Stifel Financial Corp Has $1.52 Million Stock Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Stifel Financial Corp cut its holdings in Nicolet Bankshares, Inc. (NYSE:NIC) by 1.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,846 shares of the company’s stock after selling 164 shares during the period. Stifel Financial Corp owned about 0.10% of Nicolet Bankshares worth $1,515,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NIC. FMR LLC boosted its stake in shares of Nicolet Bankshares by 0.5% during the 3rd quarter. FMR LLC now owns 589,766 shares of the company’s stock worth $56,399,000 after buying an additional 2,654 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 16,952 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nicolet Bankshares by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock valued at $11,132,000 after buying an additional 3,650 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $5,479,000 after buying an additional 4,007 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Nicolet Bankshares by 11.0% in the 2nd quarter. American Century Companies Inc. now owns 24,804 shares of the company’s stock valued at $2,060,000 after acquiring an additional 2,468 shares during the period. Institutional investors own 43.06% of the company’s stock.

Insider Activity

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 13,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $106.35, for a total transaction of $1,435,725.00. Following the completion of the sale, the executive vice president now owns 26,674 shares of the company’s stock, valued at approximately $2,836,779.90. This represents a 33.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares 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 transaction, the director now directly owns 33,315 shares of the company’s stock, valued at $3,365,148.15. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,507 shares of company stock worth $9,626,332. Corporate insiders own 16.40% of the company’s stock.

Nicolet Bankshares Price Performance

NYSE:NIC opened at $106.01 on Friday. 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. The firm’s 50-day simple moving average is $108.13 and its 200 day simple moving average is $96.66. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 13.49 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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. As a group, sell-side analysts predict that Nicolet Bankshares, Inc. will post 7.61 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.06%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 14.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Maxim Group raised their price target on 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 increased their price target on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $112.00.

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.