Renaissance Technologies LLC Makes New Investment in Nicolet Bankshares, Inc. (NYSE:NIC)

Renaissance Technologies LLC bought a new position in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,582 shares of the company's stock, valued at approximately $2,474,000. Renaissance Technologies LLC owned about 0.16% of Nicolet Bankshares as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Anchor Capital Advisors LLC lifted its stake in shares of Nicolet Bankshares by 0.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company's stock valued at $2,450,000 after acquiring an additional 97 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Nicolet Bankshares by 2.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 5,815 shares of the company's stock valued at $610,000 after buying an additional 157 shares during the period. Rhumbline Advisers raised its holdings in Nicolet Bankshares by 1.5% in the 4th quarter. Rhumbline Advisers now owns 19,955 shares of the company's stock worth $2,093,000 after purchasing an additional 299 shares during the period. Swiss National Bank increased its stake in Nicolet Bankshares by 1.5% in the 4th quarter. Swiss National Bank now owns 26,600 shares of the company's stock worth $2,791,000 after buying an additional 400 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of 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 in the last quarter. 43.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert Bruce Atwell sold 3,975 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Merkatoris sold 3,700 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $108.58, for a total value of $401,746.00. Following the transaction, the director now owns 78,218 shares in the company, valued at approximately $8,492,910.44. This trade represents 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 valued at $1,987,986. 16.40% of the stock is owned by corporate insiders.

Nicolet Bankshares Trading Up 0.9 %

NIC stock traded up $1.11 during midday trading on Thursday, hitting $117.92. The stock had a trading volume of 5,512 shares, compared to its average volume of 52,360. The firm has a market cap of $1.79 billion, a PE ratio of 14.68 and a beta of 0.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares, Inc. has a 12-month low of $76.01 and a 12-month high of $121.52. The company's 50-day moving average price is $111.49 and its 200 day moving average price is $109.89.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. The business had revenue of $89.43 million during the quarter, compared to analyst estimates of $70.08 million. On average, equities research analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Monday, March 10th. Nicolet Bankshares's dividend payout ratio is presently 13.51%.

Analyst Ratings Changes

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

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.