Vanguard Group Inc. Has $96.18 Million Stake in Nicolet Bankshares Inc. $NIC

Vanguard Group Inc. cut its holdings in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 715,104 shares of the company’s stock after selling 33,848 shares during the quarter. Vanguard Group Inc. owned about 4.83% of Nicolet Bankshares worth $96,181,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Boston Partners raised its position in shares of Nicolet Bankshares by 2.0% in the second quarter. Boston Partners now owns 141,860 shares of the company’s stock valued at $17,609,000 after purchasing an additional 2,779 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Nicolet Bankshares by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 60,004 shares of the company’s stock worth $7,409,000 after buying an additional 1,940 shares during the period. First Trust Advisors LP grew its stake in Nicolet Bankshares by 50.6% in the 2nd quarter. First Trust Advisors LP now owns 519,013 shares of the company’s stock valued at $64,088,000 after buying an additional 174,361 shares during the last quarter. Caldwell Trust Co bought a new position in Nicolet Bankshares in the 2nd quarter valued at about $1,553,000. Finally, Envestnet Asset Management Inc. raised 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 valued at $773,000 after acquiring an additional 493 shares during the period. Institutional investors own 43.06% of the company’s stock.

Insider Buying and Selling

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 6,396 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $155.47, for a total value of $994,386.12. Following the transaction, the director directly owned 34,054 shares of the company’s stock, valued at $5,294,375.38. This trade represents a 15.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NIC has been the subject of a number of research analyst reports. Piper Sandler upgraded Nicolet Bankshares from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $148.00 to $185.00 in a report on Thursday, February 19th. Maxim Group lifted their price target on Nicolet Bankshares from $161.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their price target on Nicolet Bankshares from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Nicolet Bankshares in a research report on Thursday, January 22nd. Finally, Zacks Research raised Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $179.50.

Nicolet Bankshares Price Performance

Nicolet Bankshares stock opened at $150.22 on Friday. The firm has a market cap of $2.22 billion, a PE ratio of 15.33 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. The stock’s fifty day moving average price is $142.37 and its two-hundred day moving average price is $133.81. Nicolet Bankshares Inc. has a one year low of $97.90 and a one year high of $163.11.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, January 20th. The company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.18. Nicolet Bankshares had a return on equity of 12.49% and a net margin of 26.98%.The firm had revenue of $103.99 million during the quarter, compared to the consensus estimate of $79.67 million. As a group, research analysts expect that Nicolet Bankshares Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. Nicolet Bankshares’s dividend payout ratio is presently 13.06%.

Nicolet Bankshares 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.