Mercer Global Advisors Inc. ADV Acquires New Stake in Nicolet Bankshares, Inc. (NYSE:NIC)

Mercer Global Advisors Inc. ADV bought a new position in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,722 shares of the company's stock, valued at approximately $810,000. Mercer Global Advisors Inc. ADV owned approximately 0.05% of Nicolet Bankshares at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC raised its position in Nicolet Bankshares by 748.7% in the 4th 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 last quarter. New York State Teachers Retirement System bought a new stake in shares of Nicolet Bankshares in the fourth quarter worth $128,000. Summit Investment Advisors Inc. boosted its holdings in Nicolet Bankshares by 11.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock worth $148,000 after purchasing an additional 140 shares during the last quarter. Franklin Resources Inc. bought a new position in Nicolet Bankshares in the fourth quarter valued at $211,000. Finally, Quantbot Technologies LP increased its stake in Nicolet Bankshares by 30.7% in the 4th 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 last quarter. Institutional investors and hedge funds own 43.06% of the company's stock.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,102 shares of the stock in a transaction that occurred 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 transaction, the director now owns 33,816 shares in the company, valued at $3,978,452.40. This represents a 8.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan L. Merkatoris sold 300 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, March 7th. The shares were 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 of the company's stock, valued at approximately $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 a total of 17,269 shares of company stock worth $1,987,986 over the last quarter. Company insiders own 16.40% of the company's stock.

Nicolet Bankshares Stock Performance

Shares of NYSE NIC opened at $120.25 on Friday. 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 has a market capitalization of $1.81 billion, a P/E ratio of 14.98 and a beta of 0.76. Nicolet Bankshares, Inc. has a 12 month low of $76.01 and a 12 month high of $122.12. The stock has a 50 day moving average of $111.78 and a 200-day moving average of $110.86.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. The firm had revenue of $89.43 million during 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 predict that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given 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 yield of 0.93%. Nicolet Bankshares's dividend payout ratio (DPR) is presently 13.51%.

Analyst Ratings Changes

NIC has been the subject of several analyst reports. Piper Sandler decreased their price objective on 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 upped their price objective 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. Finally, Maxim Group boosted their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd.

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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