Swiss National Bank Takes Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Swiss National Bank bought a new position in shares of Nicolet Bankshares, Inc. (NYSE:NIC – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 30,700 shares of the company’s stock, valued at approximately $2,450,000. Swiss National Bank owned 0.21% of Nicolet Bankshares as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Nicolet Bankshares during the 4th quarter valued at approximately $137,000. Arizona State Retirement System acquired a new position in Nicolet Bankshares during the fourth quarter valued at $287,000. IFP Advisors Inc purchased a new stake in Nicolet Bankshares in the fourth quarter valued at $173,000. Shell Asset Management Co. acquired a new stake in Nicolet Bankshares during the 4th quarter worth about $236,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Nicolet Bankshares during the 4th quarter valued at about $1,050,000. Hedge funds and other institutional investors own 37.40% of the company’s stock.

Insider Activity

In related news, CFO Hubert Phillip Moore, Jr. purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The shares were purchased at an average price of $56.63 per share, with a total value of $84,945.00. Following the purchase, the chief financial officer now owns 29,361 shares of the company’s stock, valued at $1,662,713.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 1,895 shares of company stock worth $107,402 over the last three months. 18.10% of the stock is currently owned by corporate insiders.

Nicolet Bankshares Price Performance

NYSE:NIC opened at $63.41 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. Nicolet Bankshares, Inc. has a 52 week low of $51.76 and a 52 week high of $86.48. The stock’s 50-day moving average price is $60.44 and its 200-day moving average price is $71.10. The stock has a market capitalization of $933.40 million, a PE ratio of 14.96 and a beta of 0.70.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Wednesday, May 31st.

Analysts Set New Price Targets

Several analysts recently commented on NIC shares. Piper Sandler dropped their target price on Nicolet Bankshares from $75.00 to $70.00 in a report on Wednesday, April 19th. TheStreet lowered shares of Nicolet Bankshares from a “b” rating to a “c+” rating in a report on Wednesday, April 19th.

About Nicolet Bankshares

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Nicolet Bankshares, Inc is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary. It offers lending and deposit gathering, ancillary banking-related, trust, brokerage, and other investment management products and services. The firm also delivers commercial-related and residential real estate loans.