NorthRock Partners LLC Reduces Position in Nicolet Bankshares, Inc. (NYSE:NIC)

NorthRock Partners LLC decreased its position in Nicolet Bankshares, Inc. (NYSE:NIC) by 7.7% in the third quarter, HoldingsChannel.com reports. The fund owned 2,963 shares of the company’s stock after selling 247 shares during the period. NorthRock Partners LLC’s holdings in Nicolet Bankshares were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in Nicolet Bankshares by 89.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,456 shares of the company’s stock valued at $555,000 after buying an additional 3,050 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Nicolet Bankshares by 7.8% in the first quarter. Empowered Funds LLC now owns 33,683 shares of the company’s stock worth $2,896,000 after acquiring an additional 2,450 shares during the last quarter. Anchor Capital Advisors LLC increased its position in shares of Nicolet Bankshares by 0.8% during the first quarter. Anchor Capital Advisors LLC now owns 21,936 shares of the company’s stock worth $1,886,000 after purchasing an additional 167 shares in the last quarter. ProShare Advisors LLC acquired a new position in Nicolet Bankshares in the 1st quarter valued at $203,000. Finally, Blair William & Co. IL purchased a new position in Nicolet Bankshares in the 1st quarter valued at $201,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NIC shares. Stephens upped their target price on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Piper Sandler upped their price objective on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Finally, Maxim Group raised their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $106.00.

Insider Activity

In related news, Director Robert Bruce Atwell sold 2,908 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $103.22, for a total value of $300,163.76. Following the completion of the transaction, the director now directly owns 35,815 shares in the company, valued at approximately $3,696,824.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock in a transaction on Friday, October 18th. The stock was sold at an average price of $103.22, for a total value of $300,163.76. Following the sale, the director now owns 35,815 shares in the company, valued at $3,696,824.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael E. Daniels sold 8,003 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $98.98, for a total value of $792,136.94. Following the transaction, the chief executive officer now owns 72,402 shares of the company’s stock, valued at approximately $7,166,349.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,142 shares of company stock valued at $3,685,043. 16.40% of the stock is currently owned by company insiders.

Nicolet Bankshares Trading Up 11.2 %

Shares of NIC opened at $114.81 on Thursday. Nicolet Bankshares, Inc. has a 12-month low of $71.51 and a 12-month high of $115.00. The firm has a market capitalization of $1.75 billion, a P/E ratio of 14.61 and a beta of 0.75. The firm has a 50-day moving average price of $97.46 and a 200 day moving average price of $89.61. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. Nicolet Bankshares’s dividend payout ratio (DPR) is 14.25%.

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.