Vest Financial LLC Makes New $1.64 Million Investment in Nicolet Bankshares, Inc. (NYSE:NIC)

Vest Financial LLC purchased a new position in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NIC. Barclays PLC increased its position in shares of Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company's stock worth $2,291,000 after buying an additional 15,121 shares during the period. Deutsche Bank AG raised its position in shares of Nicolet Bankshares by 51.0% in 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 in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in Nicolet Bankshares during the fourth quarter worth approximately $1,586,000. American Century Companies Inc. increased its holdings in Nicolet Bankshares by 10.4% in the fourth quarter. American Century Companies Inc. now owns 31,576 shares of the company's stock worth $3,313,000 after purchasing an additional 2,984 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Nicolet Bankshares by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,617 shares of the company's stock worth $799,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 43.06% of the company's stock.

Nicolet Bankshares Stock Down 1.0%

Shares of NIC traded down $1.25 during trading hours on Wednesday, reaching $119.35. The stock had a trading volume of 33,730 shares, compared to its average volume of 56,756. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.87 and a beta of 0.76. The firm has a 50-day simple moving average of $116.13 and a 200 day simple moving average of $112.99. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 12 month low of $76.01 and a 12 month high of $125.50.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its earnings results 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. The company had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Equities research analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given 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 is Monday, June 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.07%. Nicolet Bankshares's payout ratio is presently 15.44%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NIC shares. Keefe, Bruyette & Woods increased their target price 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 cut 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.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 3,700 shares of the stock in a transaction dated 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 owns 78,218 shares in the company, valued at approximately $8,492,910.44. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Bruce Atwell sold 3,208 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $123.42, for a total value of $395,931.36. Following the completion of the transaction, the director now directly owns 34,220 shares of the company's stock, valued at approximately $4,223,432.40. This represents a 8.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,226 shares of company stock valued at $1,884,826 over the last 90 days. 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.