Teacher Retirement System of Texas Buys 16,308 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Teacher Retirement System of Texas increased its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 284.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,035 shares of the company's stock after purchasing an additional 16,308 shares during the quarter. Teacher Retirement System of Texas owned 0.14% of Nicolet Bankshares worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Anchor Capital Advisors LLC lifted its stake in Nicolet Bankshares by 0.4% during the 4th quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company's stock valued at $2,450,000 after acquiring an additional 97 shares during the period. Rhumbline Advisers lifted its position in Nicolet Bankshares by 1.5% during the fourth quarter. Rhumbline Advisers now owns 19,955 shares of the company's stock valued at $2,093,000 after purchasing an additional 299 shares during the period. Swiss National Bank lifted its position in Nicolet Bankshares by 1.5% during the fourth quarter. Swiss National Bank now owns 26,600 shares of the company's stock valued at $2,791,000 after purchasing an additional 400 shares during the period. Merit Financial Group LLC boosted its holdings in Nicolet Bankshares by 1.7% in 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 during the last quarter. Finally, Bank of New York Mellon Corp grew its position 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. 43.06% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on NIC shares. Keefe, Bruyette & Woods increased their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the company a "market perform" rating in a report on Thursday, January 23rd. Piper Sandler increased their target price on Nicolet Bankshares from $119.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Finally, Maxim Group boosted their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd.

Insiders Place Their Bets

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,975 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total transaction of $469,368.00. Following the sale, the director now directly owns 30,317 shares of the company's stock, valued at $3,579,831.36. This trade represents a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $34,578.00. Following the completion of the transaction, the director now directly owns 81,918 shares of the company's stock, valued at approximately $9,441,868.68. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,527 shares of company stock worth $996,674 over the last three months. 16.40% of the stock is currently owned by company insiders.

Nicolet Bankshares Stock Performance

Shares of NYSE:NIC traded down $2.95 during midday trading on Friday, hitting $109.27. The company had a trading volume of 52,072 shares, compared to its average volume of 50,209. Nicolet Bankshares, Inc. has a 12-month low of $75.24 and a 12-month high of $121.52. The company has a fifty day moving average of $114.32 and a two-hundred day moving average of $107.72. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 13.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

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

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares's dividend payout ratio is currently 13.95%.

Nicolet Bankshares Company 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.