Nicolet Bankshares, Inc. (NYSE:NIC) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 132.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,385 shares of the company's stock after purchasing an additional 43,567 shares during the period. JPMorgan Chase & Co. owned about 0.50% of Nicolet Bankshares worth $8,014,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Anchor Capital Advisors LLC grew its stake in Nicolet Bankshares by 0.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company's stock worth $2,450,000 after acquiring an additional 97 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Nicolet Bankshares by 1.5% in the fourth quarter. Rhumbline Advisers now owns 19,955 shares of the company's stock valued at $2,093,000 after purchasing an additional 299 shares during the period. Swiss National Bank grew its stake in Nicolet Bankshares by 1.5% in the fourth quarter. Swiss National Bank now owns 26,600 shares of the company's stock worth $2,791,000 after purchasing an additional 400 shares in the last quarter. Quantbot Technologies LP increased its holdings in Nicolet Bankshares by 30.7% during the 4th 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 period. Finally, Merit Financial Group LLC raised its position in Nicolet Bankshares by 1.7% during the 4th quarter. Merit Financial Group LLC now owns 34,543 shares of the company's stock valued at $3,624,000 after purchasing an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company's stock.

Analysts Set New Price Targets

NIC has been the topic of several research reports. 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. Piper Sandler reduced their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Maxim Group increased their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd.

Nicolet Bankshares Stock Up 3.0 %

NIC traded up $3.27 on Friday, hitting $110.67. The company had a trading volume of 63,927 shares, compared to its average volume of 52,245. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.78 and a beta of 0.69. The stock has a fifty day moving average price of $111.91 and a 200-day moving average price of $108.86. Nicolet Bankshares, Inc. has a 12-month low of $76.01 and a 12-month high of $121.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

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. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. The firm had revenue of $89.43 million for the quarter, compared to the consensus estimate of $70.08 million. Analysts predict that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. Nicolet Bankshares's dividend payout ratio is presently 13.51%.

Insider Activity

In other news, Director Robert Bruce Atwell sold 3,975 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total value of $469,368.00. Following the completion of the transaction, the director now directly owns 30,317 shares in the company, valued at $3,579,831.36. This trade represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan L. Merkatoris sold 300 shares of Nicolet Bankshares stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $115.26, for a total value of $34,578.00. Following the sale, the director now directly owns 81,918 shares of the company's stock, valued at $9,441,868.68. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,527 shares of company stock worth $996,674. Insiders own 16.40% of the company's stock.

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.