N.E.W. Advisory Services LLC Has $4.20 Million Stock Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

N.E.W. Advisory Services LLC trimmed its holdings in Nicolet Bankshares, Inc. (NYSE:NIC) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,995 shares of the company’s stock after selling 1,049 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Nicolet Bankshares were worth $4,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Merit Financial Group LLC lifted its stake in shares of Nicolet Bankshares by 1.7% in the 4th quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock valued at $3,624,000 after purchasing an additional 592 shares during the period. Creative Planning increased its position in Nicolet Bankshares by 6.6% in the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock valued at $1,194,000 after buying an additional 777 shares in the last quarter. BNP Paribas Financial Markets increased its position in Nicolet Bankshares by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after buying an additional 1,010 shares in the last quarter. Fisher Asset Management LLC increased its position in Nicolet Bankshares by 7.9% in the 3rd quarter. Fisher Asset Management LLC now owns 14,978 shares of the company’s stock valued at $1,432,000 after buying an additional 1,092 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Nicolet Bankshares in the 3rd quarter valued at about $155,000. 43.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NIC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 23rd. Maxim Group boosted their target price on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler boosted their target price on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $119.00.

Nicolet Bankshares Stock Performance

Shares of NIC opened at $111.76 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day moving average price of $108.31 and a two-hundred day moving average price of $101.77. The firm has a market capitalization of $1.70 billion, a P/E ratio of 13.92 and a beta of 0.77. Nicolet Bankshares, Inc. has a 52 week low of $73.00 and a 52 week high of $116.17.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Equities analysts forecast that Nicolet Bankshares, Inc. will post 8.1 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is presently 13.95%.

Insider Activity

In other news, EVP Brad Vincent Hutjens sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $115.30, for a total value of $691,800.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at $3,075,512.20. This represents a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert Bruce Atwell sold 8,945 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $113.00, for a total value of $1,010,785.00. Following the completion of the transaction, the director now directly owns 32,831 shares of the company’s stock, valued at approximately $3,709,903. This represents a 21.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,518 shares of company stock valued at $6,861,203 over the last three months. Corporate insiders own 16.40% of the company’s stock.

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.