Franklin Resources Inc. Invests $211,000 in Nicolet Bankshares, Inc. (NYSE:NIC)

Franklin Resources Inc. purchased a new stake in Nicolet Bankshares, Inc. (NYSE:NIC) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,012 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Nicolet Bankshares by 132.8% in the fourth quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company’s stock worth $8,014,000 after acquiring an additional 43,567 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Nicolet Bankshares during the 4th quarter worth approximately $304,000. American Century Companies Inc. lifted its holdings in shares of Nicolet Bankshares by 10.4% in the 4th quarter. American Century Companies Inc. now owns 31,576 shares of the company’s stock worth $3,313,000 after purchasing an additional 2,984 shares during the last quarter. Quantbot Technologies LP lifted its holdings 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 purchasing an additional 497 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Nicolet Bankshares by 284.8% during the 4th quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company’s stock valued at $2,312,000 after purchasing an additional 16,308 shares during the period. 43.06% of the stock is owned by institutional investors and hedge funds.

Nicolet Bankshares Stock Up 3.0 %

Shares of Nicolet Bankshares stock opened at $110.67 on Friday. 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 1-year low of $76.01 and a 1-year high of $121.52. The business’s fifty day moving average price is $111.91 and its two-hundred day moving average price is $108.74. The company has a market capitalization of $1.68 billion, a P/E ratio of 13.78 and a beta of 0.69.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.14. The business had revenue of $89.43 million during the quarter, compared to the consensus estimate of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, research analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.95%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NIC. Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Thursday. Piper Sandler dropped their price objective on shares of Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Maxim Group lifted their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd.

Insider Activity at Nicolet Bankshares

In related news, Director Susan L. Merkatoris sold 300 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the sale, the director now directly owns 81,918 shares of the company’s stock, valued at $9,441,868.68. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total transaction of $469,368.00. Following the completion of the transaction, the director now owns 30,317 shares in the company, valued at approximately $3,579,831.36. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,527 shares of company stock worth $996,674 over the last quarter. 16.40% of the stock is currently owned by company insiders.

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.