Heck Capital Advisors LLC Acquires Shares of 6,000 Nicolet Bankshares, Inc. (NYSE:NIC)

Heck Capital Advisors LLC bought a new stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,000 shares of the company's stock, valued at approximately $629,000.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of Nicolet Bankshares by 132.8% during the 4th quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company's stock valued at $8,014,000 after acquiring an additional 43,567 shares during the period. Renaissance Technologies LLC bought a new stake in Nicolet Bankshares during the fourth quarter valued at about $2,474,000. Dimensional Fund Advisors LP increased its position in Nicolet Bankshares by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company's stock worth $67,325,000 after buying an additional 21,819 shares in the last quarter. Martingale Asset Management L P bought a new position in shares of Nicolet Bankshares in the fourth quarter worth about $1,898,000. Finally, Teacher Retirement System of Texas lifted its position in shares of Nicolet Bankshares by 284.8% during the 4th quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company's stock valued at $2,312,000 after buying an additional 16,308 shares in the last quarter. 43.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NIC has been the topic of a number of recent analyst reports. 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 note on Wednesday, April 16th. Keefe, Bruyette & Woods increased their target price 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.

Nicolet Bankshares Stock Up 0.2%

NYSE NIC traded up $0.20 during trading on Thursday, hitting $124.04. The company's stock had a trading volume of 48,135 shares, compared to its average volume of 55,311. The business's 50 day simple moving average is $114.36 and its 200-day simple moving average is $112.49. Nicolet Bankshares, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $126.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $1.87 billion, a PE ratio of 15.45 and a beta of 0.76.

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

Nicolet Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a $0.32 dividend. This is an increase from Nicolet Bankshares's previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, June 2nd. Nicolet Bankshares's dividend payout ratio is 15.44%.

Insider Activity

In other news, Director Robert Bruce Atwell sold 6,192 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $115.85, for a total transaction of $717,343.20. Following the sale, the director now directly owns 33,816 shares of the company's stock, valued at $3,917,583.60. This represents a 15.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan L. Merkatoris sold 300 shares of Nicolet Bankshares stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $115.26, for a total value of $34,578.00. Following the completion of the transaction, the director now owns 81,918 shares of the company's stock, valued at approximately $9,441,868.68. This represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,192 shares of company stock valued at $1,153,667 in the last ninety days. 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.