9,975 Shares in Nicolet Bankshares Inc. $NIC Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Nicolet Bankshares Inc. (NYSE:NIC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,975 shares of the company’s stock, valued at approximately $1,650,000.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Nicolet Bankshares by 3,940.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Nicolet Bankshares during the 4th quarter worth $48,000. Clearstead Advisors LLC lifted its holdings in Nicolet Bankshares by 192.9% in the 4th quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock worth $55,000 after buying an additional 297 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Nicolet Bankshares by 151.9% in the 1st quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock worth $90,000 after buying an additional 366 shares in the last quarter. Finally, UMB Bank n.a. purchased a new position in Nicolet Bankshares in the 4th quarter valued at about $102,000. 43.06% of the stock is owned by institutional investors and hedge funds.

Nicolet Bankshares Stock Performance

Shares of NIC stock opened at $172.93 on Tuesday. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 19.63 and a beta of 0.65. Nicolet Bankshares Inc. has a one year low of $114.11 and a one year high of $180.00. The company’s 50-day simple moving average is $167.00 and its 200-day simple moving average is $154.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.14. Nicolet Bankshares had a return on equity of 11.36% and a net margin of 21.77%.The firm had revenue of $177.75 million during the quarter, compared to analyst estimates of $171.93 million. Equities analysts anticipate that Nicolet Bankshares Inc. will post 12.3 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 1st. Nicolet Bankshares’s payout ratio is 16.35%.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, EVP Eric James Witczak sold 342 shares of Nicolet Bankshares stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $171.96, for a total value of $58,810.32. Following the completion of the transaction, the executive vice president owned 33,288 shares of the company’s stock, valued at $5,724,204.48. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert Bruce Atwell sold 2,662 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $170.24, for a total transaction of $453,178.88. Following the sale, the director owned 34,483 shares of the company’s stock, valued at approximately $5,870,385.92. The trade was a 7.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 4,219 shares of company stock worth $715,976. Corporate insiders own 7.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Nicolet Bankshares from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Piper Sandler set a $194.00 price objective on Nicolet Bankshares in a research note on Wednesday, July 22nd. Raymond James Financial began coverage on Nicolet Bankshares in a report on Tuesday, June 23rd. They set a “market perform” rating on the stock. Zacks Research raised Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings upgraded Nicolet Bankshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Nicolet Bankshares presently has an average rating of “Moderate Buy” and a consensus target price of $183.00.

About Nicolet Bankshares

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.