55,758 Shares in Nicolet Bankshares Inc. $NIC Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. bought a new position in shares of Nicolet Bankshares Inc. (NYSE:NIC) during the second quarter, Holdings Channel reports. The fund bought 55,758 shares of the company’s stock, valued at approximately $9,222,000.

Several other institutional investors and hedge funds also recently bought and sold shares of NIC. Johnson Financial Group Inc. purchased a new stake in shares of Nicolet Bankshares in the 2nd quarter valued at approximately $1,240,000. First National Bank of Omaha raised its position in shares of Nicolet Bankshares by 18.5% during the 2nd quarter. First National Bank of Omaha now owns 14,676 shares of the company’s stock valued at $2,427,000 after buying an additional 2,289 shares during the period. BlackRock Inc. raised its position in shares of Nicolet Bankshares by 86.3% during the 2nd quarter. BlackRock Inc. now owns 3,027,246 shares of the company’s stock valued at $500,676,000 after buying an additional 1,402,419 shares during the period. Deutsche Bank AG lifted its holdings in Nicolet Bankshares by 26.7% in the second quarter. Deutsche Bank AG now owns 21,049 shares of the company’s stock valued at $3,481,000 after acquiring an additional 4,442 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Nicolet Bankshares by 61.9% in the second quarter. Bank of New York Mellon Corp now owns 139,427 shares of the company’s stock valued at $23,060,000 after acquiring an additional 53,319 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Nicolet Bankshares Stock Performance

NYSE:NIC opened at $173.01 on Friday. Nicolet Bankshares Inc. has a fifty-two week low of $114.11 and a fifty-two week high of $180.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50 day moving average price of $166.48 and a 200 day moving average price of $154.63. The stock has a market capitalization of $3.63 billion, a P/E ratio of 19.64 and a beta of 0.65.

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

Nicolet Bankshares Dividend Announcement

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

Insider Buying and Selling at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 2,662 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $170.24, for a total value of $453,178.88. Following the sale, the director owned 34,483 shares in the company, valued at approximately $5,870,385.92. The trade was a 7.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric James Witczak sold 342 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $171.96, for a total value of $58,810.32. Following the transaction, the executive vice president directly owned 33,288 shares in the company, valued at approximately $5,724,204.48. The trade was a 1.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,219 shares of company stock worth $715,976 in the last quarter. Company insiders own 7.20% of the company’s stock.

Analyst Ratings Changes

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