Envestnet Asset Management Inc. Buys 157 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Envestnet Asset Management Inc. increased its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,815 shares of the company’s stock after purchasing an additional 157 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Nicolet Bankshares were worth $610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NIC. Barclays PLC grew its stake in shares of Nicolet Bankshares by 170.7% in the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after purchasing an additional 15,121 shares during the last quarter. Virtu Financial LLC acquired a new position in Nicolet Bankshares during the 3rd quarter worth about $264,000. JPMorgan Chase & Co. grew its position in shares of Nicolet Bankshares by 111.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock valued at $3,138,000 after buying an additional 17,314 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of Nicolet Bankshares by 1.7% in the fourth quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock valued at $3,624,000 after buying an additional 592 shares during the period. Finally, Verus Wealth Management LLC bought a new position in shares of Nicolet Bankshares during the fourth quarter worth about $551,000. Institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Stock Performance

Shares of NIC stock opened at $121.11 on Friday. Nicolet Bankshares, Inc. has a 52 week low of $76.01 and a 52 week high of $121.52. The firm’s 50-day simple moving average is $111.59 and its two-hundred day simple moving average is $110.22. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 15.08 and a beta of 0.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

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

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares’s dividend payout ratio is 13.51%.

Analysts Set New Price Targets

NIC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Thursday, April 17th. Piper Sandler lowered their target price on shares of Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Finally, Maxim Group upped their price target 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 Buying and Selling

In other news, Director Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the completion of the sale, the director now directly owns 30,317 shares of the company’s stock, valued at approximately $3,579,831.36. The trade was a 11.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Merkatoris sold 3,700 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $108.58, for a total value of $401,746.00. Following the transaction, the director now owns 78,218 shares in the company, valued at $8,492,910.44. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,269 shares of company stock worth $1,987,986 over the last ninety days. 16.40% of the stock is owned by corporate insiders.

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.