4,056 Shares in Nicolet Bankshares, Inc. (NYSE:NIC) Bought by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC bought a new position in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,056 shares of the company's stock, valued at approximately $426,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NIC. Sterling Capital Management LLC lifted its holdings in shares of Nicolet Bankshares by 748.7% in the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after purchasing an additional 292 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Nicolet Bankshares during the fourth quarter valued at $128,000. Summit Investment Advisors Inc. grew its position in shares of Nicolet Bankshares by 11.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock worth $148,000 after acquiring an additional 140 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Nicolet Bankshares in the 4th quarter worth about $211,000. Finally, Quantbot Technologies LP lifted its position in Nicolet Bankshares by 30.7% in the 4th quarter. Quantbot Technologies LP now owns 2,116 shares of the company's stock valued at $222,000 after purchasing an additional 497 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,102 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $117.65, for a total value of $364,950.30. Following the completion of the sale, the director now directly owns 33,816 shares in the company, valued at $3,978,452.40. The trade was a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Merkatoris sold 1,000 shares of Nicolet Bankshares stock in a transaction on Monday, January 27th. The shares were sold at an average price of $111.27, for a total transaction 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 approximately $9,148,396.86. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,227 shares of company stock valued at $1,398,420 in the last quarter. Company insiders own 16.40% of the company's stock.

Nicolet Bankshares Price Performance

Shares of NYSE NIC traded up $0.88 during mid-day trading on Thursday, reaching $116.94. The company had a trading volume of 13,773 shares, compared to its average volume of 67,710. Nicolet Bankshares, Inc. has a 1-year low of $76.01 and a 1-year high of $121.52. The stock has a market cap of $1.78 billion, a PE ratio of 14.56 and a beta of 0.69. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $111.62 and a two-hundred day moving average price of $109.08.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. The firm had revenue of $89.43 million during the quarter, compared to analyst estimates of $70.08 million. On average, equities analysts anticipate 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 was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Monday, March 10th. Nicolet Bankshares's payout ratio is presently 13.51%.

Analysts Set New Price Targets

NIC has been the topic of several analyst reports. Piper Sandler dropped their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods boosted their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research report on Thursday, April 17th. Finally, Maxim Group increased their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd.

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.