N.E.W. Advisory Services LLC Has $4.20 Million Stock Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

N.E.W. Advisory Services LLC cut its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,995 shares of the company’s stock after selling 1,049 shares during the period. N.E.W. Advisory Services LLC owned 0.26% of Nicolet Bankshares worth $4,196,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NIC. Quantbot Technologies LP acquired a new position in Nicolet Bankshares during the third quarter valued at approximately $155,000. Virtu Financial LLC acquired a new stake in shares of Nicolet Bankshares in the third quarter valued at approximately $264,000. Quest Partners LLC lifted its position in shares of Nicolet Bankshares by 858.0% in the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after buying an additional 2,617 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Nicolet Bankshares by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after buying an additional 1,010 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Nicolet Bankshares in the third quarter valued at approximately $412,000. 43.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 23rd. Piper Sandler lifted their price target on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Maxim Group lifted their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nicolet Bankshares presently has a consensus rating of “Hold” and an average price target of $119.00.

Insider Activity

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.35, for a total transaction of $1,435,725.00. Following the transaction, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at approximately $2,836,779.90. The trade was a 33.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $113.00, for a total value of $1,010,785.00. Following the transaction, the director now directly owns 32,831 shares in the company, valued at $3,709,903. The trade was a 21.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,518 shares of company stock worth $6,861,203. Insiders own 16.40% of the company’s stock.

Nicolet Bankshares Price Performance

Nicolet Bankshares stock opened at $111.76 on Friday. The stock’s fifty day moving average price is $108.31 and its two-hundred day moving average price is $101.77. Nicolet Bankshares, Inc. has a one year low of $73.00 and a one year high of $116.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $1.70 billion, a PE ratio of 13.92 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. As a group, research analysts expect that Nicolet Bankshares, Inc. will post 8.1 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.28 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. Nicolet Bankshares’s payout ratio is 13.95%.

Nicolet Bankshares Company 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.