Deutsche Bank AG Grows Stock Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Deutsche Bank AG grew its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 51.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,506 shares of the company’s stock after acquiring an additional 3,888 shares during the quarter. Deutsche Bank AG owned about 0.08% of Nicolet Bankshares worth $1,207,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Sterling Capital Management LLC increased its holdings in shares of Nicolet Bankshares by 748.7% during the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock valued at $35,000 after purchasing an additional 292 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in Nicolet Bankshares during the 4th quarter valued at about $128,000. Summit Investment Advisors Inc. lifted its position in Nicolet Bankshares by 11.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company’s stock worth $148,000 after buying an additional 140 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Nicolet Bankshares in the fourth quarter valued at about $211,000. Finally, Quantbot Technologies LP raised its position in shares of Nicolet Bankshares by 30.7% during the 4th quarter. Quantbot Technologies LP now owns 2,116 shares of the company’s stock valued at $222,000 after buying an additional 497 shares during the period. 43.06% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Price Performance

NIC stock opened at $122.28 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.84 billion, a P/E ratio of 15.23 and a beta of 0.76. The business has a 50 day simple moving average of $113.67 and a 200-day simple moving average of $112.24. Nicolet Bankshares, Inc. has a twelve month low of $76.01 and a twelve month high of $125.05.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.14. The business had revenue of $89.43 million for the quarter, compared to the consensus estimate of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, equities analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase from Nicolet Bankshares’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.05%. Nicolet Bankshares’s payout ratio is 15.44%.

Analyst Upgrades and Downgrades

NIC has been the topic of a number of research analyst reports. Piper Sandler reduced their price target on shares of Nicolet Bankshares from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods boosted their target price on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Thursday, April 17th.

Insider Buying and Selling

In other news, Director Susan L. Merkatoris sold 3,700 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $108.58, for a total value of $401,746.00. Following the sale, the director now owns 78,218 shares in the company, valued at approximately $8,492,910.44. This represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Bruce Atwell sold 6,192 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $115.85, for a total transaction of $717,343.20. Following the sale, the director now owns 33,816 shares of the company’s stock, valued at approximately $3,917,583.60. The trade was a 15.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,192 shares of company stock worth $1,153,667. 16.40% of the stock is owned by company insiders.

Nicolet Bankshares Company Profile

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.