SG Americas Securities LLC Acquires New Stake in Nicolet Bankshares, Inc. (NYSE:NIC)

SG Americas Securities LLC acquired a new stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,934 shares of the company’s stock, valued at approximately $234,000.

A number of other large investors have also made changes to their positions in NIC. Winch Advisory Services LLC acquired a new stake in shares of Nicolet Bankshares during the fourth quarter valued at $40,000. Destiny Wealth Partners LLC acquired a new stake in Nicolet Bankshares in the 4th quarter worth about $86,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Nicolet Bankshares in the 4th quarter worth about $147,000. Sequoia Financial Advisors LLC acquired a new stake in Nicolet Bankshares in the 4th quarter worth about $225,000. Finally, Foundations Investment Advisors LLC acquired a new stake in Nicolet Bankshares in the 4th quarter worth about $239,000. Institutional investors and hedge funds own 37.40% of the company’s stock.

Insider Activity

In other news, CFO Hubert Phillip Moore, Jr. purchased 1,500 shares of the stock in a transaction dated Friday, April 21st. The stock was acquired at an average cost of $56.63 per share, for a total transaction of $84,945.00. Following the acquisition, the chief financial officer now owns 29,361 shares of the company’s stock, valued at $1,662,713.43. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders bought 1,895 shares of company stock worth $107,402. 18.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

NIC has been the topic of several research analyst reports. Maxim Group reduced their price objective on Nicolet Bankshares from $110.00 to $100.00 in a research note on Thursday, January 19th. TheStreet lowered Nicolet Bankshares from a “b” rating to a “c+” rating in a research note on Wednesday, April 19th. Finally, Piper Sandler reduced their price objective on Nicolet Bankshares from $75.00 to $70.00 in a research note on Wednesday, April 19th.

Nicolet Bankshares Price Performance

NIC stock opened at $54.89 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. Nicolet Bankshares, Inc. has a 52-week low of $51.76 and a 52-week high of $86.48. The stock’s 50 day moving average is $62.95 and its two-hundred day moving average is $72.28. The company has a market capitalization of $807.98 million, a PE ratio of 12.95 and a beta of 0.70.

About Nicolet Bankshares

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Nicolet Bankshares, Inc is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary. It offers lending and deposit gathering, ancillary banking-related, trust, brokerage, and other investment management products and services. The firm also delivers commercial-related and residential real estate loans.