Bank of New York Mellon Corp Raises Stock Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Bank of New York Mellon Corp boosted its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 58,247 shares of the company’s stock after purchasing an additional 950 shares during the quarter. Bank of New York Mellon Corp’s holdings in Nicolet Bankshares were worth $6,111,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in shares of Nicolet Bankshares during the fourth quarter worth $128,000. Quantbot Technologies LP acquired a new position in shares of Nicolet Bankshares during the third quarter valued at about $155,000. Virtu Financial LLC acquired a new position in shares of Nicolet Bankshares during the third quarter valued at about $264,000. Quest Partners LLC raised its position in shares of Nicolet Bankshares by 858.0% in the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after purchasing an additional 2,617 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Nicolet Bankshares by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after purchasing an additional 1,010 shares in the last quarter. 43.06% of the stock is currently owned by institutional investors.

Insider Transactions at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 3,102 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $117.65, for a total value of $364,950.30. Following the transaction, the director now directly owns 33,816 shares of the company’s stock, valued at approximately $3,978,452.40. This trade represents a 8.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan L. Merkatoris sold 1,000 shares of the 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 of the company’s stock, valued at approximately $9,148,396.86. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,527 shares of company stock valued at $996,674 in the last three months. 16.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Nicolet Bankshares Trading Up 2.1 %

Shares of Nicolet Bankshares stock opened at $112.17 on Monday. The firm has a fifty day moving average price of $112.62 and a 200 day moving average price of $106.58. The stock has a market cap of $1.71 billion, a PE ratio of 13.97 and a beta of 0.76. Nicolet Bankshares, Inc. has a 1 year low of $75.24 and a 1 year 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.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Equities research analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, March 10th. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.95%.

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.