Nicolet Bankshares Inc. (NCBS) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors lifted its holdings in Nicolet Bankshares Inc. (NASDAQ:NCBS) by 12.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,035 shares of the bank’s stock after purchasing an additional 563 shares during the quarter. Nationwide Fund Advisors owned about 0.06% of Nicolet Bankshares worth $275,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. TIAA CREF Investment Management LLC grew its position in shares of Nicolet Bankshares by 17.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 24,403 shares of the bank’s stock valued at $1,335,000 after purchasing an additional 3,678 shares during the period. Teachers Advisors LLC grew its position in shares of Nicolet Bankshares by 22.5% in the 2nd quarter. Teachers Advisors LLC now owns 15,945 shares of the bank’s stock valued at $872,000 after purchasing an additional 2,926 shares during the period. Martingale Asset Management L P acquired a new position in shares of Nicolet Bankshares in the 2nd quarter valued at approximately $373,000. Systematic Financial Management LP grew its position in shares of Nicolet Bankshares by 63.3% in the 2nd quarter. Systematic Financial Management LP now owns 58,020 shares of the bank’s stock valued at $3,174,000 after purchasing an additional 22,485 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Nicolet Bankshares by 134.1% in the 2nd quarter. Wells Fargo & Company MN now owns 25,906 shares of the bank’s stock valued at $1,418,000 after purchasing an additional 14,838 shares during the period. Institutional investors and hedge funds own 35.75% of the company’s stock.
Separately, Maxim Group boosted their price objective on Nicolet Bankshares from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 19th.
In other Nicolet Bankshares news, Chairman Robert Bruce Atwell sold 19,639 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total transaction of $1,108,228.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael E. Daniels sold 24,239 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total value of $1,367,806.77. The disclosure for this sale can be found here. Corporate insiders own 13.90% of the company’s stock.
Nicolet Bankshares Inc. (NASDAQ:NCBS) opened at $55.51 on Friday. Nicolet Bankshares Inc. has a 12-month low of $39.27 and a 12-month high of $61.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a market capitalization of $544.09, a P/E ratio of 17.85 and a beta of 1.77.
Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. Nicolet Bankshares had a return on equity of 9.45% and a net margin of 22.63%. The firm had revenue of $35.25 million during the quarter.
About Nicolet Bankshares
Nicolet Bankshares, Inc is a bank holding company. The Company conducts operations through its subsidiary, Nicolet National Bank (the Bank), which is a commercial bank. The Company also owns investment advisory firms, Brookfield Investment Partners, LLC, which provides investment strategy and transactional services to select community banks, and Nicolet Advisory Services, LLC, which conducts brokerage and financial advisory services primarily to individual consumers.
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