Geode Capital Management LLC Grows Stake in Nicolet Bankshares, Inc. (NYSE:NIC)

Geode Capital Management LLC boosted its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 303,391 shares of the company’s stock after purchasing an additional 4,911 shares during the quarter. Geode Capital Management LLC’s holdings in Nicolet Bankshares were worth $29,019,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new stake in shares of Nicolet Bankshares during the second quarter valued at approximately $67,000. Quantbot Technologies LP purchased a new position in Nicolet Bankshares during the third quarter valued at $155,000. Quest Partners LLC grew its stake in Nicolet Bankshares by 858.0% during the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after acquiring an additional 2,617 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Nicolet Bankshares by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after acquiring an additional 1,010 shares during the last quarter. Finally, PDT Partners LLC purchased a new stake in Nicolet Bankshares in the 3rd quarter worth $412,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NIC has been the topic of several research reports. Keefe, Bruyette & Woods lifted their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $112.00.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 4,560 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $102.85, for a total value of $468,996.00. Following the sale, the executive vice president now owns 26,674 shares in the company, valued at $2,743,420.90. This trade represents a 14.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total value of $859,817.00. Following the sale, the director now owns 32,831 shares of the company’s stock, valued at approximately $3,709,903. This trade represents a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,507 shares of company stock worth $9,626,332. 16.40% of the stock is currently owned by insiders.

Nicolet Bankshares Trading Up 0.6 %

NIC opened at $106.96 on Friday. The stock has a 50-day moving average of $108.52 and a 200 day moving average of $97.30. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 12 month low of $73.00 and a 12 month high of $116.17. The firm has a market cap of $1.63 billion, a P/E ratio of 13.61 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC) last announced its earnings results on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The firm had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $86.50 million. As a group, research analysts forecast that Nicolet Bankshares, Inc. will post 7.61 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.05%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 14.25%.

Nicolet Bankshares 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.