Nicolet Bankshares, Inc. (NYSE:NIC) Shares Purchased by State Street Corp

State Street Corp grew its position in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 381,755 shares of the company's stock after purchasing an additional 13,772 shares during the quarter. State Street Corp owned approximately 2.51% of Nicolet Bankshares worth $36,507,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in Nicolet Bankshares by 9.9% in the second quarter. Principal Financial Group Inc. now owns 6,167 shares of the company's stock valued at $512,000 after purchasing an additional 555 shares during the last quarter. Creative Planning boosted its holdings in shares of Nicolet Bankshares by 6.6% in the 3rd quarter. Creative Planning now owns 12,484 shares of the company's stock valued at $1,194,000 after buying an additional 777 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Nicolet Bankshares in the 2nd quarter valued at $67,000. BNP Paribas Financial Markets raised its stake in Nicolet Bankshares by 31.0% during 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 in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Nicolet Bankshares by 7.9% in the third quarter. Fisher Asset Management LLC now owns 14,978 shares of the company's stock valued at $1,432,000 after acquiring an additional 1,092 shares during the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NIC. Maxim Group raised their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods upped their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $112.00.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $101.01, for a total transaction of $252,525.00. Following the transaction, the director now owns 33,315 shares in the company, valued at approximately $3,365,148.15. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brad Vincent Hutjens sold 1,079 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $102.85, for a total value of $110,975.15. Following the transaction, the executive vice president now directly owns 26,674 shares of the company's stock, valued at approximately $2,743,420.90. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,507 shares of company stock valued at $9,626,332. 16.40% of the stock is owned by company insiders.

Nicolet Bankshares Stock Performance

NYSE NIC traded up $0.50 during trading on Friday, reaching $106.01. The company's stock had a trading volume of 112,449 shares, compared to its average volume of 43,773. The business's fifty day moving average price is $108.13 and its 200-day moving average price is $96.66. Nicolet Bankshares, Inc. has a twelve month low of $73.00 and a twelve month high of $116.17. 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 firm has a market cap of $1.61 billion, a price-to-earnings ratio of 13.49 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The firm had revenue of $91.24 million during the quarter, compared to the consensus estimate of $86.50 million. As a group, analysts anticipate that Nicolet Bankshares, Inc. will post 7.61 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.28 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.06%. Nicolet Bankshares's dividend payout ratio (DPR) is 14.25%.

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.