Sugar Maple Asset Management LLC Sells 517 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Sugar Maple Asset Management LLC reduced its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 4.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,494 shares of the company’s stock after selling 517 shares during the quarter. Nicolet Bankshares accounts for about 1.0% of Sugar Maple Asset Management LLC’s investment portfolio, making the stock its 19th biggest holding. Sugar Maple Asset Management LLC owned 0.08% of Nicolet Bankshares worth $1,099,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NIC. Dimensional Fund Advisors LP raised its stake in shares of Nicolet Bankshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company’s stock worth $48,783,000 after purchasing an additional 16,952 shares during the last quarter. Janus Henderson Group PLC increased its holdings in 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 buying an additional 157,566 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Nicolet Bankshares in the 3rd quarter worth about $528,000. Creative Planning lifted its stake in Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock valued at $1,194,000 after acquiring an additional 777 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $5,479,000 after acquiring an additional 4,007 shares during the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 14,171 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was 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 29.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brad Vincent Hutjens sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $115.30, for a total transaction of $691,800.00. Following the completion of the sale, the executive vice president now owns 26,674 shares of the company’s stock, valued at $3,075,512.20. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,156 shares of company stock worth $7,324,308. 16.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Maxim Group boosted their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $106.00.

Nicolet Bankshares Trading Up 0.0 %

Shares of NYSE:NIC opened at $111.84 on Friday. 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 $1.70 billion, a price-to-earnings ratio of 14.23 and a beta of 0.75. The stock’s 50-day simple moving average is $99.88 and its two-hundred day simple moving average is $91.35. Nicolet Bankshares, Inc. has a 52-week low of $72.70 and a 52-week high of $116.17.

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

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. Nicolet Bankshares’s payout ratio is currently 14.25%.

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.