Barclays PLC raised its stake in Nicolet Bankshares, Inc. (NYSE:NIC – Free Report) by 113.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,011 shares of the company’s stock after acquiring an additional 4,783 shares during the period. Barclays PLC owned approximately 0.06% of Nicolet Bankshares worth $568,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in Nicolet Bankshares in the 4th quarter valued at $1,050,000. New York State Common Retirement Fund bought a new position in shares of Nicolet Bankshares in the 4th quarter valued at $726,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Nicolet Bankshares in the 4th quarter valued at $147,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Nicolet Bankshares in the 4th quarter valued at $328,000. Finally, New York Life Investment Management LLC bought a new position in shares of Nicolet Bankshares in the 4th quarter valued at $484,000. 40.08% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Maxim Group lifted their price target on Nicolet Bankshares from $70.00 to $95.00 in a research note on Thursday, July 20th. Keefe, Bruyette & Woods lowered Nicolet Bankshares from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $74.00 to $81.00 in a research note on Thursday, July 20th. Stephens lowered Nicolet Bankshares from an “overweight” rating to an “equal weight” rating and set a $84.00 price target on the stock. in a research note on Monday, August 7th. Finally, TheStreet upgraded Nicolet Bankshares from a “c” rating to a “b-” rating in a research note on Tuesday, July 18th.
Nicolet Bankshares Trading Down 1.0 %
NYSE NIC opened at $73.87 on Friday. The business’s 50-day moving average price is $75.41 and its two-hundred day moving average price is $69.14. Nicolet Bankshares, Inc. has a 12 month low of $51.76 and a 12 month high of $85.20. The firm has a market capitalization of $1.09 billion, a PE ratio of 18.38 and a beta of 0.74. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.20.
Nicolet Bankshares (NYSE:NIC – Get Free Report) last released its quarterly earnings results on Tuesday, July 18th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. Nicolet Bankshares had a return on equity of 10.12% and a net margin of 16.67%. The firm had revenue of $108.90 million for the quarter, compared to analyst estimates of $75.80 million. On average, analysts expect that Nicolet Bankshares, Inc. will post 6.14 EPS for the current year.
Nicolet Bankshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 31st. Nicolet Bankshares’s dividend payout ratio is 24.88%.
In related news, Chairman Robert Bruce Atwell sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $82.95, for a total transaction of $82,950.00. Following the transaction, the chairman now directly owns 58,456 shares of the company’s stock, valued at approximately $4,848,925.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Brad Vincent Hutjens sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $81.48, for a total value of $203,700.00. Following the completion of the sale, the executive vice president now directly owns 26,190 shares of the company’s stock, valued at $2,133,961.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Robert Bruce Atwell sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $82.95, for a total value of $82,950.00. Following the completion of the sale, the chairman now directly owns 58,456 shares of the company’s stock, valued at $4,848,925.20. The disclosure for this sale can be found here. Insiders have sold 4,500 shares of company stock valued at $360,730 in the last ninety days. 18.10% of the stock is owned by company insiders.
About Nicolet Bankshares
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.
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