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

Anchor Capital Advisors LLC increased its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 40.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,769 shares of the company’s stock after acquiring an additional 6,285 shares during the period. Anchor Capital Advisors LLC owned about 0.15% of Nicolet Bankshares worth $1,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in Nicolet Bankshares by 1.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,250 shares of the company’s stock worth $994,000 after buying an additional 250 shares in the last quarter. Swiss National Bank boosted its holdings in Nicolet Bankshares by 1.4% in the third quarter. Swiss National Bank now owns 29,100 shares of the company’s stock valued at $2,031,000 after acquiring an additional 400 shares during the last quarter. Bank of New York Mellon Corp increased its position in Nicolet Bankshares by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 52,381 shares of the company’s stock worth $3,655,000 after purchasing an additional 568 shares during the period. Barclays PLC raised its holdings in Nicolet Bankshares by 13.0% during the 3rd quarter. Barclays PLC now owns 13,081 shares of the company’s stock worth $913,000 after purchasing an additional 1,506 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Nicolet Bankshares during the 4th quarter valued at about $238,000. 43.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $81.93, for a total transaction of $163,860.00. Following the sale, the director now directly owns 42,889 shares of the company’s stock, valued at approximately $3,513,895.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.40% of the company’s stock.

Nicolet Bankshares Trading Down 0.5 %

NYSE:NIC traded down $0.40 on Tuesday, reaching $77.68. The company’s stock had a trading volume of 4,306 shares, compared to its average volume of 39,139. The firm has a market cap of $1.15 billion, a PE ratio of 12.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50-day moving average price is $80.86 and its two-hundred day moving average price is $78.28. Nicolet Bankshares, Inc. has a 1-year low of $51.76 and a 1-year high of $86.86.

Nicolet Bankshares Dividend Announcement

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

Analyst Ratings Changes

NIC has been the subject of a number of analyst reports. Hovde Group raised shares of Nicolet Bankshares from a “market perform” rating to an “outperform” rating in a report on Monday, March 4th. Keefe, Bruyette & Woods upped their price objective on Nicolet Bankshares from $85.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Stephens reduced their target price on Nicolet Bankshares from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, April 18th. TheStreet raised Nicolet Bankshares from a “c+” rating to a “b” rating in a research note on Wednesday, January 17th. Finally, Piper Sandler cut their price target 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.88.

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.