SG Americas Securities LLC bought a new position in shares of Nicolet Bankshares Inc. (NYSE:NIC - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,720 shares of the company's stock, valued at approximately $405,000.
Other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC raised its position in shares of 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 purchasing an additional 292 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Nicolet Bankshares during the fourth quarter worth approximately $61,000. New York State Teachers Retirement System purchased a new stake in Nicolet Bankshares in the 4th quarter valued at $128,000. Summit Investment Advisors Inc. raised its position in Nicolet Bankshares by 11.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock valued at $148,000 after buying an additional 140 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Nicolet Bankshares in the 4th quarter valued at $211,000. 43.06% of the stock is owned by institutional investors and hedge funds.
Nicolet Bankshares Stock Up 1.0%
Shares of NYSE NIC opened at $122.11 on Wednesday. Nicolet Bankshares Inc. has a 52 week low of $77.49 and a 52 week high of $125.50. The business has a 50-day simple moving average of $119.13 and a two-hundred day simple moving average of $113.42. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. The company has a market cap of $1.84 billion, a P/E ratio of 14.73 and a beta of 0.76.
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 (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. The firm had revenue of $89.43 million during the quarter, compared to the consensus estimate of $70.08 million. Nicolet Bankshares had a return on equity of 11.08% and a net margin of 24.31%. Research analysts anticipate that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current fiscal year.
Nicolet Bankshares Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Monday, June 2nd. This is an increase from Nicolet Bankshares's previous quarterly dividend of $0.28. Nicolet Bankshares's dividend payout ratio (DPR) is 15.44%.
Insider Buying and Selling
In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,126 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $118.30, for a total value of $369,805.80. Following the transaction, the director now directly owns 34,220 shares of the company's stock, valued at $4,048,226. The trade was a 8.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Merkatoris sold 3,700 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, April 21st. The stock was 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. Insiders sold 16,226 shares of company stock worth $1,884,826 in the last quarter. 14.20% of the stock is owned by insiders.
Analyst Ratings Changes
NIC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their price target on 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 lowered their price target on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th.
Get Our Latest Analysis on Nicolet Bankshares
About Nicolet Bankshares
(
Free Report)
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.
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