Nicolet Bankshares, Inc. (NYSE:NIC) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 0.1% during the fourth quarter, HoldingsChannel reports. The firm owned 303,748 shares of the company’s stock after purchasing an additional 357 shares during the quarter. Geode Capital Management LLC’s holdings in Nicolet Bankshares were worth $31,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in Nicolet Bankshares by 3.7% during the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after buying an additional 13,772 shares during the period. Barclays PLC increased its position in shares of Nicolet Bankshares by 170.7% during the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after acquiring an additional 15,121 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Nicolet Bankshares in the third quarter worth about $264,000. JPMorgan Chase & Co. boosted its holdings in Nicolet Bankshares by 111.7% in the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock valued at $3,138,000 after purchasing an additional 17,314 shares during the last quarter. Finally, Merit Financial Group LLC boosted its holdings in Nicolet Bankshares by 1.7% in the fourth quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock valued at $3,624,000 after purchasing an additional 592 shares during the last quarter. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Susan L. Merkatoris sold 1,000 shares of Nicolet Bankshares stock in a transaction that occurred 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 transaction, the director now owns 82,218 shares of the company’s stock, valued at $9,148,396.86. The trade was a 1.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert Bruce Atwell sold 3,102 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $117.65, for a total transaction of $364,950.30. Following the completion of the sale, the director now owns 33,816 shares in the company, valued at $3,978,452.40. The trade was a 8.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,527 shares of company stock worth $996,674. 16.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NIC shares. Piper Sandler cut their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 23rd. Finally, Maxim Group increased their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd.

Nicolet Bankshares Stock Performance

NIC stock opened at $107.66 on Thursday. The company has a market capitalization of $1.64 billion, a P/E ratio of 13.41 and a beta of 0.69. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $112.19 and a 200 day simple moving average of $108.38. Nicolet Bankshares, Inc. has a fifty-two week low of $75.24 and a fifty-two week high of $121.52.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. The company had revenue of $89.43 million during the quarter, compared to analyst estimates of $70.08 million. Sell-side analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares’s payout ratio is currently 13.95%.

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.