2,285 Shares in Nicolet Bankshares, Inc. (NYSE:NIC) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new stake in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,285 shares of the company's stock, valued at approximately $240,000.

A number of other large investors have also recently added to or reduced their stakes in NIC. Barclays PLC boosted its stake in shares of Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company's stock worth $2,291,000 after buying an additional 15,121 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Nicolet Bankshares by 111.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company's stock worth $3,138,000 after purchasing an additional 17,314 shares in the last quarter. Merit Financial Group LLC grew its stake in Nicolet Bankshares by 1.7% in the 4th quarter. Merit Financial Group LLC now owns 34,543 shares of the company's stock worth $3,624,000 after acquiring an additional 592 shares during the period. Verus Wealth Management LLC acquired a new position in shares of Nicolet Bankshares in the 4th quarter valued at $551,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Nicolet Bankshares during the 4th quarter valued at $629,000. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NIC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a research report on Thursday, April 17th. Piper Sandler reduced their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Maxim Group lifted their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd.

Nicolet Bankshares Price Performance

Shares of NYSE NIC traded up $0.47 during trading on Thursday, reaching $123.44. The company had a trading volume of 24,635 shares, compared to its average volume of 54,904. Nicolet Bankshares, Inc. has a 52 week low of $76.01 and a 52 week high of $125.05. The stock has a market cap of $1.86 billion, a PE ratio of 15.37 and a beta of 0.76. 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 business's 50 day moving average price is $113.38 and its 200-day moving average price is $111.95.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Analysts expect that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Monday, June 2nd. This is a boost from Nicolet Bankshares's previous quarterly dividend of $0.28. Nicolet Bankshares's dividend payout ratio (DPR) is currently 13.51%.

Insider Buying and Selling

In other news, Director Susan L. Merkatoris sold 300 shares of Nicolet Bankshares stock in a transaction on 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 sale, the director now owns 81,918 shares in the company, valued at $9,441,868.68. The trade was a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Bruce Atwell sold 6,192 shares of Nicolet Bankshares stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $115.85, for a total transaction of $717,343.20. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 13,294 shares of company stock valued at $1,518,618. 16.40% of the stock is owned by company insiders.

About Nicolet Bankshares

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.