Nicolet Bankshares, Inc. (NYSE:NIC) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its position in Nicolet Bankshares, Inc. (NYSE:NIC) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,699 shares of the company’s stock after selling 414 shares during the period. Corebridge Financial Inc.’s holdings in Nicolet Bankshares were worth $703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. New York State Teachers Retirement System purchased a new stake in Nicolet Bankshares in the 4th quarter worth approximately $128,000. Quantbot Technologies LP grew its position in shares of Nicolet Bankshares by 30.7% in the fourth 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 acquired a new position in Nicolet Bankshares in the third quarter valued at $264,000. KLP Kapitalforvaltning AS purchased a new position in Nicolet Bankshares during the fourth quarter worth about $304,000. Finally, BNP Paribas Financial Markets lifted 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. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Stock Performance

Nicolet Bankshares stock opened at $100.95 on Monday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 12.57 and a beta of 0.69. Nicolet Bankshares, Inc. has a 12 month low of $75.24 and a 12 month high of $121.52. 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 stock’s 50-day moving average is $114.11 and its 200-day moving average is $108.08.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, beating the consensus estimate 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 anticipate that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Nicolet Bankshares

In other news, Director Susan L. Merkatoris sold 1,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $111.27, for a total value of $111,270.00. Following the completion of the transaction, the director now directly owns 82,218 shares in the company, valued at approximately $9,148,396.86. This represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Bruce Atwell sold 3,975 shares of the firm’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 sale, the director now directly owns 30,317 shares of the company’s stock, valued at approximately $3,579,831.36. The trade was a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,527 shares of company stock worth $996,674. Corporate insiders own 16.40% of the company’s stock.

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.