Charles Schwab Investment Management Inc. Grows Stake in Nicolet Bankshares, Inc. (NYSE:NIC)

Charles Schwab Investment Management Inc. raised its stake in Nicolet Bankshares, Inc. (NYSE:NIC) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,925 shares of the company’s stock after purchasing an additional 11,516 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Nicolet Bankshares were worth $13,421,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System purchased a new stake in shares of Nicolet Bankshares during the fourth quarter worth about $128,000. Quantbot Technologies LP purchased a new stake in shares of Nicolet Bankshares during the third quarter worth about $155,000. Virtu Financial LLC purchased a new stake in shares of Nicolet Bankshares during the third quarter worth about $264,000. Quest Partners LLC increased its position in shares of Nicolet Bankshares by 858.0% during the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock worth $279,000 after acquiring an additional 2,617 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Nicolet Bankshares by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after acquiring an additional 1,010 shares during the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert Bruce Atwell sold 3,975 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the completion of the transaction, the director now owns 30,317 shares of the company’s stock, valued at approximately $3,579,831.36. This represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan L. Merkatoris sold 300 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $115.26, for a total transaction of $34,578.00. Following the transaction, the director now directly owns 81,918 shares of the company’s stock, valued at $9,441,868.68. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,527 shares of company stock worth $996,674 in the last ninety days. Corporate insiders own 16.40% of the company’s stock.

Nicolet Bankshares Price Performance

NYSE NIC opened at $111.14 on Friday. The stock has a market capitalization of $1.69 billion, a P/E ratio of 13.84 and a beta of 0.76. Nicolet Bankshares, Inc. has a 1 year low of $75.24 and a 1 year high of $121.52. The business’s fifty day moving average is $113.68 and its two-hundred day moving average is $107.00. 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 (NYSE:NIC) last posted its quarterly earnings data 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 net margin of 23.83% and a return on equity of 10.95%. On average, research analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, March 10th. Nicolet Bankshares’s dividend payout ratio is currently 13.95%.

Analysts Set New Price Targets

NIC has been the subject of a number of research reports. Piper Sandler lifted their price target on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Maxim Group lifted their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd.

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.