Stifel Financial Corp Sells 164 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Stifel Financial Corp decreased its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,846 shares of the company’s stock after selling 164 shares during the quarter. Stifel Financial Corp’s holdings in Nicolet Bankshares were worth $1,515,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NIC. Principal Financial Group Inc. boosted its position in shares of Nicolet Bankshares by 9.9% in the second quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after acquiring an additional 555 shares during the period. Creative Planning grew its stake in shares of Nicolet Bankshares by 6.6% during the third quarter. Creative Planning now owns 12,484 shares of the company’s stock valued at $1,194,000 after buying an additional 777 shares during the last quarter. Rothschild Investment LLC bought a new stake in Nicolet Bankshares during the 2nd quarter valued at $67,000. BNP Paribas Financial Markets lifted its holdings in Nicolet Bankshares by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after buying an additional 1,010 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Nicolet Bankshares by 7.9% in the third quarter. Fisher Asset Management LLC now owns 14,978 shares of the company’s stock valued at $1,432,000 after acquiring an additional 1,092 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $101.01, for a total transaction of $252,525.00. Following the transaction, the director now directly owns 33,315 shares of the company’s stock, valued at approximately $3,365,148.15. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brad Vincent Hutjens sold 4,560 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $102.85, for a total value of $468,996.00. Following the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at $2,743,420.90. The trade was a 14.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,507 shares of company stock worth $9,626,332 over the last 90 days. Company insiders own 16.40% of the company’s stock.

Nicolet Bankshares Trading Up 0.5 %

Nicolet Bankshares stock opened at $106.01 on Friday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 13.49 and a beta of 0.76. 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 firm has a 50 day moving average of $108.13 and a 200 day moving average of $96.66. Nicolet Bankshares, Inc. has a 12-month low of $73.00 and a 12-month high of $116.17.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The business had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $86.50 million. As a group, research analysts predict that Nicolet Bankshares, Inc. will post 7.61 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.06%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares’s payout ratio is 14.25%.

Analyst Ratings Changes

NIC has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price objective on Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Maxim Group upped their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Nicolet Bankshares presently has an average rating of “Hold” and a consensus price target of $112.00.

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.