Alliancebernstein L.P. Decreases Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Alliancebernstein L.P. decreased its holdings in Nicolet Bankshares, Inc. (NYSE:NIC) by 0.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 350,694 shares of the company’s stock after selling 1,810 shares during the period. Alliancebernstein L.P.’s holdings in Nicolet Bankshares were worth $36,791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Nicolet Bankshares by 132.8% during the fourth quarter. JPMorgan Chase & Co. now owns 76,385 shares of the company’s stock valued at $8,014,000 after buying an additional 43,567 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Nicolet Bankshares by 284.8% in the 4th quarter. Teacher Retirement System of Texas now owns 22,035 shares of the company’s stock valued at $2,312,000 after acquiring an additional 16,308 shares during the last quarter. Barclays PLC boosted its holdings in Nicolet Bankshares by 170.7% during the 3rd quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after acquiring an additional 15,121 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in Nicolet Bankshares during the 4th quarter worth approximately $1,586,000. Finally, State Street Corp increased its stake in Nicolet Bankshares by 3.7% in the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock worth $36,507,000 after purchasing an additional 13,772 shares during the period. Institutional investors own 43.06% of the company’s stock.

Insiders Place Their Bets

In other news, Director Susan L. Merkatoris sold 300 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $115.26, for a total value of $34,578.00. Following the completion of the transaction, the director now owns 81,918 shares in the company, valued at $9,441,868.68. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Bruce Atwell sold 3,102 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $117.65, for a total value of $364,950.30. Following the sale, the director now owns 33,816 shares in the company, valued at $3,978,452.40. This represents a 8.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,527 shares of company stock worth $996,674 over the last three months. Company insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NIC. 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. Keefe, Bruyette & Woods increased their price target on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 23rd. Finally, Maxim Group boosted their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd.

Nicolet Bankshares Trading Down 1.7 %

NYSE NIC opened at $100.95 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares, Inc. has a fifty-two week low of $75.24 and a fifty-two week high of $121.52. The stock has a market cap of $1.53 billion, a P/E ratio of 12.57 and a beta of 0.69. The stock has a 50 day simple moving average of $114.11 and a two-hundred day simple moving average of $108.01.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, beating 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%. On average, analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, March 10th. Nicolet Bankshares’s dividend payout ratio is currently 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.