UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,856 shares of the company's stock after acquiring an additional 5,492 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Nicolet Bankshares worth $2,922,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NIC. Sterling Capital Management LLC raised its position in Nicolet Bankshares by 748.7% in the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after acquiring an additional 292 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Nicolet Bankshares in the 4th quarter worth approximately $61,000. New York State Teachers Retirement System bought a new stake in shares of Nicolet Bankshares in the 4th quarter worth approximately $128,000. Summit Investment Advisors Inc. lifted its stake in Nicolet Bankshares by 11.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock valued at $148,000 after purchasing an additional 140 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in Nicolet Bankshares in the fourth quarter valued at approximately $211,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robert Bruce Atwell sold 6,192 shares of the business's 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 transaction, the director now directly owns 33,816 shares in the company, valued at $3,917,583.60. The trade was a 15.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Merkatoris sold 3,700 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $108.58, for a total transaction of $401,746.00. Following the completion of the transaction, the director now directly owns 78,218 shares in the company, valued at approximately $8,492,910.44. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,100 shares of company stock worth $1,515,021 in the last quarter. 16.40% of the stock is owned by company insiders.

Nicolet Bankshares Stock Performance

NIC traded up $0.02 on Monday, hitting $118.04. The company's stock had a trading volume of 60,114 shares, compared to its average volume of 56,730. Nicolet Bankshares, Inc. has a 12 month low of $76.01 and a 12 month high of $125.50. The firm has a market cap of $1.78 billion, a P/E ratio of 14.70 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. The company's 50 day simple moving average is $115.61 and its 200-day simple moving average is $112.90.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its earnings results 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 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%. Analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.28 annualized dividend and a yield of 1.08%. This is an increase from Nicolet Bankshares's previous quarterly dividend of $0.28. Nicolet Bankshares's dividend payout ratio (DPR) is currently 15.44%.

Wall Street Analyst Weigh In

NIC has been the topic of several research reports. Piper Sandler lowered their target price 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. Keefe, Bruyette & Woods lifted their price objective on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a report on Thursday, April 17th.

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.