6,358 Shares in Nicolet Bankshares Inc. $NIC Purchased by Ellsworth Advisors LLC

Ellsworth Advisors LLC bought a new position in shares of Nicolet Bankshares Inc. (NYSE:NIC) during the 4th quarter, Holdings Channel reports. The firm bought 6,358 shares of the company’s stock, valued at approximately $846,000.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Nicolet Bankshares by 3,940.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock worth $25,000 after acquiring an additional 197 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Nicolet Bankshares in the 3rd quarter valued at approximately $43,000. Parkside Financial Bank & Trust increased its stake in Nicolet Bankshares by 45.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock valued at $79,000 after purchasing an additional 183 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Nicolet Bankshares during the third quarter worth $80,000. Finally, IAG Wealth Partners LLC purchased a new stake in Nicolet Bankshares during the second quarter worth $126,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Stock Performance

Nicolet Bankshares stock opened at $149.83 on Thursday. Nicolet Bankshares Inc. has a fifty-two week low of $97.90 and a fifty-two week high of $163.11. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 15.29 and a beta of 0.74. The stock has a fifty day moving average of $149.89 and a two-hundred day moving average of $135.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.18. The business had revenue of $103.99 million for the quarter, compared to the consensus estimate of $79.67 million. Nicolet Bankshares had a return on equity of 12.49% and a net margin of 26.98%. On average, analysts anticipate that Nicolet Bankshares Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, March 2nd. Nicolet Bankshares’s dividend payout ratio is 13.06%.

Analysts Set New Price Targets

Several analysts have weighed in on NIC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. Piper Sandler upgraded shares of Nicolet Bankshares from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $148.00 to $185.00 in a research report on Thursday, February 19th. Zacks Research raised shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Keefe, Bruyette & Woods raised their target price on shares of Nicolet Bankshares from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Finally, Maxim Group lifted their target price on shares of Nicolet Bankshares from $161.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $179.50.

Insider Activity

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,309 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $149.82, for a total transaction of $495,754.38. Following the sale, the director directly owned 34,054 shares of the company’s stock, valued at $5,101,970.28. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 13,036 shares of company stock worth $1,992,022. 16.40% of the stock is owned by company insiders.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.