American Century Companies Inc. Sells 5,015 Shares of Nicolet Bankshares Inc. $NIC

American Century Companies Inc. decreased its position in Nicolet Bankshares Inc. (NYSE:NIC) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,266 shares of the company’s stock after selling 5,015 shares during the quarter. American Century Companies Inc. owned approximately 1.21% of Nicolet Bankshares worth $24,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of Nicolet Bankshares by 150.8% in the first quarter. Royal Bank of Canada now owns 13,987 shares of the company’s stock worth $1,524,000 after purchasing an additional 8,410 shares during the last quarter. AQR Capital Management LLC raised its position in Nicolet Bankshares by 15.2% during the 1st quarter. AQR Capital Management LLC now owns 11,819 shares of the company’s stock valued at $1,288,000 after purchasing an additional 1,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Nicolet Bankshares by 6.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,134 shares of the company’s stock valued at $886,000 after purchasing an additional 517 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Nicolet Bankshares by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,778 shares of the company’s stock worth $3,245,000 after buying an additional 1,922 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Nicolet Bankshares by 8.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,259 shares of the company’s stock worth $773,000 after buying an additional 493 shares during the period. 43.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NIC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. Hovde Group restated an “outperform” rating and issued a $190.00 price objective on shares of Nicolet Bankshares in a report on Tuesday, January 27th. Keefe, Bruyette & Woods raised their target price on shares of Nicolet Bankshares from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Zacks Research raised shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Finally, Piper Sandler upgraded shares of Nicolet Bankshares from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $148.00 to $185.00 in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, Nicolet Bankshares has an average rating of “Buy” and a consensus target price of $179.50.

Insider Activity at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 6,396 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $155.47, for a total value of $994,386.12. Following the sale, the director directly owned 34,054 shares of the company’s stock, valued at $5,294,375.38. The trade was a 15.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 14.20% of the stock is currently owned by corporate insiders.

Nicolet Bankshares Stock Down 1.4%

Shares of Nicolet Bankshares stock opened at $148.32 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The company has a 50-day moving average of $142.86 and a 200 day moving average of $133.99. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 15.13 and a beta of 0.77. Nicolet Bankshares Inc. has a 1 year low of $97.90 and a 1 year high of $163.11.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, January 20th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.55 by $0.18. The business had revenue of $103.99 million for the quarter, compared to analyst estimates of $79.67 million. Nicolet Bankshares had a net margin of 26.98% and a return on equity of 12.49%. As a group, sell-side analysts anticipate that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, March 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.06%.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.