Sugar Maple Asset Management LLC Trims Stock Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Sugar Maple Asset Management LLC reduced its position in Nicolet Bankshares, Inc. (NYSE:NIC) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,494 shares of the company’s stock after selling 517 shares during the period. Nicolet Bankshares accounts for 1.0% of Sugar Maple Asset Management LLC’s portfolio, making the stock its 19th biggest position. Sugar Maple Asset Management LLC’s holdings in Nicolet Bankshares were worth $1,099,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Nicolet Bankshares by 1.2% in the first quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock worth $60,704,000 after purchasing an additional 8,213 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Nicolet Bankshares by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock valued at $48,783,000 after purchasing an additional 16,952 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Nicolet Bankshares by 2,480.2% in the 1st quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after purchasing an additional 157,566 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Nicolet Bankshares by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock worth $5,479,000 after buying an additional 4,007 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Nicolet Bankshares by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock valued at $3,783,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Price Performance

NYSE:NIC opened at $111.84 on Friday. The firm’s fifty day moving average is $99.88 and its two-hundred day moving average is $91.35. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 14.23 and a beta of 0.75. Nicolet Bankshares, Inc. has a one year low of $72.70 and a one year high of $116.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. The business had revenue of $91.24 million for the quarter, compared to analysts’ expectations of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. Research analysts expect that Nicolet Bankshares, Inc. will post 7.74 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors 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 1.00%. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Analyst Ratings Changes

Separately, Maxim Group increased their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.00.

Insider Buying and Selling

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 6,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $115.30, for a total transaction of $691,800.00. Following the transaction, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at $3,075,512.20. This trade represents a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $103.22, for a total transaction of $300,163.76. Following the completion of the sale, the director now owns 35,815 shares in the company, valued at approximately $3,696,824.30. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,156 shares of company stock valued at $7,324,308. 16.40% of the stock is owned by company insiders.

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.