Heck Capital Advisors LLC Purchases New Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Heck Capital Advisors LLC bought a new stake in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,000 shares of the company's stock, valued at approximately $629,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Nicolet Bankshares by 170.7% in the 3rd quarter. Barclays PLC now owns 23,978 shares of the company's stock valued at $2,291,000 after buying an additional 15,121 shares during the period. Deutsche Bank AG increased its stake in shares of Nicolet Bankshares by 51.0% in the 4th quarter. Deutsche Bank AG now owns 11,506 shares of the company's stock valued at $1,207,000 after buying an additional 3,888 shares during the period. Verus Wealth Management LLC acquired a new stake in shares of Nicolet Bankshares in the 4th quarter valued at $551,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Nicolet Bankshares in the 4th quarter valued at $1,586,000. Finally, American Century Companies Inc. grew its stake in shares of Nicolet Bankshares by 10.4% during the fourth quarter. American Century Companies Inc. now owns 31,576 shares of the company's stock worth $3,313,000 after purchasing an additional 2,984 shares during the period. 43.06% of the stock is owned by institutional investors and hedge funds.

Nicolet Bankshares Trading Down 0.9%

NYSE NIC traded down $1.10 on Friday, reaching $122.80. The company had a trading volume of 75,152 shares, compared to its average volume of 55,759. The stock's 50 day moving average is $114.81 and its 200-day moving average is $112.62. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 15.29 and a beta of 0.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 52 week low of $76.01 and a 52 week high of $125.50.

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, beating 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 business had revenue of $89.43 million during the quarter, compared to the consensus estimate of $70.08 million. Equities analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 1.04%. The ex-dividend date of this dividend is Monday, June 2nd. Nicolet Bankshares's dividend payout ratio is 15.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Piper Sandler dropped their price objective on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods upped 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.

Insiders Place Their Bets

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 6,192 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $115.85, for a total value of $717,343.20. Following the completion of the sale, the director now directly owns 33,816 shares in the company, valued at $3,917,583.60. This represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Merkatoris sold 3,700 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $108.58, for a total value of $401,746.00. Following the completion of the sale, the director now owns 78,218 shares of the company's stock, valued at $8,492,910.44. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,192 shares of company stock worth $1,153,667 over the last ninety days. 16.40% of the stock is currently owned by corporate insiders.

Nicolet Bankshares Company 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.