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

Invesco Ltd. raised 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 Form 13F filing with the Securities and Exchange Commission. The fund owned 28,511 shares of the company's stock after purchasing an additional 3,600 shares during the quarter. Invesco Ltd. owned 0.19% of Nicolet Bankshares worth $2,991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Anchor Capital Advisors LLC lifted its position in shares of Nicolet Bankshares by 0.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company's stock worth $2,450,000 after purchasing an additional 97 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Nicolet Bankshares by 2.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,815 shares of the company's stock valued at $610,000 after buying an additional 157 shares during the period. Rhumbline Advisers increased its stake in shares of Nicolet Bankshares by 1.5% during the fourth quarter. Rhumbline Advisers now owns 19,955 shares of the company's stock valued at $2,093,000 after buying an additional 299 shares during the period. Swiss National Bank increased its stake in shares of Nicolet Bankshares by 1.5% during the fourth quarter. Swiss National Bank now owns 26,600 shares of the company's stock valued at $2,791,000 after buying an additional 400 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Nicolet Bankshares by 30.7% during the fourth quarter. Quantbot Technologies LP now owns 2,116 shares of the company's stock valued at $222,000 after buying an additional 497 shares during the period. 43.06% of the stock is currently owned by institutional investors.

Nicolet Bankshares Price Performance

NIC opened at $117.04 on Tuesday. The business's 50-day moving average is $111.51 and its two-hundred day moving average is $109.78. Nicolet Bankshares, Inc. has a 1 year low of $76.01 and a 1 year high of $121.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $1.78 billion, a PE ratio of 14.58 and a beta of 0.69.

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 analysts' consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. The business had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. Research analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.96%. Nicolet Bankshares's payout ratio is 13.51%.

Insider Transactions at Nicolet Bankshares

In related news, Director Susan L. Merkatoris sold 3,700 shares of Nicolet Bankshares stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $108.58, for a total transaction of $401,746.00. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Bruce Atwell sold 3,102 shares of Nicolet Bankshares stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $117.65, for a total value of $364,950.30. Following the sale, the director now directly owns 33,816 shares of the company's stock, valued at $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 90 days, insiders have sold 17,419 shares of company stock worth $2,004,493. Insiders own 16.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NIC. Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a research note on Thursday, April 17th. Maxim Group raised their price target 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, Piper Sandler cut their price target 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.

Nicolet Bankshares 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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