NorthRock Partners LLC Decreases Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

NorthRock Partners LLC lowered its stake in Nicolet Bankshares, Inc. (NYSE:NIC) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in Nicolet Bankshares during the 2nd quarter valued at about $67,000. EntryPoint Capital LLC grew its stake in shares of Nicolet Bankshares by 97.3% during the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after buying an additional 543 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Nicolet Bankshares during the 1st quarter worth approximately $201,000. ProShare Advisors LLC purchased a new position in Nicolet Bankshares during the 1st quarter valued at $203,000. Finally, SG Americas Securities LLC bought a new position in Nicolet Bankshares in the 3rd quarter valued at $412,000. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 14,171 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $103.00, for a total transaction of $1,459,613.00. Following the sale, the director now owns 33,315 shares of the company’s stock, valued at $3,431,445. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 14,171 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $103.00, for a total value of $1,459,613.00. Following the completion of the sale, the director now directly owns 33,315 shares in the company, valued at $3,431,445. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael E. Daniels sold 8,003 shares of the company’s 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 directly owns 72,402 shares in the company, valued at approximately $7,166,349.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 36,142 shares of company stock valued at $3,685,043. Corporate insiders own 16.40% of the company’s stock.

Nicolet Bankshares Stock Performance

NIC stock opened at $114.81 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares, Inc. has a 1-year low of $71.51 and a 1-year high of $115.00. The business has a 50-day moving average price of $97.46 and a 200 day moving average price of $89.61. The company has a market capitalization of $1.75 billion, a P/E ratio of 14.61 and a beta of 0.75.

Nicolet Bankshares Announces Dividend

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

Analyst Ratings Changes

NIC has been the subject of a number of recent analyst reports. Stephens boosted their target price on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Piper Sandler boosted their price objective on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research report 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 report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $106.00.

About Nicolet Bankshares

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.