Wealth Enhancement Advisory Services LLC Sells 4,232 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Wealth Enhancement Advisory Services LLC lessened its position in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,932 shares of the company's stock after selling 4,232 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.26% of Nicolet Bankshares worth $4,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in Nicolet Bankshares by 748.7% during the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock valued at $35,000 after buying an additional 292 shares during the period. Point72 Asset Management L.P. purchased a new stake in Nicolet Bankshares during the fourth quarter valued at about $61,000. New York State Teachers Retirement System purchased a new stake in Nicolet Bankshares during the fourth quarter valued at about $128,000. Summit Investment Advisors Inc. boosted its position in Nicolet Bankshares by 11.0% during the fourth 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 period. Finally, Franklin Resources Inc. purchased a new stake in shares of Nicolet Bankshares during the fourth quarter worth about $211,000. Institutional investors own 43.06% of the company's stock.

Nicolet Bankshares Stock Performance

NIC stock traded up $2.08 on Friday, hitting $117.84. The company had a trading volume of 50,986 shares, compared to its average volume of 56,716. Nicolet Bankshares, Inc. has a 12-month low of $76.01 and a 12-month high of $125.50. 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's 50-day simple moving average is $115.61 and its 200 day simple moving average is $112.86. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 14.67 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 for the quarter, topping the consensus estimate of $1.96 by $0.14. The business had revenue of $89.43 million for the quarter, compared to analysts' expectations of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, equities research analysts expect 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 will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Monday, June 2nd. This is a boost from Nicolet Bankshares's previous quarterly dividend of $0.28. Nicolet Bankshares's dividend payout ratio (DPR) is currently 15.44%.

Wall Street Analysts Forecast Growth

Several analysts have commented on NIC shares. Piper Sandler lowered their price objective on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods raised their price target on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a research report on Thursday, April 17th.

Insider Transactions at Nicolet Bankshares

In related news, Director Susan L. Merkatoris sold 3,700 shares of Nicolet Bankshares 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 owns 78,218 shares in the company, valued at approximately $8,492,910.44. The trade was a 4.52% 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 Robert Bruce Atwell sold 3,208 shares of Nicolet Bankshares stock in a transaction on Friday, May 30th. The shares were sold at an average price of $123.42, for a total transaction of $395,931.36. Following the transaction, the director now owns 34,220 shares in the company, valued at approximately $4,223,432.40. This trade represents a 8.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of company stock worth $1,515,021 in the last 90 days. 16.40% of the stock is currently owned by insiders.

About Nicolet Bankshares

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.