Brandywine Global Investment Management LLC Trims Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Brandywine Global Investment Management LLC decreased its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,578 shares of the company’s stock after selling 700 shares during the period. Brandywine Global Investment Management LLC owned 0.12% of Nicolet Bankshares worth $1,949,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in Nicolet Bankshares by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock worth $11,132,000 after acquiring an additional 3,650 shares during the period. FMR LLC raised its position in shares of Nicolet Bankshares by 0.5% in the third quarter. FMR LLC now owns 589,766 shares of the company’s stock worth $56,399,000 after buying an additional 2,654 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Nicolet Bankshares in the third quarter worth $155,000. BNP Paribas Financial Markets grew its position in Nicolet Bankshares by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after buying an additional 1,010 shares in the last quarter. Finally, PDT Partners LLC bought a new position in Nicolet Bankshares in the 3rd quarter worth about $412,000. Institutional investors own 43.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Maxim Group lifted their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Finally, Piper Sandler lifted their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd.

Insider Activity

In other news, Director Susan L. Merkatoris sold 300 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the sale, the director now owns 81,918 shares of the company’s stock, valued at approximately $9,441,868.68. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Bruce Atwell sold 3,975 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was 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. This represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,527 shares of company stock valued at $996,674. 16.40% of the stock is currently owned by insiders.

Nicolet Bankshares Stock Performance

Shares of NYSE NIC opened at $110.15 on Thursday. The stock’s 50-day moving average is $114.41 and its 200 day moving average is $107.94. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 13.72 and a beta of 0.76. Nicolet Bankshares, Inc. has a 1-year low of $75.24 and a 1-year high of $121.52. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.02%. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 13.95%.

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.