Jane Street Group LLC Has $585,000 Stock Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Jane Street Group LLC lessened its holdings in Nicolet Bankshares, Inc. (NYSE:NIC) by 44.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,578 shares of the company’s stock after selling 4,446 shares during the quarter. Jane Street Group LLC’s holdings in Nicolet Bankshares were worth $585,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sterling Capital Management LLC boosted its holdings in shares of Nicolet Bankshares by 748.7% in the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock valued at $35,000 after purchasing an additional 292 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Nicolet Bankshares in the 4th quarter valued at $128,000. Summit Investment Advisors Inc. boosted its holdings in shares of Nicolet Bankshares by 11.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company’s stock valued at $148,000 after purchasing an additional 140 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Nicolet Bankshares in the 4th quarter valued at $211,000. Finally, Quantbot Technologies LP lifted its stake in shares of Nicolet Bankshares by 30.7% in the 4th quarter. Quantbot Technologies LP now owns 2,116 shares of the company’s stock valued at $222,000 after acquiring an additional 497 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NIC shares. Keefe, Bruyette & Woods increased their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Thursday, April 17th. Piper Sandler dropped their price target on Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th.

Nicolet Bankshares Stock Up 2.6%

Shares of NIC opened at $125.33 on Wednesday. Nicolet Bankshares, Inc. has a 52 week low of $76.01 and a 52 week high of $125.50. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 15.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a fifty day moving average of $114.11 and a 200-day moving average of $112.41.

Nicolet Bankshares (NYSE:NIC) last announced its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.14. The business had revenue of $89.43 million during the quarter, compared to analyst estimates of $70.08 million. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. As a group, sell-side analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a dividend of $0.32 per share. This is a positive change from Nicolet Bankshares’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, June 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 15.44%.

Insider Buying and Selling

In related news, Director Susan L. Merkatoris sold 3,700 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $108.58, for a total transaction of $401,746.00. Following the completion of the transaction, the director now directly owns 78,218 shares of the company’s stock, valued at $8,492,910.44. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Bruce Atwell sold 6,192 shares of the firm’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $115.85, for a total value of $717,343.20. Following the transaction, the director now directly owns 33,816 shares of the company’s stock, valued at approximately $3,917,583.60. This represents a 15.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,192 shares of company stock valued at $1,153,667 in the last three months. Insiders own 16.40% of the company’s stock.

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.