Nicolet Bankshares, Inc. (NYSE:NIC) Position Boosted by Janus Henderson Group PLC

Janus Henderson Group PLC increased its position in Nicolet Bankshares, Inc. (NYSE:NIC) by 5.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 180,218 shares of the company’s stock after purchasing an additional 8,698 shares during the period. Janus Henderson Group PLC owned 1.18% of Nicolet Bankshares worth $18,907,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC grew its stake in Nicolet Bankshares by 170.7% in the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after purchasing an additional 15,121 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Nicolet Bankshares by 111.7% in the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock worth $3,138,000 after purchasing an additional 17,314 shares in the last quarter. Verus Wealth Management LLC acquired a new position in Nicolet Bankshares in the fourth quarter worth about $551,000. Heck Capital Advisors LLC acquired a new position in Nicolet Bankshares in the fourth quarter worth about $629,000. Finally, Jackson Creek Investment Advisors LLC acquired a new position in Nicolet Bankshares in the fourth quarter worth about $1,586,000. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Susan L. Merkatoris sold 300 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $115.26, for a total transaction of $34,578.00. Following the sale, the director now owns 81,918 shares of the company’s stock, valued at approximately $9,441,868.68. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Bruce Atwell sold 6,192 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $115.85, for a total value of $717,343.20. Following the sale, the director now directly owns 33,816 shares in the company, valued at approximately $3,917,583.60. This trade represents a 15.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,294 shares of company stock valued at $1,518,618. Insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Thursday, April 17th. Maxim Group raised their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler cut their target price on shares of Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th.

Nicolet Bankshares Stock Performance

Shares of NYSE NIC opened at $122.60 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $112.38 and its two-hundred day moving average price is $111.37. Nicolet Bankshares, Inc. has a 52-week low of $76.01 and a 52-week high of $125.05. The stock has a market capitalization of $1.85 billion, a P/E ratio of 15.27 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.14. The firm had revenue of $89.43 million for the quarter, compared to analysts’ expectations of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, sell-side analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The firm 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. The ex-dividend date was Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.91%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.51%.

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.