Nicolet Bankshares, Inc. (NYSE:NIC) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 28.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,653 shares of the company’s stock after selling 654 shares during the quarter. Federated Hermes Inc.’s holdings in Nicolet Bankshares were worth $133,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NIC. FMR LLC raised its position in Nicolet Bankshares by 54.2% during the third quarter. FMR LLC now owns 556,958 shares of the company’s stock worth $38,865,000 after acquiring an additional 195,707 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Nicolet Bankshares by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 52,381 shares of the company’s stock worth $3,655,000 after acquiring an additional 568 shares during the last quarter. Swiss National Bank increased its position in shares of Nicolet Bankshares by 1.4% during the third quarter. Swiss National Bank now owns 29,100 shares of the company’s stock worth $2,031,000 after purchasing an additional 400 shares in the last quarter. Anchor Capital Advisors LLC raised its stake in Nicolet Bankshares by 11.3% in the 3rd quarter. Anchor Capital Advisors LLC now owns 15,484 shares of the company’s stock valued at $1,080,000 after purchasing an additional 1,568 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Nicolet Bankshares by 1.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,250 shares of the company’s stock valued at $994,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert Bruce Atwell sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $81.93, for a total value of $163,860.00. Following the transaction, the director now directly owns 42,889 shares in the company, valued at approximately $3,513,895.77. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.40% of the stock is currently owned by insiders.

Nicolet Bankshares Price Performance

NYSE:NIC opened at $80.57 on Tuesday. The company has a market capitalization of $1.20 billion, a P/E ratio of 12.41 and a beta of 0.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.16. Nicolet Bankshares, Inc. has a 52 week low of $53.47 and a 52 week high of $86.86. The stock’s fifty day moving average is $80.89 and its two-hundred day moving average is $78.56.

Nicolet Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. Nicolet Bankshares’s payout ratio is currently 15.41%.

Analyst Ratings Changes

NIC has been the subject of a number of recent research reports. Stephens reduced their target price on shares of Nicolet Bankshares from $92.00 to $88.00 and set an “equal weight” rating for the company in a research report on Thursday, April 18th. Hovde Group raised Nicolet Bankshares from a “market perform” rating to an “outperform” rating in a report on Monday, March 4th. TheStreet raised Nicolet Bankshares from a “c+” rating to a “b” rating in a research note on Wednesday, January 17th. Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Finally, Piper Sandler dropped their price objective on shares of Nicolet Bankshares from $88.00 to $82.50 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.88.

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.