Verus Wealth Management LLC Acquires Shares of 5,250 Nicolet Bankshares, Inc. (NYSE:NIC)

Verus Wealth Management LLC acquired a new position in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,250 shares of the company's stock, valued at approximately $551,000.

Several other large investors have also bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Nicolet Bankshares during the third quarter worth about $155,000. Virtu Financial LLC purchased a new position in shares of Nicolet Bankshares during the third quarter valued at approximately $264,000. Quest Partners LLC boosted its position in shares of Nicolet Bankshares by 858.0% in the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company's stock worth $279,000 after purchasing an additional 2,617 shares in the last quarter. BNP Paribas Financial Markets increased its position in Nicolet Bankshares by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company's stock valued at $408,000 after buying an additional 1,010 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Nicolet Bankshares during the third quarter valued at $412,000. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Stock Performance

Shares of NIC stock traded down $0.04 during trading hours on Wednesday, reaching $110.40. The company had a trading volume of 39,414 shares, compared to its average volume of 47,123. The firm has a market cap of $1.68 billion, a PE ratio of 13.75 and a beta of 0.77. The business has a fifty day moving average price of $108.29 and a 200-day moving average price of $101.65. Nicolet Bankshares, Inc. has a one year low of $73.00 and a one year 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.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Sell-side analysts predict that Nicolet Bankshares, Inc. will post 8.1 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares's payout ratio is 13.95%.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,446 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.00, for a total transaction of $389,398.00. Following the sale, the director now directly owns 32,831 shares of the company's stock, valued at $3,709,903. This trade represents a 9.50 % 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, EVP Brad Vincent Hutjens sold 13,500 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.35, for a total value of $1,435,725.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares of the company's stock, valued at approximately $2,836,779.90. This trade represents a 33.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,368 shares of company stock worth $6,844,696 in the last three months. Corporate insiders own 16.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NIC shares. Maxim Group raised their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a "market perform" rating in a report on Thursday, January 23rd. Finally, Piper Sandler boosted their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $119.00.

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.