Alliancebernstein L.P. Sells 1,810 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Alliancebernstein L.P. lowered its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 350,694 shares of the company’s stock after selling 1,810 shares during the quarter. Alliancebernstein L.P. owned approximately 2.31% of Nicolet Bankshares worth $36,791,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NIC. JPMorgan Chase & Co. grew its position in shares of Nicolet Bankshares by 132.8% during the 4th quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company’s stock valued at $8,014,000 after acquiring an additional 43,567 shares during the period. KLP Kapitalforvaltning AS bought a new position in Nicolet Bankshares during the fourth quarter valued at $304,000. American Century Companies Inc. increased its position in Nicolet Bankshares by 10.4% in the fourth quarter. American Century Companies Inc. now owns 31,576 shares of the company’s stock worth $3,313,000 after buying an additional 2,984 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Nicolet Bankshares by 30.7% in the fourth quarter. Quantbot Technologies LP now owns 2,116 shares of the company’s stock valued at $222,000 after buying an additional 497 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in shares of Nicolet Bankshares by 284.8% during the 4th quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company’s stock valued at $2,312,000 after buying an additional 16,308 shares during the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Stock Performance

Shares of NIC opened at $100.95 on Friday. Nicolet Bankshares, Inc. has a 52-week low of $75.24 and a 52-week high of $121.52. The stock’s 50-day simple moving average is $114.11 and its 200 day simple moving average is $108.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 12.57 and a beta of 0.69.

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

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, March 10th. Nicolet Bankshares’s payout ratio is 13.95%.

Insider Activity

In other news, Director Robert Bruce Atwell sold 3,102 shares of Nicolet Bankshares stock in a transaction dated 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 approximately $3,978,452.40. This trade represents a 8.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan L. Merkatoris sold 300 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the transaction, the director now owns 81,918 shares in the company, valued at approximately $9,441,868.68. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,527 shares of company stock worth $996,674 in the last three months. Corporate insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.