Invesco Ltd. Acquires 3,600 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Invesco Ltd. lifted its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,511 shares of the company's stock after acquiring an additional 3,600 shares during the period. Invesco Ltd. owned approximately 0.19% of Nicolet Bankshares worth $2,991,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NIC. New York State Teachers Retirement System purchased a new position in Nicolet Bankshares during the 4th quarter worth $128,000. Franklin Resources Inc. purchased a new position in Nicolet Bankshares during the fourth quarter worth about $211,000. Quantbot Technologies LP boosted its holdings in Nicolet Bankshares by 30.7% during the fourth quarter. Quantbot Technologies LP now owns 2,116 shares of the company's stock worth $222,000 after purchasing an additional 497 shares during the last quarter. Virtu Financial LLC bought a new stake in Nicolet Bankshares in the 3rd quarter worth about $264,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Nicolet Bankshares in the 4th quarter valued at about $304,000. Institutional investors and hedge funds own 43.06% of the company's stock.

Nicolet Bankshares Stock Performance

Shares of NYSE:NIC traded up $3.55 during mid-day trading on Friday, reaching $121.11. The company had a trading volume of 51,320 shares, compared to its average volume of 52,882. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 15.08 and a beta of 0.69. Nicolet Bankshares, Inc. has a one year low of $76.01 and a one year high of $121.52. 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 company's 50-day moving average price is $111.59 and its 200-day moving average price is $110.22.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 10.95% and a net margin of 23.83%. As a group, equities research analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 0.92%. Nicolet Bankshares's payout ratio is currently 13.51%.

Insider Buying and Selling

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 300 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $115.26, for a total value of $34,578.00. Following the completion of the transaction, the director now owns 81,918 shares of the company's stock, valued at $9,441,868.68. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Bruce Atwell sold 3,102 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $117.65, for a total transaction of $364,950.30. Following the sale, the director now owns 33,816 shares in the company, valued at approximately $3,978,452.40. This trade represents a 8.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,269 shares of company stock worth $1,987,986. Corporate insiders own 16.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NIC. Piper Sandler cut their target price on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Maxim Group upped their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their target price 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.