Jane Street Group LLC Has $585,000 Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Jane Street Group LLC cut its holdings in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,578 shares of the company's stock after selling 4,446 shares during the quarter. Jane Street Group LLC's holdings in Nicolet Bankshares were worth $585,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Anchor Capital Advisors LLC grew its position in Nicolet Bankshares by 0.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company's stock worth $2,450,000 after buying an additional 97 shares during the period. Summit Investment Advisors Inc. grew its position in Nicolet Bankshares by 11.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock worth $148,000 after buying an additional 140 shares during the period. Advisory Research Inc. grew its position in Nicolet Bankshares by 0.3% during the fourth quarter. Advisory Research Inc. now owns 44,723 shares of the company's stock worth $4,692,000 after buying an additional 155 shares during the period. Envestnet Asset Management Inc. grew its position in Nicolet Bankshares by 2.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,815 shares of the company's stock worth $610,000 after buying an additional 157 shares during the period. Finally, Sterling Capital Management LLC grew its position in Nicolet Bankshares by 748.7% during the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after buying an additional 292 shares during the period. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NIC shares. Keefe, Bruyette & Woods upped their target price on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the stock 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 on the stock in a report on Wednesday, April 16th.

Nicolet Bankshares Trading Down 0.9%

Shares of Nicolet Bankshares stock traded down $1.10 during trading hours on Friday, hitting $122.80. The company's stock had a trading volume of 75,152 shares, compared to its average volume of 55,759. Nicolet Bankshares, Inc. has a 1-year low of $76.01 and a 1-year high of $125.50. The business has a fifty day moving average of $114.81 and a 200 day moving average of $112.63. The company has a market capitalization of $1.85 billion, a PE 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 (NYSE:NIC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. The business had revenue of $89.43 million during the quarter, compared to analyst estimates of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, equities analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 yield of 1.04%. This is an increase from Nicolet Bankshares's previous quarterly dividend of $0.28. The ex-dividend date is Monday, June 2nd. Nicolet Bankshares's dividend payout ratio is 15.44%.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Susan L. Merkatoris sold 3,700 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $108.58, for a total value of $401,746.00. Following the transaction, the director now directly owns 78,218 shares in the company, valued at approximately $8,492,910.44. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $717,343.20. Following the completion of the sale, the director now directly owns 33,816 shares in the company, valued at approximately $3,917,583.60. This trade represents a 15.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,192 shares of company stock worth $1,153,667 in the last ninety days. 16.40% of the stock is owned by 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.