Fisher Asset Management LLC Cuts Stock Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Fisher Asset Management LLC lessened its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,365 shares of the company’s stock after selling 1,613 shares during the period. Fisher Asset Management LLC owned approximately 0.09% of Nicolet Bankshares worth $1,402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NIC. Anchor Capital Advisors LLC grew its holdings in Nicolet Bankshares by 0.4% in the fourth quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company’s stock valued at $2,450,000 after purchasing an additional 97 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Nicolet Bankshares by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 58,247 shares of the company’s stock worth $6,111,000 after buying an additional 950 shares during the period. Rhumbline Advisers lifted its position in Nicolet Bankshares by 1.5% during the fourth quarter. Rhumbline Advisers now owns 19,955 shares of the company’s stock worth $2,093,000 after buying an additional 299 shares during the period. New York State Teachers Retirement System purchased a new position in Nicolet Bankshares during the fourth quarter worth about $128,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Nicolet Bankshares in the 4th quarter worth about $629,000. Institutional investors and hedge funds own 43.06% of the company’s stock.

Insider Transactions at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 3,102 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $117.65, for a total value of $364,950.30. Following the completion of the transaction, the director now owns 33,816 shares of the company’s stock, valued at approximately $3,978,452.40. This represents a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan L. Merkatoris sold 1,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $111.27, for a total value of $111,270.00. Following the transaction, the director now directly owns 82,218 shares of the company’s stock, valued at $9,148,396.86. This represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,836 shares of company stock valued at $1,821,913. 16.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NIC shares. Piper Sandler raised their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 23rd. Finally, Maxim Group raised their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd.

Nicolet Bankshares Price Performance

Shares of NIC opened at $116.38 on Thursday. Nicolet Bankshares, Inc. has a 52 week low of $75.24 and a 52 week high of $121.52. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $111.56 and a 200-day moving average of $105.67. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 14.49 and a beta of 0.77.

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

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.28 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 0.96%. Nicolet Bankshares’s payout ratio is 13.95%.

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.