Fisher Asset Management LLC Lowers Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Fisher Asset Management LLC lowered its holdings in Nicolet Bankshares, Inc. (NYSE:NIC) by 16.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,340 shares of the company’s stock after selling 3,481 shares during the period. Fisher Asset Management LLC’s holdings in Nicolet Bankshares were worth $1,476,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NIC. FMR LLC increased its position in shares of Nicolet Bankshares by 54.2% during the 3rd quarter. FMR LLC now owns 556,958 shares of the company’s stock worth $38,865,000 after purchasing an additional 195,707 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Nicolet Bankshares by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 52,381 shares of the company’s stock worth $3,655,000 after buying an additional 568 shares during the period. 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 valued at $2,031,000 after acquiring an additional 400 shares during the last quarter. Anchor Capital Advisors LLC raised its stake in shares of Nicolet Bankshares by 40.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 21,769 shares of the company’s stock valued at $1,752,000 after acquiring an additional 6,285 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Nicolet Bankshares by 1.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,250 shares of the company’s stock worth $994,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Insider Transactions at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $81.93, for a total transaction of $163,860.00. Following the sale, the director now owns 42,889 shares of the company’s stock, valued at approximately $3,513,895.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.40% of the company’s stock.

Nicolet Bankshares Trading Up 1.3 %

Shares of NYSE:NIC opened at $80.62 on Thursday. The company has a market cap of $1.20 billion, a PE ratio of 12.42 and a beta of 0.76. The company’s 50 day moving average is $80.94 and its two-hundred day moving average is $78.64. Nicolet Bankshares, Inc. has a 52 week low of $53.47 and a 52 week high of $86.86. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, March 7th. Nicolet Bankshares’s dividend payout ratio (DPR) is 15.41%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NIC shares. Stephens dropped 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 report on Thursday, April 18th. Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. TheStreet upgraded Nicolet Bankshares from a “c+” rating to a “b” rating in a report on Wednesday, January 17th. Piper Sandler cut their price target on shares of Nicolet Bankshares from $88.00 to $82.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Finally, Hovde Group raised shares of Nicolet Bankshares from a “market perform” rating to an “outperform” rating in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nicolet Bankshares presently has a consensus rating of “Hold” and a consensus target price of $87.88.

About Nicolet Bankshares

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.