Diversified Trust Co Purchases New Shares in Nicolet Bankshares Inc. $NIC

Diversified Trust Co purchased a new position in shares of Nicolet Bankshares Inc. (NYSE:NIC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,304 shares of the company’s stock, valued at approximately $491,000.

Other institutional investors have also added to or reduced their stakes in the company. PDT Partners LLC boosted its stake in shares of Nicolet Bankshares by 1.8% in the 2nd quarter. PDT Partners LLC now owns 5,572 shares of the company’s stock worth $688,000 after buying an additional 100 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Nicolet Bankshares by 4.9% during the fourth quarter. ProShare Advisors LLC now owns 2,424 shares of the company’s stock worth $294,000 after acquiring an additional 113 shares during the period. LPL Financial LLC lifted its holdings in Nicolet Bankshares by 4.6% during the fourth quarter. LPL Financial LLC now owns 2,836 shares of the company’s stock worth $344,000 after acquiring an additional 126 shares during the period. EverSource Wealth Advisors LLC boosted its position in Nicolet Bankshares by 71.8% in the third quarter. EverSource Wealth Advisors LLC now owns 347 shares of the company’s stock worth $47,000 after purchasing an additional 145 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Nicolet Bankshares by 0.6% in the fourth quarter. Bank of Montreal Can now owns 23,181 shares of the company’s stock worth $2,829,000 after purchasing an additional 147 shares during the last quarter. 43.06% of the stock is owned by institutional investors.

Nicolet Bankshares Price Performance

Shares of NYSE NIC opened at $161.08 on Friday. The stock has a fifty day simple moving average of $145.46 and a two-hundred day simple moving average of $143.44. Nicolet Bankshares Inc. has a 1-year low of $114.11 and a 1-year high of $163.11. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 18.88 and a beta of 0.67. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Tuesday, April 21st. The company reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). Nicolet Bankshares had a return on equity of 11.48% and a net margin of 21.89%.The firm had revenue of $134.85 million during the quarter, compared to analysts’ expectations of $129.74 million. Analysts anticipate that Nicolet Bankshares Inc. will post 11.75 earnings per share for the current year.

Nicolet Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.9%. This is a boost from Nicolet Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, June 1st. Nicolet Bankshares’s payout ratio is currently 16.88%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Zacks Research upgraded Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research note on Monday. Piper Sandler lowered their target price on Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Raymond James Financial assumed coverage on shares of Nicolet Bankshares in a report on Tuesday. They issued a “market perform” rating on the stock. Weiss Ratings lowered shares of Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Finally, Hovde Group decreased their price objective on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Nicolet Bankshares presently has a consensus rating of “Moderate Buy” and an average target price of $176.50.

Nicolet Bankshares Company 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.