Nicolet Bankshares, Inc. (NYSE:NIC) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,492 shares of the company's stock after selling 2,490 shares during the quarter. The Manufacturers Life Insurance Company owned 1.53% of Nicolet Bankshares worth $24,391,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Nicolet Bankshares by 170.7% in the third quarter. Barclays PLC now owns 23,978 shares of the company's stock worth $2,291,000 after buying an additional 15,121 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Nicolet Bankshares by 111.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company's stock worth $3,138,000 after acquiring an additional 17,314 shares during the period. Verus Wealth Management LLC acquired a new stake in Nicolet Bankshares during the 4th quarter worth about $551,000. Heck Capital Advisors LLC acquired a new position in shares of Nicolet Bankshares in the fourth quarter valued at about $629,000. Finally, Jackson Creek Investment Advisors LLC purchased a new position in shares of Nicolet Bankshares in the fourth quarter worth about $1,586,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Stock Performance

Shares of NIC stock traded up $1.63 during midday trading on Thursday, hitting $121.51. The company had a trading volume of 9,683 shares, compared to its average volume of 52,828. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 15.12 and a beta of 0.76. 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 52-week low of $76.01 and a 52-week high of $122.06. The company's 50 day simple moving average is $111.68 and its 200 day simple moving average is $110.53.

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

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.28 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 0.92%. Nicolet Bankshares's dividend payout ratio is currently 13.51%.

Insiders Place Their Bets

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 6,192 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $115.85, for a total transaction of $717,343.20. Following the transaction, the director now owns 33,816 shares in the company, valued at $3,917,583.60. The trade was a 15.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan L. Merkatoris sold 3,700 shares of the firm's 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 sale, the director now owns 78,218 shares of the company's stock, 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 three months, insiders sold 17,269 shares of company stock valued at $1,987,986. Company insiders own 16.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

Nicolet Bankshares 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.