankshares

In related news, Director Susan L. Merkatoris sold 3,700 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $108.58, for a total transaction of $401,746.00. Following the completion of the transaction, the director now owns 78,218 shares of the company's stock, valued at approximately $8,492,910.44. This represents a 4.52 % decrease in their ownership of the stock. 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 on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the completion of the transaction, the director now owns 30,317 shares in the company, valued at approximately $3,579,831.36. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,419 shares of company stock worth $2,004,493. 16.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NIC. Maxim Group lifted their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research report on Thursday, April 17th. Finally, Piper Sandler lowered their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th.

Nicolet Bankshares Price Performance

NIC stock traded up $1.23 during trading on Monday, hitting $117.04. The stock had a trading volume of 50,552 shares, compared to its average volume of 52,512. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 14.58 and a beta of 0.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The company's 50 day moving average price is $111.55 and its two-hundred day moving average price is $109.64. Nicolet Bankshares, Inc. has a 1-year low of $76.01 and a 1-year high of $121.52.

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

Nicolet Bankshares Announces Dividend

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 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Monday, March 10th. Nicolet Bankshares's dividend payout ratio is currently 13.51%.

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.