Wealth Enhancement Advisory Services LLC Purchases 3,905 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Wealth Enhancement Advisory Services LLC raised its position in Nicolet Bankshares, Inc. (NYSE:NIC) by 9.4% during the first quarter, Holdings Channel.com reports. The fund owned 45,364 shares of the company’s stock after purchasing an additional 3,905 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Nicolet Bankshares were worth $3,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Nicolet Bankshares in the 4th quarter worth $238,000. Merit Financial Group LLC boosted its position in Nicolet Bankshares by 8.0% during the 4th quarter. Merit Financial Group LLC now owns 3,331 shares of the company’s stock valued at $268,000 after acquiring an additional 246 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Nicolet Bankshares by 745.0% during the 4th quarter. Johnson Financial Group Inc. now owns 5,915 shares of the company’s stock worth $476,000 after acquiring an additional 5,215 shares during the period. Anchor Capital Advisors LLC raised its position in shares of Nicolet Bankshares by 40.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 21,769 shares of the company’s stock worth $1,752,000 after acquiring an additional 6,285 shares in the last quarter. Finally, Mendon Capital Advisors Corp purchased a new position in shares of Nicolet Bankshares in the 4th quarter valued at approximately $2,012,000. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Stock Up 1.3 %

Shares of Nicolet Bankshares stock opened at $82.50 on Wednesday. The company has a 50-day simple moving average of $80.01 and a two-hundred day simple moving average of $80.07. The stock has a market capitalization of $1.23 billion, a PE ratio of 12.71 and a beta of 0.77. Nicolet Bankshares, Inc. has a 52-week low of $63.58 and a 52-week high of $86.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, April 16th. The company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.02). The business had revenue of $82.73 million during the quarter, compared to the consensus estimate of $81.40 million. Nicolet Bankshares had a net margin of 20.60% and a return on equity of 9.91%. On average, analysts anticipate that Nicolet Bankshares, Inc. will post 6.85 EPS for the current fiscal year.

Nicolet Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.36%. This is an increase from Nicolet Bankshares’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, June 3rd. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 17.26%.

Analysts Set New Price Targets

Several equities analysts have commented on NIC shares. Stephens lowered their price objective on Nicolet Bankshares from $92.00 to $88.00 and set an “equal weight” rating for the company in a research report on Thursday, April 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Nicolet Bankshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. Finally, Piper Sandler decreased their target price on shares of Nicolet Bankshares from $88.00 to $82.50 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.88.

Insiders Place Their Bets

In other news, Director Susan L. Merkatoris sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $76.70, for a total transaction of $76,700.00. Following the sale, the director now owns 88,218 shares of the company’s stock, valued at approximately $6,766,320.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $76.70, for a total transaction of $76,700.00. Following the transaction, the director now owns 88,218 shares in the company, valued at $6,766,320.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Susan L. Merkatoris sold 522 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $79.00, for a total transaction of $41,238.00. Following the completion of the sale, the director now directly owns 91,702 shares of the company’s stock, valued at approximately $7,244,458. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,528 shares of company stock valued at $118,412. 16.40% of the stock is owned by insiders.

Nicolet Bankshares 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.