Nicolet Bankshares, Inc. (NYSE:NIC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,742 shares of the company’s stock after selling 213 shares during the period. Rhumbline Advisers owned 0.13% of Nicolet Bankshares worth $2,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Anchor Capital Advisors LLC boosted its stake in Nicolet Bankshares by 0.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company’s stock worth $2,450,000 after buying an additional 97 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in Nicolet Bankshares by 1.4% during the fourth quarter. Rafferty Asset Management LLC now owns 8,531 shares of the company’s stock worth $895,000 after buying an additional 120 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Nicolet Bankshares by 11.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company’s stock worth $148,000 after buying an additional 140 shares during the last quarter. Advisory Research Inc. lifted its stake in shares of Nicolet Bankshares by 0.3% in the 4th quarter. Advisory Research Inc. now owns 44,723 shares of the company’s stock valued at $4,692,000 after purchasing an additional 155 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Nicolet Bankshares by 2.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 5,815 shares of the company’s stock valued at $610,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Stock Performance

Shares of Nicolet Bankshares stock opened at $116.97 on Tuesday. Nicolet Bankshares, Inc. has a 52 week low of $77.25 and a 52 week high of $125.50. The business’s fifty day simple moving average is $117.43 and its 200-day simple moving average is $113.14. The firm has a market cap of $1.76 billion, a PE ratio of 14.57 and a beta of 0.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last posted 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 the consensus estimate 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 year.

Nicolet Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Monday, June 2nd. This is an increase from Nicolet Bankshares’s previous quarterly dividend of $0.28. Nicolet Bankshares’s payout ratio is currently 15.44%.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 6,192 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $115.85, for a total transaction of $717,343.20. Following the sale, the director now owns 33,816 shares in the company, valued at $3,917,583.60. This represents a 15.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Merkatoris sold 3,700 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $108.58, for a total value of $401,746.00. Following the sale, the director now owns 78,218 shares in the company, valued at approximately $8,492,910.44. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,226 shares of company stock worth $1,884,826. 16.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on NIC shares. Piper Sandler decreased their price target on Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods upped their price target 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.

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.