Vest Financial LLC Purchases New Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Vest Financial LLC acquired a new stake in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,069 shares of the company's stock, valued at approximately $1,642,000. Vest Financial LLC owned about 0.10% of Nicolet Bankshares as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its stake in shares of Nicolet Bankshares by 748.7% during the 4th 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 last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Nicolet Bankshares in the 4th quarter valued at about $61,000. New York State Teachers Retirement System bought a new stake in shares of Nicolet Bankshares during the 4th quarter valued at about $128,000. Summit Investment Advisors Inc. boosted its position in shares of Nicolet Bankshares by 11.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock valued at $148,000 after acquiring an additional 140 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of Nicolet Bankshares during the 4th quarter worth $211,000. Hedge funds and other institutional investors own 43.06% of the company's stock.

Analyst Ratings Changes

NIC has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on shares of 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 decreased their price objective on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th.

Nicolet Bankshares Price Performance

Shares of NIC opened at $117.84 on Friday. 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 debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $125.50. The firm's 50-day simple moving average is $115.61 and its two-hundred day simple moving average is $112.89.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. The business had revenue of $89.43 million for the quarter, compared to analysts' expectations of $70.08 million. Analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.32 per share. This is a boost from Nicolet Bankshares's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.09%. Nicolet Bankshares's dividend payout ratio is presently 15.44%.

Insider Activity at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 6,192 shares of the firm'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 sale, the director now directly owns 33,816 shares in the company, valued at $3,917,583.60. This trade represents a 15.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Merkatoris sold 3,700 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $108.58, for a total transaction of $401,746.00. Following the transaction, the director now directly owns 78,218 shares of the company's stock, valued at $8,492,910.44. The trade was a 4.52% decrease in their ownership of the stock. 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 quarter. Company insiders own 16.40% of the company's stock.

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.

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