Associated Banc Corp Has $798,000 Stake in Nicolet Bankshares, Inc. (NYSE:NIC)

Associated Banc Corp cut its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,347 shares of the company’s stock after selling 194 shares during the quarter. Associated Banc Corp owned about 0.05% of Nicolet Bankshares worth $798,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NIC. ProShare Advisors LLC bought a new position in shares of Nicolet Bankshares in the first quarter valued at about $203,000. Vanguard Group Inc. raised its holdings in Nicolet Bankshares by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock valued at $60,704,000 after acquiring an additional 8,213 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Nicolet Bankshares by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,262 shares of the company’s stock worth $883,000 after acquiring an additional 469 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Nicolet Bankshares by 2,480.2% during the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after acquiring an additional 157,566 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Nicolet Bankshares by 0.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock valued at $3,783,000 after purchasing an additional 192 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Insider Transactions at Nicolet Bankshares

In other news, Director Robert Bruce Atwell sold 14,171 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $103.00, for a total value of $1,459,613.00. Following the completion of the transaction, the director now owns 33,315 shares of the company’s stock, valued at approximately $3,431,445. This represents a 29.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $102.85, for a total transaction of $110,975.15. Following the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $2,743,420.90. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,156 shares of company stock valued at $7,324,308. Company insiders own 16.40% of the company’s stock.

Nicolet Bankshares Stock Down 0.5 %

Shares of NIC opened at $112.23 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.71 billion, a PE ratio of 14.28 and a beta of 0.75. The firm’s 50 day moving average is $101.77 and its 200-day moving average is $92.73. Nicolet Bankshares, Inc. has a 12 month low of $72.70 and a 12 month high of $116.17.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.13. The firm had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. Equities research analysts forecast that Nicolet Bankshares, Inc. will post 7.74 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.00%. The ex-dividend date is Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Analysts Set New Price Targets

Separately, Maxim Group lifted their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $106.00.

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.