KLP Kapitalforvaltning AS Takes Position in Nicolet Bankshares, Inc. (NYSE:NIC)

KLP Kapitalforvaltning AS purchased a new position in shares of Nicolet Bankshares, Inc. (NYSE:NIC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,900 shares of the company’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NIC. New York State Teachers Retirement System purchased a new position in shares of Nicolet Bankshares during the fourth quarter worth about $128,000. Quantbot Technologies LP boosted its position in shares of Nicolet Bankshares by 30.7% in the 4th quarter. Quantbot Technologies LP now owns 2,116 shares of the company’s stock valued at $222,000 after purchasing an additional 497 shares during the period. Virtu Financial LLC purchased a new position in Nicolet Bankshares during the 3rd quarter worth approximately $264,000. BNP Paribas Financial Markets increased its position in Nicolet Bankshares by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after buying an additional 1,010 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new stake in Nicolet Bankshares in the fourth quarter valued at approximately $533,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Trading Down 1.7 %

Shares of NIC stock opened at $100.95 on Monday. The company has a market capitalization of $1.53 billion, a P/E ratio of 12.57 and a beta of 0.69. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $114.11 and its two-hundred day moving average is $108.08. Nicolet Bankshares, Inc. has a twelve month low of $75.24 and a twelve month high of $121.52.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share 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%. Equities analysts forecast that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.11%. Nicolet Bankshares’s dividend payout ratio (DPR) is 13.95%.

Insider Buying and Selling

In other news, Director Robert Bruce Atwell sold 3,975 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the transaction, the director now directly owns 30,317 shares of the company’s stock, valued at $3,579,831.36. This represents a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan L. Merkatoris sold 300 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the transaction, the director now owns 81,918 shares of the company’s stock, valued at $9,441,868.68. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,527 shares of company stock valued at $996,674 over the last ninety days. Corporate insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

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

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.