Nicolet Bankshares, Inc. (NYSE:NIC) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 7.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,683 shares of the company’s stock after buying an additional 2,450 shares during the quarter. Empowered Funds LLC’s holdings in Nicolet Bankshares were worth $2,896,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Mendon Capital Advisors Corp bought a new stake in shares of Nicolet Bankshares in the 4th quarter worth approximately $2,012,000. Dimensional Fund Advisors LP increased its holdings in shares of Nicolet Bankshares by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 542,091 shares of the company’s stock valued at $43,629,000 after buying an additional 20,299 shares in the last quarter. Anchor Capital Advisors LLC increased its holdings in shares of Nicolet Bankshares by 40.6% in the fourth quarter. Anchor Capital Advisors LLC now owns 21,769 shares of the company’s stock valued at $1,752,000 after buying an additional 6,285 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Nicolet Bankshares during the 1st quarter valued at $483,000. Finally, Johnson Financial Group Inc. boosted its stake 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 in the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

Nicolet Bankshares Stock Performance

Shares of Nicolet Bankshares stock opened at $86.91 on Friday. Nicolet Bankshares, Inc. has a 12 month low of $63.58 and a 12 month high of $87.75. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.30 billion, a PE ratio of 13.39 and a beta of 0.77. The business has a fifty day simple moving average of $80.52 and a 200-day simple moving average of $80.15.

Nicolet Bankshares (NYSE:NIC) last announced 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). Nicolet Bankshares had a return on equity of 9.91% and a net margin of 20.60%. The business had revenue of $82.73 million during the quarter, compared to analysts’ expectations of $81.40 million. On average, sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 6.85 EPS for the current fiscal year.

Nicolet Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were issued a dividend of $0.28 per share. This is a boost from Nicolet Bankshares’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Monday, June 3rd. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 17.26%.

Insider Activity at Nicolet Bankshares

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on NIC. Piper Sandler cut their target price on Nicolet Bankshares from $88.00 to $82.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. Stephens cut their price objective on Nicolet Bankshares from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Nicolet Bankshares from $85.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.88.

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.