Nicolet Bankshares, Inc. (NYSE:NIC) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its position in Nicolet Bankshares, Inc. (NYSE:NIC) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,955 shares of the company’s stock after acquiring an additional 299 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of Nicolet Bankshares worth $2,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new position in shares of Nicolet Bankshares in the third quarter valued at approximately $528,000. Barclays PLC boosted its position in Nicolet Bankshares by 170.7% in the 3rd quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after buying an additional 15,121 shares during the period. State Street Corp grew its stake in shares of 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 acquiring an additional 13,772 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Nicolet Bankshares by 111.7% during the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock worth $3,138,000 after acquiring an additional 17,314 shares during the period. Finally, Verus Wealth Management LLC purchased a new stake in shares of Nicolet Bankshares during the fourth quarter worth $551,000. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total transaction of $859,817.00. Following the transaction, the director now owns 32,831 shares of the company’s stock, valued at $3,709,903. The trade was a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were 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 of the company’s stock, valued at $9,148,396.86. The trade was a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,781 shares of company stock valued at $2,832,698 over the last ninety days. Insiders own 16.40% of the company’s stock.

Nicolet Bankshares Stock Up 0.1 %

Shares of NYSE NIC opened at $119.98 on Tuesday. The business has a 50-day moving average of $111.16 and a two-hundred day moving average of $105.42. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.94 and a beta of 0.77. Nicolet Bankshares, Inc. has a 1 year low of $75.24 and a 1 year high of $121.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, March 10th. This represents a $1.12 annualized dividend and a yield of 0.93%. Nicolet Bankshares’s dividend payout ratio is currently 13.95%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 23rd. Piper Sandler lifted their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Maxim Group upped their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nicolet Bankshares has an average rating of “Hold” and an average price target of $119.00.

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.