Sequoia Financial Advisors LLC Reduces Stock Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Sequoia Financial Advisors LLC cut its holdings in Nicolet Bankshares, Inc. (NYSE:NIC) by 2.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,980 shares of the company’s stock after selling 175 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Nicolet Bankshares were worth $732,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new position in Nicolet Bankshares during the third quarter worth about $528,000. Quest Partners LLC increased its stake in shares of Nicolet Bankshares by 858.0% during the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock worth $279,000 after purchasing an additional 2,617 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Nicolet Bankshares by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock worth $11,132,000 after purchasing an additional 3,650 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Nicolet Bankshares by 7.9% in the 3rd quarter. Fisher Asset Management LLC now owns 14,978 shares of the company’s stock valued at $1,432,000 after buying an additional 1,092 shares in the last quarter. Finally, FMR LLC grew its holdings in Nicolet Bankshares by 0.5% during the 3rd quarter. FMR LLC now owns 589,766 shares of the company’s stock valued at $56,399,000 after buying an additional 2,654 shares during the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert Bruce Atwell sold 3,102 shares of Nicolet Bankshares stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $117.65, for a total value of $364,950.30. Following the transaction, the director now directly owns 33,816 shares of the company’s stock, valued at $3,978,452.40. The trade was a 8.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan L. Merkatoris sold 300 shares of the 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 directly owns 81,918 shares of the company’s stock, valued at approximately $9,441,868.68. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,527 shares of company stock valued at $996,674 in the last ninety days. Company insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Maxim Group upped their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler lifted their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd.

Nicolet Bankshares Stock Performance

Nicolet Bankshares stock opened at $112.17 on Monday. The stock has a fifty day moving average price of $112.62 and a 200 day moving average price of $106.58. Nicolet Bankshares, Inc. has a 52 week low of $75.24 and a 52 week high of $121.52. The firm has a market capitalization of $1.71 billion, a P/E ratio of 13.97 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Equities research analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.95%.

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.