Barclays PLC Purchases 15,121 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Barclays PLC lifted its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 170.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,978 shares of the company’s stock after acquiring an additional 15,121 shares during the period. Barclays PLC owned approximately 0.16% of Nicolet Bankshares worth $2,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Nicolet Bankshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after purchasing an additional 16,952 shares in the last quarter. State Street Corp lifted its holdings in shares of Nicolet Bankshares by 3.7% during the third quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after purchasing an additional 13,772 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Nicolet Bankshares during the third quarter valued at $528,000. SG Americas Securities LLC bought a new stake in Nicolet Bankshares in the 3rd quarter worth about $412,000. Finally, PDT Partners LLC purchased a new position in Nicolet Bankshares in the 3rd quarter worth about $412,000. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NIC. Maxim Group raised their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods raised their target price on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $112.00.

Nicolet Bankshares Trading Up 0.6 %

Shares of NYSE:NIC opened at $106.32 on Thursday. The stock’s 50-day simple moving average is $108.48 and its two-hundred day simple moving average is $97.23. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 13.53 and a beta of 0.76. Nicolet Bankshares, Inc. has a 52-week low of $73.00 and a 52-week 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) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The company had revenue of $91.24 million for the quarter, compared to the consensus estimate of $86.50 million. Analysts expect that Nicolet Bankshares, Inc. will post 7.61 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.28 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.05%. Nicolet Bankshares’s dividend payout ratio (DPR) is 14.25%.

Insider Buying and Selling

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $115.30, for a total value of $691,800.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at $3,075,512.20. This represents a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Bruce Atwell sold 2,500 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 33,315 shares of the company’s stock, valued at approximately $3,365,148.15. This trade represents a 6.98 % 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.

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.