Wealth Enhancement Advisory Services LLC Has $4.08 Million Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Wealth Enhancement Advisory Services LLC lowered its stake in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,932 shares of the company's stock after selling 4,232 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.26% of Nicolet Bankshares worth $4,084,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Nicolet Bankshares by 170.7% during the 3rd quarter. Barclays PLC now owns 23,978 shares of the company's stock valued at $2,291,000 after acquiring an additional 15,121 shares during the period. Deutsche Bank AG grew its stake in shares of Nicolet Bankshares by 51.0% during the fourth 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 during the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in Nicolet Bankshares during the 4th quarter valued at approximately $1,586,000. American Century Companies Inc. lifted its position in Nicolet Bankshares by 10.4% during the 4th quarter. American Century Companies Inc. now owns 31,576 shares of the company's stock worth $3,313,000 after acquiring an additional 2,984 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 valued at $799,000 after buying an additional 321 shares during the last quarter. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Price Performance

NIC stock traded down $0.98 on Thursday, reaching $115.79. 81,562 shares of the company's stock were exchanged, compared to its average volume of 56,283. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a twelve month low of $76.01 and a twelve month high of $125.50. The firm has a market cap of $1.75 billion, a PE ratio of 14.42 and a beta of 0.76. The stock has a fifty day moving average of $115.32 and a 200-day moving average of $112.77.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly 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. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. The company had revenue of $89.43 million for the quarter, compared to analysts' expectations of $70.08 million. As a group, equities analysts predict that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Increases Dividend

The firm also recently declared 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 represents a $1.28 dividend on an annualized basis and a yield of 1.11%. This is a boost from Nicolet Bankshares's previous quarterly dividend of $0.28. The ex-dividend date is Monday, June 2nd. Nicolet Bankshares's dividend payout ratio is 15.44%.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,208 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $123.42, for a total transaction of $395,931.36. Following the sale, the director now directly owns 34,220 shares in the company, valued at approximately $4,223,432.40. The trade was a 8.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Merkatoris sold 300 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the sale, the director now owns 81,918 shares in the company, valued at $9,441,868.68. The trade was a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,400 shares of company stock valued at $1,549,599 over the last quarter. Company insiders own 16.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Piper Sandler cut their price objective 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. Keefe, Bruyette & Woods upped their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research note 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.