Anchor Capital Advisors LLC Purchases 97 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Anchor Capital Advisors LLC raised its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 0.4% during the fourth quarter, Holdings Channel reports. The fund owned 23,356 shares of the company’s stock after buying an additional 97 shares during the period. Anchor Capital Advisors LLC’s holdings in Nicolet Bankshares were worth $2,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in shares of Nicolet Bankshares in the 4th quarter valued at $128,000. Quantbot Technologies LP bought a new stake in Nicolet Bankshares in the third quarter worth $155,000. Virtu Financial LLC purchased a new stake in Nicolet Bankshares during the third quarter valued at about $264,000. Quest Partners LLC grew its stake in shares of Nicolet Bankshares by 858.0% during the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after buying an additional 2,617 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Nicolet Bankshares by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after buying an additional 1,010 shares during the period. 43.06% of the stock is currently owned by institutional investors.

Nicolet Bankshares Stock Up 1.0 %

Shares of NYSE:NIC opened at $119.84 on Friday. The stock’s 50-day moving average is $110.87 and its 200 day moving average is $104.95. The company has a market cap of $1.82 billion, a PE ratio of 14.92 and a beta of 0.77. 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 $75.24 and a 1 year high of $120.25.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, March 10th. Nicolet Bankshares’s dividend payout ratio is currently 13.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NIC shares. Maxim Group increased their target price on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Piper Sandler increased 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. Finally, Keefe, Bruyette & Woods raised their target price on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Nicolet Bankshares has an average rating of “Hold” and an average price target of $119.00.

Insider Activity

In other news, Director Robert Bruce Atwell sold 8,945 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $113.00, for a total value of $1,010,785.00. Following the transaction, the director now owns 32,831 shares in the company, valued at $3,709,903. This represents a 21.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Merkatoris sold 1,000 shares of Nicolet Bankshares stock in a transaction on Monday, January 27th. The stock was sold at an average price of $111.27, for a total transaction of $111,270.00. Following the transaction, the director now owns 82,218 shares in the company, valued at $9,148,396.86. This represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,227 shares of company stock valued at $3,222,096 in the last 90 days. 16.40% of the stock is currently owned by insiders.

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.