Jackson Creek Investment Advisors LLC Has $1.84 Million Stock Holdings in Nicolet Bankshares Inc. $NIC

Jackson Creek Investment Advisors LLC trimmed its position in Nicolet Bankshares Inc. (NYSE:NIC) by 21.3% during the third quarter, HoldingsChannel.com reports. The fund owned 13,645 shares of the company’s stock after selling 3,686 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Nicolet Bankshares were worth $1,835,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NIC. First Trust Advisors LP boosted its stake in Nicolet Bankshares by 50.6% in the 2nd quarter. First Trust Advisors LP now owns 519,013 shares of the company’s stock worth $64,088,000 after purchasing an additional 174,361 shares during the period. American Century Companies Inc. boosted its holdings in Nicolet Bankshares by 485.7% during the second quarter. American Century Companies Inc. now owns 184,281 shares of the company’s stock worth $22,755,000 after purchasing an additional 152,817 shares during the last quarter. Boston Partners grew its position in Nicolet Bankshares by 2.0% in the second quarter. Boston Partners now owns 141,860 shares of the company’s stock valued at $17,609,000 after purchasing an additional 2,779 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Nicolet Bankshares by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 60,004 shares of the company’s stock worth $7,409,000 after purchasing an additional 1,940 shares during the period. Finally, Merit Financial Group LLC boosted its position in Nicolet Bankshares by 8.7% during the second quarter. Merit Financial Group LLC now owns 37,570 shares of the company’s stock worth $4,639,000 after purchasing an additional 3,011 shares during the period. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Price Performance

Shares of NYSE:NIC opened at $148.42 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $130.42 and its 200-day moving average is $130.08. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 15.14 and a beta of 0.78. Nicolet Bankshares Inc. has a twelve month low of $97.90 and a twelve month high of $148.72.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, January 20th. The company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.18. The firm had revenue of $103.99 million during the quarter, compared to analyst estimates of $79.67 million. Nicolet Bankshares had a net margin of 26.98% and a return on equity of 12.65%. Sell-side analysts forecast that Nicolet Bankshares Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.06%.

Analysts Set New Price Targets

Several brokerages have recently commented on NIC. Zacks Research upgraded shares of Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Piper Sandler raised their target price on shares of Nicolet Bankshares from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Hovde Group reiterated an “outperform” rating and set a $190.00 price target on shares of Nicolet Bankshares in a report on Tuesday, January 27th. Maxim Group boosted their price objective on Nicolet Bankshares from $161.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $170.25.

Nicolet Bankshares Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.