Nicolet Bankshares, Inc. (NYSE:NIC) Holdings Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 21.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,364 shares of the company’s stock after selling 5,984 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Nicolet Bankshares were worth $2,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NIC. BNP Paribas Financial Markets boosted its position in Nicolet Bankshares by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after purchasing an additional 1,010 shares during the period. Quantbot Technologies LP acquired a new position in shares of Nicolet Bankshares during the third quarter valued at $155,000. FMR LLC grew its position in shares of Nicolet Bankshares by 0.5% during the third quarter. FMR LLC now owns 589,766 shares of the company’s stock worth $56,399,000 after acquiring an additional 2,654 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Nicolet Bankshares by 7.9% in the 3rd quarter. Fisher Asset Management LLC now owns 14,978 shares of the company’s stock worth $1,432,000 after acquiring an additional 1,092 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Nicolet Bankshares by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock valued at $11,132,000 after purchasing an additional 3,650 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Nicolet Bankshares Stock Performance

Shares of NYSE NIC opened at $112.15 on Monday. The stock’s fifty day simple moving average is $106.63 and its 200 day simple moving average is $95.76. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 14.27 and a beta of 0.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 52-week low of $73.00 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, beating analysts’ consensus estimates of $1.91 by $0.13. The business had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. As a group, sell-side analysts forecast that Nicolet Bankshares, Inc. will post 7.61 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 14.25%.

Wall Street Analyst Weigh In

Several brokerages have commented on NIC. Maxim Group raised their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods lifted their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Nicolet Bankshares presently has a consensus rating of “Hold” and an average price target of $112.00.

Insider Activity

In other news, Director Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $101.01, for a total transaction of $252,525.00. Following the transaction, the director now owns 33,315 shares in the company, valued at approximately $3,365,148.15. The trade was a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brad Vincent Hutjens sold 4,560 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $102.85, for a total value of $468,996.00. Following the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at $2,743,420.90. The trade was a 14.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,507 shares of company stock worth $9,626,332 over the last 90 days. 16.40% of the stock is owned by company insiders.

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.