Boston Partners Acquires 2,779 Shares of Nicolet Bankshares Inc. $NIC

Boston Partners grew its stake in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,860 shares of the company’s stock after acquiring an additional 2,779 shares during the period. Boston Partners owned about 0.95% of Nicolet Bankshares worth $17,609,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Ballentine Partners LLC bought a new position in Nicolet Bankshares in the 2nd quarter worth about $231,000. Heck Capital Advisors LLC purchased a new stake in Nicolet Bankshares in the 2nd quarter worth approximately $247,000. Victory Capital Management Inc. purchased a new position in Nicolet Bankshares during the 1st quarter valued at $288,000. Franklin Resources Inc. raised its stake in Nicolet Bankshares by 21.7% in the second quarter. Franklin Resources Inc. now owns 2,449 shares of the company’s stock worth $302,000 after buying an additional 437 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Nicolet Bankshares by 3.4% during the second quarter. KLP Kapitalforvaltning AS now owns 3,000 shares of the company’s stock valued at $370,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Insider Transactions at Nicolet Bankshares

In related news, CFO Hubert Phillip Moore, Jr. acquired 240 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $115.84 per share, for a total transaction of $27,801.60. Following the purchase, the chief financial officer directly owned 32,947 shares of the company’s stock, valued at $3,816,580.48. This trade represents a 0.73% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert J. Weyers acquired 3,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was purchased at an average cost of $115.73 per share, for a total transaction of $347,190.00. Following the transaction, the director owned 26,250 shares in the company, valued at approximately $3,037,912.50. The trade was a 12.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 3,370 shares of company stock valued at $390,760. 16.40% of the stock is owned by insiders.

Nicolet Bankshares Price Performance

Nicolet Bankshares stock opened at $125.98 on Friday. The firm has a market capitalization of $1.86 billion, a PE ratio of 13.49 and a beta of 0.76. The firm has a 50-day moving average price of $126.55 and a 200-day moving average price of $127.72. Nicolet Bankshares Inc. has a 12-month low of $97.90 and a 12-month high of $141.92. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.32. The firm had revenue of $102.88 million during the quarter, compared to analyst estimates of $76.83 million. Nicolet Bankshares had a return on equity of 12.08% and a net margin of 26.39%. As a group, equities research analysts forecast that Nicolet Bankshares Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, December 8th. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.70%.

Analyst Ratings Changes

Several equities research analysts have commented on NIC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Nicolet Bankshares in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded Nicolet Bankshares from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nicolet Bankshares currently has an average rating of “Moderate Buy” and an average target price of $153.67.

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.