Caldwell Trust Co Sells 11,820 Shares of Nicolet Bankshares Inc. $NIC

Caldwell Trust Co lowered its holdings in Nicolet Bankshares Inc. (NYSE:NIC) by 94.0% in the third quarter, HoldingsChannel.com reports. The firm owned 758 shares of the company’s stock after selling 11,820 shares during the quarter. Caldwell Trust Co’s holdings in Nicolet Bankshares were worth $124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NIC. BlackRock Inc. lifted its position in shares of Nicolet Bankshares by 86.3% during the second quarter. BlackRock Inc. now owns 3,027,246 shares of the company’s stock valued at $500,676,000 after purchasing an additional 1,402,419 shares in the last quarter. State Street Corp raised its position in shares of Nicolet Bankshares by 65.1% in the second quarter. State Street Corp now owns 1,174,560 shares of the company’s stock valued at $194,244,000 after purchasing an additional 463,199 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Nicolet Bankshares by 32.1% in the first quarter. Dimensional Fund Advisors LP now owns 819,274 shares of the company’s stock worth $121,756,000 after acquiring an additional 198,997 shares during the period. Jennison Associates LLC bought a new stake in shares of Nicolet Bankshares during the first quarter valued at about $31,794,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Nicolet Bankshares during the 2nd quarter valued at $30,896,000. 43.06% of the stock is owned by institutional investors.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Atwell sold 3,556 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $171.22, for a total transaction of $608,858.32. Following the transaction, the director owned 34,483 shares in the company, valued at approximately $5,904,179.26. This trade represents a 9.35% 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. 7.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on NIC shares. Weiss Ratings downgraded Nicolet Bankshares from a “buy (a+)” rating to a “buy (a)” rating in a report on Friday, October 23rd. Piper Sandler lifted their target price on shares of Nicolet Bankshares from $194.00 to $196.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Keefe, Bruyette & Woods lifted their price target on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Stephens boosted their price target on Nicolet Bankshares from $185.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $184.80.

Nicolet Bankshares Stock Up 0.2%

NIC stock opened at $173.16 on Friday. The company has a market capitalization of $3.60 billion, a P/E ratio of 19.15 and a beta of 0.67. Nicolet Bankshares Inc. has a twelve month low of $118.33 and a twelve month high of $180.00. The firm has a 50 day simple moving average of $168.10 and a 200-day simple moving average of $157.98. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.04.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.08. The business had revenue of $174.43 million for the quarter, compared to analyst estimates of $173.64 million. Nicolet Bankshares had a net margin of 22.11% and a return on equity of 11.27%. On average, equities research analysts predict that Nicolet Bankshares Inc. will post 12.10 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.44 dividend on an annualized basis and a yield of 0.8%. Nicolet Bankshares’s payout ratio is currently 15.93%.

Nicolet Bankshares Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Nicolet National Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Nicolet National Bank offers commercial and consumer lending, deposit accounts, residential and commercial real estate financing, treasury management and other business banking services. Its offerings also include wealth management, trust and investment services, mortgage banking and related financial solutions.

Founded in 2000, Nicolet has built a community-banking franchise serving customers primarily in Wisconsin and neighboring market areas.