PDT Partners LLC Acquires 2,553 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

PDT Partners LLC increased its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 59.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,865 shares of the company's stock after purchasing an additional 2,553 shares during the quarter. PDT Partners LLC's holdings in Nicolet Bankshares were worth $720,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company's stock worth $2,291,000 after purchasing an additional 15,121 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Nicolet Bankshares by 111.7% in the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company's stock valued at $3,138,000 after acquiring an additional 17,314 shares during the period. Verus Wealth Management LLC acquired a new stake in shares of Nicolet Bankshares in the fourth quarter valued at approximately $551,000. Heck Capital Advisors LLC acquired a new stake in shares of Nicolet Bankshares during the fourth quarter worth $629,000. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in Nicolet Bankshares during the 4th quarter worth approximately $1,586,000. Institutional investors and hedge funds own 43.06% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NIC shares. Keefe, Bruyette & Woods boosted their target price on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research report on Thursday, April 17th. Piper Sandler lowered their target price on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Maxim Group raised their price target on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd.

Insider Activity

In other news, Director Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total transaction of $469,368.00. Following the sale, the director now directly owns 30,317 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Susan L. Merkatoris sold 3,700 shares of the business's 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 completion of 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 17,269 shares of company stock worth $1,987,986. Insiders own 16.40% of the company's stock.

Nicolet Bankshares Price Performance

NYSE:NIC traded up $0.94 on Wednesday, reaching $121.06. The stock had a trading volume of 7,312 shares, compared to its average volume of 52,689. Nicolet Bankshares, Inc. has a 1-year low of $76.01 and a 1-year high of $121.91. The stock has a fifty day moving average price of $111.68 and a 200-day moving average price of $110.46. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.83 billion, a P/E ratio of 15.11 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. The company had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Research analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Monday, March 10th. Nicolet Bankshares's dividend payout ratio is presently 13.51%.

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.