SG Americas Securities LLC Purchases Shares of 4,313 Nicolet Bankshares, Inc. (NYSE:NIC)

SG Americas Securities LLC purchased a new stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,313 shares of the company’s stock, valued at approximately $412,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC bought a new stake in Nicolet Bankshares during the 2nd quarter valued at $67,000. EntryPoint Capital LLC increased its stake in Nicolet Bankshares by 97.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after purchasing an additional 543 shares in the last quarter. Blair William & Co. IL bought a new stake in Nicolet Bankshares during the 1st quarter valued at $201,000. ProShare Advisors LLC bought a new stake in Nicolet Bankshares during the 1st quarter valued at $203,000. Finally, Principal Financial Group Inc. bought a new stake in Nicolet Bankshares during the 1st quarter valued at $483,000. Institutional investors own 43.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NIC. Piper Sandler boosted their price target on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Stephens lifted their price objective on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, Maxim Group lifted their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $106.00.

Nicolet Bankshares Price Performance

NIC opened at $104.99 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 16.18 and a beta of 0.76. The firm’s fifty day moving average price is $94.84 and its two-hundred day moving average price is $87.49. Nicolet Bankshares, Inc. has a 1 year low of $63.58 and a 1 year high of $105.00.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, July 16th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.18. The company had revenue of $85.43 million for the quarter, compared to the consensus estimate of $81.40 million. Nicolet Bankshares had a net margin of 21.13% and a return on equity of 10.20%. As a group, analysts anticipate that Nicolet Bankshares, Inc. will post 7.3 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 17.26%.

Insider Buying and Selling

In related news, Director Susan L. Merkatoris sold 5,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $97.45, for a total value of $487,250.00. Following the transaction, the director now directly owns 83,218 shares of the company’s stock, valued at approximately $8,109,594.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Susan L. Merkatoris sold 5,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $97.45, for a total value of $487,250.00. Following the sale, the director now directly owns 83,218 shares in the company, valued at approximately $8,109,594.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brad Vincent Hutjens sold 10,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $99.00, for a total value of $990,000.00. Following the sale, the executive vice president now owns 26,642 shares in the company, valued at approximately $2,637,558. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,003 shares of company stock valued at $2,269,387. 16.40% of the stock is owned by insiders.

Nicolet Bankshares Company Profile

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.