Nicolet Bankshares Inc. $NIC Stock Position Increased by AlphaQuest LLC

AlphaQuest LLC raised its stake in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 804.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,782 shares of the company’s stock after buying an additional 14,927 shares during the period. AlphaQuest LLC’s holdings in Nicolet Bankshares were worth $2,036,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Nicolet Bankshares by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 737,578 shares of the company’s stock worth $89,468,000 after purchasing an additional 22,474 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Nicolet Bankshares by 4.1% in the 3rd quarter. First Trust Advisors LP now owns 540,486 shares of the company’s stock worth $72,695,000 after acquiring an additional 21,473 shares during the last quarter. Boston Partners grew its holdings in shares of Nicolet Bankshares by 40.6% in the 3rd quarter. Boston Partners now owns 199,396 shares of the company’s stock worth $26,789,000 after acquiring an additional 57,536 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Nicolet Bankshares by 71.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 49,468 shares of the company’s stock worth $6,653,000 after acquiring an additional 20,640 shares during the last quarter. Finally, Merit Financial Group LLC grew its holdings in shares of Nicolet Bankshares by 31.2% in the 4th quarter. Merit Financial Group LLC now owns 49,314 shares of the company’s stock worth $5,982,000 after acquiring an additional 11,729 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 weighed in on the company. Hovde Group lowered their price target on Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Zacks Research downgraded Nicolet Bankshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Weiss Ratings downgraded Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Finally, Piper Sandler lowered their price objective on shares of Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $176.50.

Nicolet Bankshares Trading Up 1.7%

Shares of NYSE NIC opened at $144.13 on Wednesday. Nicolet Bankshares Inc. has a 1-year low of $114.11 and a 1-year high of $163.11. The company has a market cap of $3.06 billion, a PE ratio of 16.90 and a beta of 0.70. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $147.16 and a two-hundred day moving average of $140.30.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). The business had revenue of $134.85 million for the quarter, compared to the consensus estimate of $129.74 million. Nicolet Bankshares had a return on equity of 11.48% and a net margin of 21.89%. As a group, equities analysts expect that Nicolet Bankshares Inc. will post 11.75 earnings per share for the current fiscal year.

Nicolet Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. This is an increase from Nicolet Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, June 1st. Nicolet Bankshares’s payout ratio is 15.01%.

Insiders Place Their Bets

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,331 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $150.67, for a total value of $501,881.77. Following the completion of the transaction, the director directly owned 34,054 shares in the company, valued at $5,130,916.18. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.20% of the company’s stock.

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.