UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.92 Million Stake in Nicolet Bankshares, Inc. (NYSE:NIC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 24.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,856 shares of the company's stock after buying an additional 5,492 shares during the quarter. 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.

Other hedge funds have also modified their holdings of the company. Anchor Capital Advisors LLC grew its position in shares of Nicolet Bankshares by 0.4% in the fourth quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company's stock valued at $2,450,000 after purchasing an additional 97 shares during the period. Rafferty Asset Management LLC grew its position in shares of Nicolet Bankshares by 1.4% in the fourth quarter. Rafferty Asset Management LLC now owns 8,531 shares of the company's stock valued at $895,000 after purchasing an additional 120 shares during the period. Summit Investment Advisors Inc. grew its position in shares of 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 period. Advisory Research Inc. grew its position in shares of Nicolet Bankshares by 0.3% in the fourth quarter. Advisory Research Inc. now owns 44,723 shares of the company's stock valued at $4,692,000 after purchasing an additional 155 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Nicolet Bankshares by 2.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,815 shares of the company's stock valued at $610,000 after purchasing an additional 157 shares during the period. 43.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Nicolet Bankshares Price Performance

Shares of NYSE NIC traded up $2.08 during mid-day trading on Friday, reaching $117.84. The company had a trading volume of 50,986 shares, compared to its average volume of 56,575. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.78 billion, a PE ratio of 14.67 and a beta of 0.76. The company has a 50-day moving average price of $115.61 and a two-hundred day moving average price of $112.86. Nicolet Bankshares, Inc. has a 1-year low of $76.01 and a 1-year high of $125.50.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued 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. 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 for the quarter, compared to the consensus estimate of $70.08 million. On average, equities analysts anticipate 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. Shareholders of record on Monday, June 2nd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.09%. This is a boost from Nicolet Bankshares's previous quarterly dividend of $0.28. Nicolet Bankshares's dividend payout ratio is presently 15.44%.

Insider Buying and Selling at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 6,192 shares of the business's stock in a transaction 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 sale, the director now owns 33,816 shares of the company's stock, valued at $3,917,583.60. The trade was a 15.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Merkatoris sold 3,700 shares of the business's stock in a transaction 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 sale, the director now directly owns 78,218 shares in the company, valued at approximately $8,492,910.44. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,100 shares of company stock worth $1,515,021 over the last 90 days. Insiders own 16.40% of the company's stock.

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.