Anchor Capital Advisors LLC Acquires 6,285 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Anchor Capital Advisors LLC raised its holdings in Nicolet Bankshares, Inc. (NYSE:NIC) by 40.6% during the fourth quarter, HoldingsChannel reports. The firm owned 21,769 shares of the company’s stock after acquiring an additional 6,285 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Nicolet Bankshares were worth $1,752,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Nicolet Bankshares in the fourth quarter valued at about $238,000. KLCM Advisors Inc. acquired a new stake in shares of Nicolet Bankshares in the 3rd quarter valued at approximately $215,000. Barclays PLC grew its holdings in shares of Nicolet Bankshares by 13.0% during the 3rd quarter. Barclays PLC now owns 13,081 shares of the company’s stock valued at $913,000 after purchasing an additional 1,506 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Nicolet Bankshares by 1.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,250 shares of the company’s stock valued at $994,000 after purchasing an additional 250 shares during the last quarter. Finally, Swiss National Bank increased its position in Nicolet Bankshares by 1.4% during the 3rd quarter. Swiss National Bank now owns 29,100 shares of the company’s stock worth $2,031,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 43.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NIC. TheStreet raised shares of Nicolet Bankshares from a “c+” rating to a “b” rating in a research note on Wednesday, January 17th. Hovde Group raised Nicolet Bankshares from a “market perform” rating to an “outperform” rating in a report on Monday, March 4th. Stephens dropped their target price on Nicolet Bankshares from $92.00 to $88.00 and set an “equal weight” rating for the company in a research report on Thursday, April 18th. Keefe, Bruyette & Woods boosted their price target on Nicolet Bankshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Finally, Piper Sandler cut their target price on shares of Nicolet Bankshares from $88.00 to $82.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.88.

Insider Activity

In related news, Director Robert Bruce Atwell sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $81.93, for a total value of $163,860.00. Following the transaction, the director now owns 42,889 shares in the company, valued at $3,513,895.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 16.40% of the company’s stock.

Nicolet Bankshares Trading Down 0.5 %

Shares of NYSE NIC traded down $0.40 during trading on Tuesday, reaching $77.68. The company had a trading volume of 4,306 shares, compared to its average volume of 39,139. The stock has a market cap of $1.15 billion, a P/E ratio of 12.03 and a beta of 0.74. The company’s fifty day moving average price is $80.86 and its 200-day moving average price is $78.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.16. Nicolet Bankshares, Inc. has a 12 month low of $51.76 and a 12 month high of $86.86.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, March 7th. Nicolet Bankshares’s dividend payout ratio is presently 15.41%.

Nicolet Bankshares 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.