MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stake in Nicolet Bankshares, Inc. (NYSE:NIC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Nicolet Bankshares, Inc. (NYSE:NIC) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,617 shares of the company’s stock after buying an additional 321 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of Nicolet Bankshares worth $799,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC boosted its holdings in Nicolet Bankshares by 748.7% in the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock worth $35,000 after acquiring an additional 292 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Nicolet Bankshares during the fourth quarter worth $128,000. Summit Investment Advisors Inc. boosted its stake in shares of Nicolet Bankshares by 11.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company’s stock valued at $148,000 after purchasing an additional 140 shares during the period. Franklin Resources Inc. acquired a new stake in Nicolet Bankshares during the 4th quarter valued at $211,000. Finally, Quantbot Technologies LP increased its stake in Nicolet Bankshares by 30.7% during the 4th quarter. Quantbot Technologies LP now owns 2,116 shares of the company’s stock worth $222,000 after buying an additional 497 shares during the period. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Nicolet Bankshares from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Thursday, April 17th. Piper Sandler lowered their price objective on Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th.

Nicolet Bankshares Stock Performance

Shares of Nicolet Bankshares stock opened at $122.28 on Tuesday. 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, Inc. has a 1 year low of $76.01 and a 1 year high of $125.05. The firm’s 50-day simple moving average is $113.86 and its 200-day simple moving average is $112.32. The firm has a market cap of $1.84 billion, a PE ratio of 15.23 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC) last announced 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 firm had revenue of $89.43 million for the quarter, compared to analysts’ expectations of $70.08 million. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Equities analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Nicolet Bankshares’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.05%. Nicolet Bankshares’s dividend payout ratio (DPR) is 15.44%.

Insider Buying and Selling

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 3,700 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $108.58, for a total value of $401,746.00. Following the completion of the transaction, the director now directly owns 78,218 shares in the company, valued at $8,492,910.44. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Bruce Atwell sold 6,192 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $115.85, for a total value of $717,343.20. Following the transaction, the director now directly owns 33,816 shares of the company’s stock, valued at $3,917,583.60. This trade represents a 15.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,192 shares of company stock worth $1,153,667 over the last ninety days. 16.40% of the stock is owned by 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.