Dimensional Fund Advisors LP Raises Stock Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Dimensional Fund Advisors LP raised its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 641,740 shares of the company's stock after purchasing an additional 21,819 shares during the period. Dimensional Fund Advisors LP owned 4.22% of Nicolet Bankshares worth $67,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC raised its holdings in Nicolet Bankshares by 748.7% during the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock valued at $35,000 after buying an additional 292 shares during the period. New York State Teachers Retirement System bought a new position in Nicolet Bankshares during the fourth quarter valued at $128,000. Summit Investment Advisors Inc. raised its stake in shares of Nicolet Bankshares by 11.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock valued at $148,000 after acquiring an additional 140 shares during the period. Franklin Resources Inc. bought a new stake in shares of Nicolet Bankshares in the 4th quarter worth about $211,000. Finally, Quantbot Technologies LP boosted its stake in shares of 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 purchasing an additional 497 shares during the period. 43.06% of the stock is owned by institutional investors.

Insider Activity

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 300 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the sale, the director now owns 81,918 shares of the company's stock, valued at approximately $9,441,868.68. This trade represents a 0.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Bruce Atwell sold 3,975 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total value of $469,368.00. Following the completion of the transaction, the director now directly owns 30,317 shares of the company's stock, valued at approximately $3,579,831.36. The trade was a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,269 shares of company stock worth $1,987,986. Company insiders own 16.40% of the company's stock.

Nicolet Bankshares Trading Down 0.8 %

Nicolet Bankshares stock traded down $1.00 during trading hours on Tuesday, hitting $119.55. The company had a trading volume of 5,086 shares, compared to its average volume of 52,627. 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 has a market cap of $1.80 billion, a P/E ratio of 14.97 and a beta of 0.76. The company has a 50-day moving average price of $111.65 and a two-hundred day moving average price of $110.39. Nicolet Bankshares, Inc. has a 1 year low of $76.01 and a 1 year high of $121.91.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $70.08 million. On average, sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares's payout ratio is 13.51%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Maxim Group raised their price objective 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 decreased their price target on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a report on Thursday, April 17th.

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.