Bank of New York Mellon Corp Acquires 950 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Bank of New York Mellon Corp grew its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,247 shares of the company’s stock after buying an additional 950 shares during the period. Bank of New York Mellon Corp owned 0.38% of Nicolet Bankshares worth $6,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in NIC. FMR LLC increased its stake in Nicolet Bankshares by 0.5% in the 3rd quarter. FMR LLC now owns 589,766 shares of the company’s stock worth $56,399,000 after acquiring an additional 2,654 shares during the last quarter. State Street Corp increased its position in Nicolet Bankshares by 3.7% in the third quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after purchasing an additional 13,772 shares during the last quarter. Geode Capital Management LLC raised its stake in Nicolet Bankshares by 1.6% during the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock valued at $29,019,000 after purchasing an additional 4,911 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Nicolet Bankshares by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock worth $11,132,000 after acquiring an additional 3,650 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in Nicolet Bankshares by 1.7% during the fourth quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock worth $3,624,000 after acquiring an additional 592 shares during the last quarter. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nicolet Bankshares

In related news, Director Susan L. Merkatoris sold 1,000 shares of Nicolet Bankshares stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $111.27, for a total value of $111,270.00. Following the completion of the sale, the director now directly owns 82,218 shares in the company, valued at $9,148,396.86. The trade was a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Bruce Atwell sold 3,975 shares of the company’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 completion of the sale, the director now directly owns 30,317 shares of the company’s stock, valued at approximately $3,579,831.36. This trade represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,527 shares of company stock valued at $996,674 in the last three months. Company insiders own 16.40% of the company’s stock.

Nicolet Bankshares Trading Up 2.1 %

Shares of NYSE NIC opened at $112.17 on Monday. Nicolet Bankshares, Inc. has a fifty-two week low of $75.24 and a fifty-two week high of $121.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 13.97 and a beta of 0.76. The business’s 50 day moving average price is $112.62 and its 200-day moving average price is $106.58.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, beating 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%. On average, sell-side analysts expect that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. Nicolet Bankshares’s payout ratio is 13.95%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 23rd. Maxim Group raised their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research 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 company a “neutral” rating in a research report on Wednesday, January 22nd.

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.