45,453 Shares in Nicolet Bankshares Inc. $NIC Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new position in Nicolet Bankshares Inc. (NYSE:NIC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 45,453 shares of the company’s stock, valued at approximately $5,513,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NIC. EverSource Wealth Advisors LLC raised its holdings in shares of Nicolet Bankshares by 3,940.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock worth $25,000 after acquiring an additional 197 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Nicolet Bankshares in the third quarter valued at about $43,000. Clearstead Advisors LLC raised its holdings in shares of Nicolet Bankshares by 192.9% in the fourth quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock valued at $55,000 after purchasing an additional 297 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Nicolet Bankshares in the second quarter valued at about $133,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Nicolet Bankshares by 27,975.0% in the third quarter. Russell Investments Group Ltd. now owns 1,123 shares of the company’s stock valued at $151,000 after purchasing an additional 1,119 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Insider Transactions at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 3,309 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $149.82, for a total transaction of $495,754.38. Following the completion of the sale, the director owned 34,054 shares in the company, valued at approximately $5,101,970.28. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 7.20% of the company’s stock.

Nicolet Bankshares Stock Performance

Shares of NIC stock opened at $140.25 on Friday. The firm has a 50-day moving average of $146.88 and a 200-day moving average of $140.53. The company has a market cap of $2.98 billion, a P/E ratio of 16.44 and a beta of 0.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.91. Nicolet Bankshares Inc. has a one year low of $114.11 and a one year high of $163.11.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). Nicolet Bankshares had a return on equity of 11.48% and a net margin of 21.89%.The company had revenue of $134.85 million for the quarter, compared to analysts’ expectations of $129.74 million. Equities research analysts forecast that Nicolet Bankshares Inc. will post 11.75 EPS for the current fiscal year.

Nicolet Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. This is a boost from Nicolet Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, June 1st. Nicolet Bankshares’s dividend payout ratio is 15.01%.

Analyst Upgrades and Downgrades

NIC has been the subject of several analyst reports. Zacks Research downgraded shares of Nicolet Bankshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Hovde Group lowered their target price on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Piper Sandler lowered their target price on shares of Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $176.50.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.