Oberweis Asset Management Inc. Buys 8,800 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Oberweis Asset Management Inc. grew its holdings in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,200 shares of the company's stock after purchasing an additional 8,800 shares during the period. Oberweis Asset Management Inc. owned about 0.36% of Nicolet Bankshares worth $5,791,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Sterling Capital Management LLC increased its stake 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 position in shares of Nicolet Bankshares in the 4th quarter valued at about $128,000. Summit Investment Advisors Inc. increased its position in shares of Nicolet Bankshares by 11.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock valued at $148,000 after acquiring an additional 140 shares during the last quarter. Franklin Resources Inc. bought a new stake in Nicolet Bankshares during the fourth quarter worth about $211,000. Finally, Quantbot Technologies LP boosted its position in 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 purchasing an additional 497 shares during the last quarter. Institutional investors own 43.06% of the company's stock.

Nicolet Bankshares Stock Performance

Shares of NIC stock traded down $0.82 during trading on Wednesday, reaching $117.27. 3,961 shares of the company's stock were exchanged, compared to its average volume of 52,298. Nicolet Bankshares, Inc. has a twelve month low of $76.01 and a twelve month high of $121.52. The firm's fifty day moving average price is $111.48 and its 200-day moving average price is $109.84. 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 stock has a market capitalization of $1.78 billion, a PE ratio of 14.60 and a beta of 0.69.

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, beating the consensus estimate of $1.96 by $0.14. The firm had revenue of $89.43 million for the quarter, compared to the consensus estimate of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

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 was Monday, March 10th. This represents a $1.12 annualized dividend and a yield of 0.96%. Nicolet Bankshares's dividend payout ratio (DPR) is presently 13.51%.

Analyst Upgrades and Downgrades

NIC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their price target on 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 dropped their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Maxim Group increased their price target 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.

Insider Activity

In related news, Director Susan L. Merkatoris sold 300 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $115.26, for a total value of $34,578.00. Following the transaction, the director now owns 81,918 shares in the company, valued at approximately $9,441,868.68. This trade represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Bruce Atwell sold 3,975 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were 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 of the company's stock, valued at approximately $3,579,831.36. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,269 shares of company stock valued at $1,987,986. 16.40% of the stock is owned by insiders.

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.