Nicolet Bankshares Inc. $NIC Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC boosted its stake in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 89.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,971 shares of the company’s stock after purchasing an additional 3,286 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Nicolet Bankshares were worth $1,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Nicolet Bankshares by 344.3% in the 2nd quarter. Principal Financial Group Inc. now owns 124,379 shares of the company’s stock valued at $20,571,000 after purchasing an additional 96,387 shares in the last quarter. BlackRock Inc. boosted its position in Nicolet Bankshares by 86.3% during the second quarter. BlackRock Inc. now owns 3,027,246 shares of the company’s stock worth $500,676,000 after purchasing an additional 1,402,419 shares in the last quarter. Mendon Capital Advisors Corp grew its holdings in Nicolet Bankshares by 274.9% in the first quarter. Mendon Capital Advisors Corp now owns 74,988 shares of the company’s stock valued at $11,145,000 after purchasing an additional 54,988 shares during the last quarter. Heartland Advisors Inc. purchased a new position in shares of Nicolet Bankshares in the second quarter valued at $9,222,000. Finally, Swiss National Bank raised its stake in shares of Nicolet Bankshares by 53.2% during the 1st quarter. Swiss National Bank now owns 40,300 shares of the company’s stock worth $5,989,000 after buying an additional 14,000 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Nicolet Bankshares Price Performance

Shares of NYSE:NIC opened at $165.61 on Wednesday. The company has a market cap of $3.47 billion, a P/E ratio of 18.80 and a beta of 0.64. The business has a fifty day simple moving average of $169.63 and a 200-day simple moving average of $155.64. Nicolet Bankshares Inc. has a 52 week low of $114.11 and a 52 week high of $180.00. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04.

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

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 1st. Nicolet Bankshares’s dividend payout ratio is presently 16.35%.

Wall Street Analyst Weigh In

NIC has been the topic of a number of research reports. Zacks Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Piper Sandler set a $194.00 price objective on Nicolet Bankshares in a research report 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. Keefe, Bruyette & Woods boosted their price target on Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings raised 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 given a Hold rating to the stock. According to data from MarketBeat.com, Nicolet Bankshares has a consensus rating of “Moderate Buy” and an average price target of $183.00.

Insider Activity at Nicolet Bankshares

In related news, EVP Eric James Witczak sold 342 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $171.96, for a total transaction 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 approximately $5,724,204.48. This represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Bruce Atwell sold 2,662 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $170.24, for a total transaction of $453,178.88. Following the transaction, the director directly owned 34,483 shares in the company, valued at approximately $5,870,385.92. This represents a 7.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,219 shares of company stock worth $715,976 over the last three months. Corporate insiders own 7.20% of the company’s stock.

Nicolet Bankshares Profile

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.