Swiss National Bank Sells 2,900 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Swiss National Bank cut its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 10.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,200 shares of the company’s stock after selling 2,900 shares during the period. Swiss National Bank’s holdings in Nicolet Bankshares were worth $2,109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NIC. FMR LLC grew its stake in shares of Nicolet Bankshares by 54.2% during the 3rd quarter. FMR LLC now owns 556,958 shares of the company’s stock worth $38,865,000 after acquiring an additional 195,707 shares in the last quarter. Anchor Capital Advisors LLC boosted its holdings in Nicolet Bankshares by 40.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 21,769 shares of the company’s stock worth $1,752,000 after purchasing an additional 6,285 shares during the last quarter. KLCM Advisors Inc. bought a new position in Nicolet Bankshares in the third quarter valued at $215,000. SG Americas Securities LLC acquired a new stake in Nicolet Bankshares in the 4th quarter valued at $238,000. Finally, Barclays PLC lifted its position in Nicolet Bankshares by 13.0% during the 3rd quarter. Barclays PLC now owns 13,081 shares of the company’s stock worth $913,000 after buying an additional 1,506 shares in the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Stock Up 0.1 %

NIC stock opened at $80.68 on Friday. Nicolet Bankshares, Inc. has a 1-year low of $61.24 and a 1-year high of $86.86. The business’s 50 day simple moving average is $81.16 and its 200 day simple moving average is $79.49. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.20 billion, a PE ratio of 12.43 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, April 16th. The company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.02). The company had revenue of $82.73 million during the quarter, compared to the consensus estimate of $81.40 million. Nicolet Bankshares had a net margin of 20.60% and a return on equity of 9.91%. As a group, research analysts anticipate that Nicolet Bankshares, Inc. will post 6.85 EPS for the current year.

Nicolet Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be issued a $0.28 dividend. This is a boost from Nicolet Bankshares’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 1.39%. The ex-dividend date is Monday, June 3rd. Nicolet Bankshares’s dividend payout ratio is currently 15.41%.

Insiders Place Their Bets

In other news, Director Robert Bruce Atwell sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $81.93, for a total value of $163,860.00. Following the transaction, the director now owns 42,889 shares of the company’s stock, valued at $3,513,895.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NIC. Stephens dropped their target price on Nicolet Bankshares from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, April 18th. Keefe, Bruyette & Woods increased their price objective on Nicolet Bankshares from $85.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Hovde Group upgraded shares of Nicolet Bankshares from a “market perform” rating to an “outperform” rating in a report on Monday, March 4th. Finally, Piper Sandler cut their price target on shares of Nicolet Bankshares from $88.00 to $82.50 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $87.88.

About Nicolet Bankshares

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.