Nicolet Bankshares, Inc. (NYSE:NIC) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,589 shares of the company's stock after purchasing an additional 3,611 shares during the period. Barclays PLC owned 0.18% of Nicolet Bankshares worth $2,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased 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 valued at $35,000 after acquiring an additional 292 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Nicolet Bankshares during the fourth quarter worth about $128,000. Summit Investment Advisors Inc. grew its holdings 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 buying an additional 140 shares during the last quarter. Franklin Resources Inc. purchased a new stake in Nicolet Bankshares during the 4th quarter valued at approximately $211,000. Finally, Quantbot Technologies LP lifted its position in Nicolet Bankshares by 30.7% during the 4th quarter. Quantbot Technologies LP now owns 2,116 shares of the company's stock worth $222,000 after acquiring an additional 497 shares during the period. Institutional investors and hedge funds own 43.06% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on NIC. Maxim Group raised their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a research note on Thursday, April 17th. Finally, Piper Sandler decreased their target price on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th.

Nicolet Bankshares Price Performance

NIC stock traded up $0.81 during midday trading on Monday, hitting $121.77. 3,472 shares of the stock were exchanged, compared to its average volume of 52,691. 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 stock has a market cap of $1.85 billion, a price-to-earnings ratio of 15.19 and a beta of 0.69. Nicolet Bankshares, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $122.09. The stock's 50-day moving average price is $111.59 and its 200-day moving average price is $110.26.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.96 by $0.14. The business had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Research analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares's dividend payout ratio (DPR) is presently 13.51%.

Insiders Place Their Bets

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 3,700 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $108.58, for a total value of $401,746.00. Following the transaction, the director now directly owns 78,218 shares in the company, valued at approximately $8,492,910.44. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Bruce Atwell sold 6,192 shares of Nicolet Bankshares stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $115.85, for a total transaction of $717,343.20. Following the sale, the director now owns 33,816 shares of the company's stock, valued at approximately $3,917,583.60. This trade represents a 15.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,269 shares of company stock valued at $1,987,986. Corporate insiders own 16.40% of the company's stock.

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.