Creative Planning Purchases 777 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Creative Planning lifted its holdings in Nicolet Bankshares, Inc. (NYSE:NIC) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,484 shares of the company’s stock after acquiring an additional 777 shares during the period. Creative Planning owned approximately 0.08% of Nicolet Bankshares worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in Nicolet Bankshares by 2,480.2% during the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after purchasing an additional 157,566 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Nicolet Bankshares by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after buying an additional 16,952 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in shares of Nicolet Bankshares during the 1st quarter worth approximately $1,041,000. Vanguard Group Inc. increased its stake in shares of Nicolet Bankshares by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock valued at $60,704,000 after acquiring an additional 8,213 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Nicolet Bankshares during the 1st quarter valued at $483,000. 43.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 1,079 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $102.85, for a total transaction of $110,975.15. Following the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $2,743,420.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael E. Daniels sold 8,003 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $98.98, for a total value of $792,136.94. Following the sale, the chief executive officer now directly owns 72,402 shares in the company, valued at approximately $7,166,349.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brad Vincent Hutjens sold 1,079 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $102.85, for a total transaction of $110,975.15. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at approximately $2,743,420.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,142 shares of company stock valued at $3,685,043 over the last ninety days. 16.40% of the stock is currently owned by insiders.

Nicolet Bankshares Stock Down 1.2 %

Shares of NYSE NIC opened at $101.69 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. The company has a 50-day moving average price of $97.24 and a 200-day moving average price of $88.95. The stock has a market capitalization of $1.52 billion, a P/E ratio of 12.94 and a beta of 0.76. Nicolet Bankshares, Inc. has a 1 year low of $71.51 and a 1 year high of $105.00.

Nicolet Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NIC. Piper Sandler raised their price target on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Stephens raised their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, Maxim Group increased their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $106.00.

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.