UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,984 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 21.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,364 shares of the company's stock after selling 5,984 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of Nicolet Bankshares worth $2,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NIC. Dimensional Fund Advisors LP lifted its stake in Nicolet Bankshares by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company's stock valued at $48,783,000 after acquiring an additional 16,952 shares during the period. Los Angeles Capital Management LLC bought a new position in Nicolet Bankshares during the third quarter valued at approximately $528,000. Creative Planning boosted its holdings in Nicolet Bankshares by 6.6% in the third quarter. Creative Planning now owns 12,484 shares of the company's stock worth $1,194,000 after purchasing an additional 777 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Nicolet Bankshares by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company's stock worth $5,479,000 after purchasing an additional 4,007 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Nicolet Bankshares by 9.9% in the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company's stock worth $512,000 after purchasing an additional 555 shares during the period. 43.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Maxim Group raised their target price on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $112.00.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 4,560 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $102.85, for a total value of $468,996.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at $2,743,420.90. This represents a 14.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $103.22, for a total transaction of $300,163.76. Following the sale, the director now owns 35,815 shares in the company, valued at approximately $3,696,824.30. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,507 shares of company stock valued at $9,626,332 over the last 90 days. 16.40% of the stock is currently owned by corporate insiders.

Nicolet Bankshares Stock Performance

Shares of NYSE:NIC traded up $1.31 during midday trading on Monday, hitting $113.46. The company had a trading volume of 35,275 shares, compared to its average volume of 43,418. Nicolet Bankshares, Inc. has a 12-month low of $73.00 and a 12-month high of $116.17. The company has a fifty day moving average of $106.63 and a two-hundred day moving average of $95.76. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 14.27 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, October 15th. The company reported $2.04 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The business had revenue of $91.24 million during the quarter, compared to analysts' expectations of $86.50 million. On average, equities research analysts expect that Nicolet Bankshares, Inc. will post 7.61 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Monday, December 2nd. Nicolet Bankshares's payout ratio is 14.25%.

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.