The Manufacturers Life Insurance Company Sells 2,490 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,492 shares of the company's stock after selling 2,490 shares during the quarter. The Manufacturers Life Insurance Company owned about 1.53% of Nicolet Bankshares worth $24,391,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Aquatic Capital Management LLC lifted its holdings in shares of Nicolet Bankshares by 289.3% during the fourth quarter. Aquatic Capital Management LLC now owns 2,336 shares of the company's stock worth $245,000 after buying an additional 1,736 shares during the last quarter. Oberweis Asset Management Inc. grew its position in Nicolet Bankshares by 19.0% in the 4th quarter. Oberweis Asset Management Inc. now owns 55,200 shares of the company's stock worth $5,791,000 after purchasing an additional 8,800 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in Nicolet Bankshares in the 4th quarter worth $246,000. MetLife Investment Management LLC raised its position in shares of Nicolet Bankshares by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 8,101 shares of the company's stock valued at $850,000 after buying an additional 442 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Nicolet Bankshares by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company's stock valued at $67,325,000 after buying an additional 21,819 shares during the period. 43.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NIC has been the topic of several research reports. Maxim Group boosted their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price 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. Finally, Piper Sandler lowered their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th.

Nicolet Bankshares Price Performance

Shares of NIC traded down $0.26 during mid-day trading on Tuesday, reaching $120.28. The company had a trading volume of 31,755 shares, compared to its average volume of 52,732. The company's 50-day moving average is $111.65 and its 200-day moving average is $110.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. 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 twelve month low of $76.01 and a twelve month high of $121.91.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.14. The business had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, equities analysts anticipate 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. Stockholders of record on Monday, March 10th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares's payout ratio is currently 13.51%.

Insider Buying and Selling

In other news, Director Robert Bruce Atwell sold 3,975 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total transaction of $469,368.00. Following the completion of the sale, the director now owns 30,317 shares in the company, valued at $3,579,831.36. The trade was a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan L. Merkatoris sold 300 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $115.26, for a total value of $34,578.00. Following the completion of the transaction, the director now owns 81,918 shares in the company, valued at approximately $9,441,868.68. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,269 shares of company stock worth $1,987,986 in the last three months. Insiders own 16.40% of the company's stock.

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.