Wells Fargo & Company MN Purchases 5,736 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Wells Fargo & Company MN raised its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 70.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,898 shares of the company's stock after acquiring an additional 5,736 shares during the quarter. Wells Fargo & Company MN owned approximately 0.09% of Nicolet Bankshares worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NIC. New York State Teachers Retirement System acquired a new position in Nicolet Bankshares during the fourth quarter worth approximately $128,000. Franklin Resources Inc. acquired a new stake in shares of Nicolet Bankshares during the 4th quarter worth $211,000. Quantbot Technologies LP raised its position in shares of Nicolet Bankshares by 30.7% in the 4th quarter. Quantbot Technologies LP now owns 2,116 shares of the company's stock worth $222,000 after buying an additional 497 shares during the period. Virtu Financial LLC acquired a new position in Nicolet Bankshares in the third quarter valued at $264,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Nicolet Bankshares in the fourth quarter valued at $304,000. Institutional investors and hedge funds own 43.06% of the company's stock.

Nicolet Bankshares Stock Up 2.3 %

Shares of NYSE:NIC traded up $2.75 during midday trading on Friday, reaching $120.31. The company had a trading volume of 7,597 shares, compared to its average volume of 52,449. The stock has a market capitalization of $1.83 billion, a P/E ratio of 14.96 and a beta of 0.69. The stock's fifty day moving average price is $111.52 and its 200-day moving average price is $110.03. 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 one year low of $76.01 and a one year high of $121.52.

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, beating analysts' consensus estimates of $1.96 by $0.14. The business had revenue of $89.43 million during the quarter, compared to analyst estimates of $70.08 million. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Equities research analysts expect that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a yield of 0.93%. Nicolet Bankshares's dividend payout ratio (DPR) is 13.51%.

Insider Buying and Selling at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 3,975 shares of the business'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 value of $469,368.00. Following the sale, the director now directly owns 30,317 shares in the company, valued at $3,579,831.36. The trade was a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Merkatoris sold 3,700 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $108.58, for a total transaction of $401,746.00. Following the completion of 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 ninety days, insiders sold 17,269 shares of company stock valued at $1,987,986. 16.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.