Tower Research Capital LLC TRC Sells 213 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Tower Research Capital LLC TRC cut its stake in Nicolet Bankshares, Inc. (NYSE:NIC) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,538 shares of the company’s stock after selling 213 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Nicolet Bankshares were worth $161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Nicolet Bankshares by 132.8% during the fourth quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company’s stock valued at $8,014,000 after buying an additional 43,567 shares during the last quarter. Renaissance Technologies LLC bought a new position in Nicolet Bankshares in the 4th quarter valued at $2,474,000. Dimensional Fund Advisors LP increased its stake in Nicolet Bankshares by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company’s stock worth $67,325,000 after purchasing an additional 21,819 shares during the period. Martingale Asset Management L P bought a new stake in shares of Nicolet Bankshares during the fourth quarter worth $1,898,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of Nicolet Bankshares by 284.8% during the fourth 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 hedge funds and other institutional investors.

Insider Buying and Selling at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 3,975 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 30,317 shares in the company, valued at $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 available through this link. Also, 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 sale, the director now directly owns 81,918 shares of the company’s stock, valued at $9,441,868.68. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,269 shares of company stock worth $1,987,986 over the last quarter. Insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Thursday, April 17th. Piper Sandler decreased their price target 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 increased their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

Nicolet Bankshares Trading Down 0.2 %

NYSE NIC opened at $120.28 on Wednesday. Nicolet Bankshares, Inc. has a one year low of $76.01 and a one year high of $121.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.98 and a beta of 0.76. The company’s 50-day simple moving average is $111.68 and its two-hundred day simple moving average is $110.46.

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

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares’s payout ratio is currently 13.51%.

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.