Nicolet Bankshares Inc. $NIC Stock Sold by Caldwell Trust Co

07 Nov 2026, 14:45 by Sarita Garza · The Markets Daily

Caldwell Trust Co trimmed its holdings in shares of Nicolet Bankshares Inc. (NYSE:NIC – Free Report) by 94.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 758 shares of the company’s stock after selling 11,820 shares during the period. Caldwell Trust Co’s holdings in Nicolet Bankshares were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Nicolet Bankshares by 86.3% in the 2nd quarter. BlackRock Inc. now owns 3,027,246 shares of the company’s stock valued at $500,676,000 after purchasing an additional 1,402,419 shares during the period. State Street Corp increased its stake in shares of Nicolet Bankshares by 65.1% in the second quarter. State Street Corp now owns 1,174,560 shares of the company’s stock valued at $194,244,000 after buying an additional 463,199 shares during the period. Dimensional Fund Advisors LP grew its stake in Nicolet Bankshares by 32.1% in the first quarter. Dimensional Fund Advisors LP now owns 819,274 shares of the company’s stock valued at $121,756,000 after acquiring an additional 198,997 shares during the period. Jennison Associates LLC purchased a new stake in shares of Nicolet Bankshares during the 1st quarter valued at $31,794,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Nicolet Bankshares by 0.4% in the first quarter. The Manufacturers Life Insurance Company now owns 204,236 shares of the company’s stock worth $30,354,000 after acquiring an additional 746 shares during the period. Institutional investors own 43.06% of the company’s stock.

Insider Buying and Selling at Nicolet Bankshares

In other news, Director Robert Atwell sold 3,556 shares of the stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $171.22, for a total value of $608,858.32. Following the transaction, the director directly owned 34,483 shares of the company’s stock, valued at approximately $5,904,179.26. This represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on NIC. Weiss Ratings downgraded Nicolet Bankshares from a “buy (a+)” rating to a “buy (a)” rating in a report on Friday, October 23rd. Stephens raised their target price on Nicolet Bankshares from $185.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, October 23rd. Piper Sandler boosted their price target on shares of Nicolet Bankshares from $194.00 to $196.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, Keefe, Bruyette & Woods lifted their price target on Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.80.

Get Our Latest Analysis on Nicolet Bankshares

Nicolet Bankshares Trading Up 0.2%

Shares of NYSE:NIC opened at $173.16 on Friday. The company has a market capitalization of $3.60 billion, a PE ratio of 19.15 and a beta of 0.67. Nicolet Bankshares Inc. has a 12-month low of $118.33 and a 12-month high of $180.00. The business has a 50 day moving average of $168.10 and a two-hundred day moving average of $157.98. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.04.

Nicolet Bankshares (NYSE:NIC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.08. The business had revenue of $174.43 million during the quarter, compared to analysts’ expectations of $173.64 million. Nicolet Bankshares had a return on equity of 11.27% and a net margin of 22.11%. As a group, analysts forecast that Nicolet Bankshares Inc. will post 12.10 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.8%. Nicolet Bankshares’s dividend payout ratio is presently 15.93%.

About Nicolet Bankshares

(Free Report)

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Nicolet National Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Nicolet National Bank offers commercial and consumer lending, deposit accounts, residential and commercial real estate financing, treasury management and other business banking services. Its offerings also include wealth management, trust and investment services, mortgage banking and related financial solutions.