Johnson Financial Group Inc. Has $476,000 Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Johnson Financial Group Inc. lifted its stake in Nicolet Bankshares, Inc. (NYSE:NICFree Report) by 745.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,915 shares of the company’s stock after purchasing an additional 5,215 shares during the period. Johnson Financial Group Inc.’s holdings in Nicolet Bankshares were worth $476,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. KLCM Advisors Inc. acquired a new stake in Nicolet Bankshares during the 3rd quarter worth $215,000. SG Americas Securities LLC acquired a new stake in Nicolet Bankshares during the 4th quarter worth $238,000. Merit Financial Group LLC grew its holdings in Nicolet Bankshares by 8.0% during the 4th quarter. Merit Financial Group LLC now owns 3,331 shares of the company’s stock worth $268,000 after acquiring an additional 246 shares during the period. Barclays PLC grew its holdings 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 acquiring an additional 1,506 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Nicolet Bankshares by 1.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,250 shares of the company’s stock worth $994,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Trading Up 0.5 %

Shares of NYSE NIC traded up $0.39 during midday trading on Friday, reaching $81.01. 35,183 shares of the stock were exchanged, compared to its average volume of 23,924. The business has a 50-day simple moving average of $81.16 and a two-hundred day simple moving average of $79.52. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 12.48 and a beta of 0.76. Nicolet Bankshares, Inc. has a 12 month low of $61.24 and a 12 month high of $86.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95.

Nicolet Bankshares (NYSE:NICGet Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The company reported $1.72 EPS 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, equities research analysts expect that Nicolet Bankshares, Inc. will post 6.85 EPS for the current year.

Nicolet Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be given 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 1.38%. The ex-dividend date is Monday, June 3rd. Nicolet Bankshares’s payout ratio is currently 17.26%.

Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $81.93, for a total value of $163,860.00. Following the sale, the director now directly owns 42,889 shares of the company’s stock, valued at approximately $3,513,895.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Nicolet Bankshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Stephens reduced their price target on shares of Nicolet Bankshares from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 18th. Piper Sandler reduced their price target on shares of Nicolet Bankshares from $88.00 to $82.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. Finally, Hovde Group raised shares of Nicolet Bankshares from a “market perform” rating to an “outperform” rating in a research report on Monday, March 4th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $87.88.

Check Out Our Latest Research Report on NIC

About Nicolet Bankshares

(Free Report)

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.

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Institutional Ownership by Quarter for Nicolet Bankshares (NYSE:NIC)

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