Anchor Capital Advisors LLC Raises Stock Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Anchor Capital Advisors LLC boosted its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,936 shares of the company’s stock after purchasing an additional 167 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.15% of Nicolet Bankshares worth $1,886,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Nicolet Bankshares by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 542,091 shares of the company’s stock worth $43,629,000 after acquiring an additional 20,299 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Nicolet Bankshares by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 101,665 shares of the company’s stock worth $8,182,000 after buying an additional 2,036 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Nicolet Bankshares by 9.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 45,364 shares of the company’s stock worth $3,901,000 after buying an additional 3,905 shares during the period. Empowered Funds LLC boosted its position in shares of Nicolet Bankshares by 7.8% during the first quarter. Empowered Funds LLC now owns 33,683 shares of the company’s stock worth $2,896,000 after buying an additional 2,450 shares during the period. Finally, Mendon Capital Advisors Corp purchased a new position in shares of Nicolet Bankshares during the fourth quarter worth $2,012,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Trading Up 2.7 %

Shares of NIC stock traded up $2.32 on Monday, reaching $89.23. 61,011 shares of the stock were exchanged, compared to its average volume of 36,587. The stock has a market cap of $1.33 billion, a P/E ratio of 13.39 and a beta of 0.77. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $80.52 and a two-hundred day moving average of $80.14. Nicolet Bankshares, Inc. has a 1-year low of $63.58 and a 1-year high of $91.13.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, April 16th. The company reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.02). Nicolet Bankshares had a return on equity of 9.91% and a net margin of 20.60%. The firm had revenue of $82.73 million for the quarter, compared to analyst estimates of $81.40 million. On average, research analysts anticipate that Nicolet Bankshares, Inc. will post 6.85 EPS for the current year.

Nicolet Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were given a $0.28 dividend. This is a boost from Nicolet Bankshares’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Monday, June 3rd. Nicolet Bankshares’s dividend payout ratio is presently 17.26%.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $76.70, for a total transaction of $76,700.00. Following the transaction, the director now owns 88,218 shares of the company’s stock, valued at $6,766,320.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $76.70, for a total value of $76,700.00. Following the transaction, the director now owns 88,218 shares of the company’s stock, valued at $6,766,320.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Merkatoris sold 522 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $79.00, for a total transaction of $41,238.00. Following the completion of the sale, the director now owns 91,702 shares in the company, valued at approximately $7,244,458. The disclosure for this sale can be found here. Insiders sold a total of 1,528 shares of company stock valued at $118,412 in the last ninety days. Insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

NIC has been the topic of a number of research analyst reports. Stephens cut their target price on 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 dropped their target price on 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, Keefe, Bruyette & Woods boosted their target price on Nicolet Bankshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.88.

Nicolet Bankshares 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.