Millennium Management LLC Sells 5,870 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Millennium Management LLC decreased its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 27.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,445 shares of the company's stock after selling 5,870 shares during the period. Millennium Management LLC owned about 0.10% of Nicolet Bankshares worth $1,620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Nicolet Bankshares by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,617 shares of the company's stock worth $799,000 after acquiring an additional 321 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Nicolet Bankshares by 5.1% during the 4th quarter. Janus Henderson Group PLC now owns 180,218 shares of the company's stock worth $18,907,000 after acquiring an additional 8,698 shares during the period. Deutsche Bank AG grew its holdings in shares of Nicolet Bankshares by 51.0% during the 4th quarter. Deutsche Bank AG now owns 11,506 shares of the company's stock worth $1,207,000 after acquiring an additional 3,888 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Nicolet Bankshares by 72.5% during the 4th quarter. Cubist Systematic Strategies LLC now owns 9,610 shares of the company's stock worth $1,008,000 after acquiring an additional 4,040 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $240,000. Hedge funds and other institutional investors own 43.06% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NIC shares. Keefe, Bruyette & Woods upped their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research note on Thursday, April 17th. Piper Sandler cut their price target on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th.

Nicolet Bankshares Stock Up 1.8%

Shares of Nicolet Bankshares stock traded up $2.08 during midday trading on Friday, hitting $117.84. The company had a trading volume of 50,986 shares, compared to its average volume of 56,575. 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 stock has a market capitalization of $1.78 billion, a P/E ratio of 14.67 and a beta of 0.76. The company has a 50 day moving average of $115.61 and a 200 day moving average of $112.86. 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 posted its quarterly earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.14. The company had revenue of $89.43 million for the quarter, compared to the consensus estimate 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 predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share 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. Investors of record on Monday, June 2nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Nicolet Bankshares's previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.09%. Nicolet Bankshares's dividend payout ratio is 15.44%.

Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 6,192 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $115.85, for a total value of $717,343.20. Following the transaction, the director now directly owns 33,816 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, Director Susan L. Merkatoris sold 3,700 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $108.58, for a total value of $401,746.00. Following the completion of the transaction, the director now directly owns 78,218 shares in the company, 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. In the last three months, insiders have sold 13,100 shares of company stock valued at $1,515,021. 16.40% of the stock is 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.