Vanguard Group Inc. Has $47.46 Million Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Vanguard Group Inc. lessened its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 680,186 shares of the company's stock after selling 14,487 shares during the period. Vanguard Group Inc. owned about 4.61% of Nicolet Bankshares worth $47,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in shares of Nicolet Bankshares by 0.9% in the 3rd quarter. Stifel Financial Corp now owns 15,888 shares of the company's stock valued at $1,109,000 after buying an additional 141 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Nicolet Bankshares by 1.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,250 shares of the company's stock valued at $994,000 after purchasing an additional 250 shares during the last quarter. Rhumbline Advisers raised its position in Nicolet Bankshares by 2.1% in the 1st quarter. Rhumbline Advisers now owns 18,417 shares of the company's stock valued at $1,161,000 after purchasing an additional 372 shares during the last quarter. Swiss National Bank raised its position in Nicolet Bankshares by 1.4% in the 3rd quarter. Swiss National Bank now owns 29,100 shares of the company's stock valued at $2,031,000 after purchasing an additional 400 shares during the last quarter. Finally, Wells Fargo & Company MN purchased a new stake in Nicolet Bankshares in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 43.06% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on NIC. Stephens reiterated an "equal weight" rating and issued a $90.00 price target on shares of Nicolet Bankshares in a research report on Wednesday, January 17th. Piper Sandler restated a "neutral" rating and set a $84.00 price objective on shares of Nicolet Bankshares in a research report on Wednesday, January 10th. TheStreet upgraded shares of Nicolet Bankshares from a "c+" rating to a "b" rating in a research report on Wednesday, January 17th. Hovde Group upgraded shares of Nicolet Bankshares from a "market perform" rating to an "outperform" rating in a research report on Monday, March 4th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Nicolet Bankshares from $84.00 to $85.00 and gave the stock a "market perform" rating in a research report on Thursday, January 18th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $88.50.

Insider Buying and Selling at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,000 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $81.93, for a total transaction of $163,860.00. Following the completion of the sale, the director now owns 42,889 shares in the company, valued at $3,513,895.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Eric James Witczak sold 2,053 shares of the company's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $82.45, for a total transaction of $169,269.85. Following the completion of the transaction, the executive vice president now owns 41,427 shares in the company, valued at $3,415,656.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Bruce Atwell sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $81.93, for a total transaction of $163,860.00. Following the transaction, the director now owns 42,889 shares of the company's stock, valued at approximately $3,513,895.77. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

Nicolet Bankshares Stock Up 0.7 %

Shares of NYSE:NIC traded up $0.54 during midday trading on Tuesday, reaching $83.30. The company had a trading volume of 18,493 shares, compared to its average volume of 38,354. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.95 and a quick ratio of 0.95. The stock's fifty day moving average price is $80.35 and its 200-day moving average price is $77.24. The stock has a market capitalization of $1.24 billion, a P/E ratio of 20.38 and a beta of 0.74. Nicolet Bankshares, Inc. has a one year low of $51.76 and a one year high of $86.86.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 16th. The company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.12. The business had revenue of $89.20 million during the quarter, compared to analyst estimates of $78.30 million. Nicolet Bankshares had a net margin of 14.69% and a return on equity of 9.71%. Equities research analysts expect that Nicolet Bankshares, Inc. will post 6.93 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 1.20%. Nicolet Bankshares's payout ratio is 24.63%.

About Nicolet Bankshares

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.