Quantbot Technologies LP Makes New $155,000 Investment in Nicolet Bankshares, Inc. (NYSE:NIC)

Quantbot Technologies LP bought a new stake in Nicolet Bankshares, Inc. (NYSE:NIC) in the third quarter, Holdings Channel reports. The institutional investor bought 1,619 shares of the company’s stock, valued at approximately $155,000.

Several other hedge funds have also made changes to their positions in NIC. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Nicolet Bankshares by 0.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock valued at $3,783,000 after acquiring an additional 192 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Nicolet Bankshares by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,262 shares of the company’s stock valued at $883,000 after purchasing an additional 469 shares during the period. Principal Financial Group Inc. boosted its holdings in Nicolet Bankshares by 9.9% in the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after purchasing an additional 555 shares in the last quarter. Creative Planning increased its position in Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock worth $1,194,000 after purchasing an additional 777 shares during the period. Finally, Rothschild Investment LLC purchased a new position in shares of Nicolet Bankshares during the 2nd quarter worth approximately $67,000. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Stock Down 0.5 %

NIC opened at $111.49 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 14.18 and a beta of 0.76. Nicolet Bankshares, Inc. has a one year low of $73.00 and a one year high of $116.17. The business’s fifty day moving average is $104.30 and its two-hundred day moving average is $94.25.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.91 by $0.13. The business had revenue of $91.24 million for the quarter, compared to analyst estimates of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. Analysts anticipate that Nicolet Bankshares, Inc. will post 7.74 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Maxim Group upped their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods upped their price target on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $112.00.

Insider Transactions at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 2,500 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $101.01, for a total transaction of $252,525.00. Following the sale, the director now owns 33,315 shares of the company’s stock, valued at $3,365,148.15. This trade represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.35, for a total value of $1,435,725.00. Following the sale, the executive vice president now owns 26,674 shares of the company’s stock, valued at approximately $2,836,779.90. This represents a 33.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,953 shares of company stock valued at $7,755,730 in the last ninety days. Corporate insiders own 16.40% of the company’s stock.

About Nicolet Bankshares

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.