Jackson Creek Investment Advisors LLC Purchases New Shares in Nicolet Bankshares, Inc. (NYSE:NIC)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,117 shares of the company’s stock, valued at approximately $1,586,000. Jackson Creek Investment Advisors LLC owned about 0.10% of Nicolet Bankshares as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC bought a new position in shares of Nicolet Bankshares in the 3rd quarter valued at about $528,000. Barclays PLC raised its position in Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after purchasing an additional 15,121 shares during the period. State Street Corp lifted its stake in shares of Nicolet Bankshares by 3.7% in the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after purchasing an additional 13,772 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Nicolet Bankshares by 111.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock worth $3,138,000 after purchasing an additional 17,314 shares during the period. Finally, Verus Wealth Management LLC bought a new position in shares of Nicolet Bankshares during the 4th quarter valued at approximately $551,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Price Performance

NIC opened at $116.97 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $111.76 and a 200 day moving average of $105.75. Nicolet Bankshares, Inc. has a 52-week low of $75.24 and a 52-week high of $121.52. The stock has a market cap of $1.78 billion, a P/E ratio of 14.57 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Monday, March 10th. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.95%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total value of $859,817.00. Following the completion of the sale, the director now directly owns 32,831 shares in the company, valued at $3,709,903. The trade was a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan L. Merkatoris sold 1,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $111.27, for a total transaction of $111,270.00. Following the transaction, the director now directly owns 82,218 shares in the company, valued at $9,148,396.86. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,836 shares of company stock worth $1,821,913. Company insiders own 16.40% of the company’s stock.

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.