Bowman & Co S.C. Sells 594 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Bowman & Co S.C. lowered its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,096 shares of the company’s stock after selling 594 shares during the period. Bowman & Co S.C. owned 0.09% of Nicolet Bankshares worth $1,374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Merit Financial Group LLC raised its position in shares of Nicolet Bankshares by 1.7% in the 4th quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock worth $3,624,000 after acquiring an additional 592 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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. Virtu Financial LLC bought a new position in Nicolet Bankshares in the third quarter worth about $264,000. Geode Capital Management LLC raised its holdings in Nicolet Bankshares by 1.6% in the third quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after purchasing an additional 4,911 shares in the last quarter. Finally, Barclays PLC raised its holdings 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. Institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Stock Performance

NIC opened at $106.30 on Friday. Nicolet Bankshares, Inc. has a 52-week low of $73.00 and a 52-week high of $116.17. 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 company has a market cap of $1.62 billion, a P/E ratio of 13.52 and a beta of 0.77. The firm’s 50-day moving average price is $108.67 and its 200-day moving average price is $100.09.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.28 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.05%. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $101.01, for a total value of $252,525.00. Following the sale, the director now owns 33,315 shares in the company, valued at $3,365,148.15. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brad Vincent Hutjens sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $115.30, for a total value of $691,800.00. Following the completion of the sale, the executive vice president now owns 26,674 shares in the company, valued at approximately $3,075,512.20. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,599 shares of company stock worth $9,326,168 over the last quarter. Insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Maxim Group boosted their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their target price on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $112.00.

Nicolet Bankshares Company 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.