Barclays PLC Buys 3,611 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

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

A number of other institutional investors and hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Nicolet Bankshares by 132.8% in the 4th quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company's stock valued at $8,014,000 after purchasing an additional 43,567 shares during the period. Renaissance Technologies LLC bought a new position in Nicolet Bankshares during the fourth quarter valued at about $2,474,000. Martingale Asset Management L P purchased a new stake in Nicolet Bankshares during the fourth quarter worth about $1,898,000. Teacher Retirement System of Texas raised its position in Nicolet Bankshares by 284.8% in the fourth quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company's stock worth $2,312,000 after acquiring an additional 16,308 shares during the period. Finally, Jackson Creek Investment Advisors LLC bought a new stake in Nicolet Bankshares in the fourth quarter worth about $1,586,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NIC. Maxim Group raised their price target 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. Piper Sandler lowered their target price on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods increased their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research note on Thursday, April 17th.

Nicolet Bankshares Stock Performance

NIC traded up $3.55 on Friday, hitting $121.11. The company's stock had a trading volume of 51,320 shares, compared to its average volume of 52,736. Nicolet Bankshares, Inc. has a 12 month low of $76.01 and a 12 month high of $121.52. The firm has a market cap of $1.84 billion, a P/E ratio of 15.08 and a beta of 0.69. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The company's 50 day simple moving average is $111.52 and its 200-day simple moving average is $110.03.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its quarterly earnings results 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 return on equity of 10.95% and a net margin of 23.83%. The firm had revenue of $89.43 million during the quarter, compared to analyst estimates of $70.08 million. Analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

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

Insiders Place Their Bets

In other news, Director Robert Bruce Atwell sold 6,192 shares of the business's 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 completion of the transaction, the director now owns 33,816 shares of the company's stock, valued at approximately $3,917,583.60. The trade was a 15.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Merkatoris sold 300 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the sale, the director now directly owns 81,918 shares in the company, valued at $9,441,868.68. This represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,269 shares of company stock worth $1,987,986 in the last three months. 16.40% of the stock is currently owned by corporate insiders.

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.