Los Angeles Capital Management LLC Takes $528,000 Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Los Angeles Capital Management LLC bought a new stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,520 shares of the company’s stock, valued at approximately $528,000.

A number of other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Nicolet Bankshares by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock valued at $3,783,000 after purchasing an additional 192 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 buying an additional 469 shares in the last quarter. EntryPoint Capital LLC lifted its position in shares of 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 acquiring an additional 543 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Nicolet Bankshares by 9.9% during the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock worth $512,000 after acquiring an additional 555 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of Nicolet Bankshares by 6.6% in the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock worth $1,194,000 after acquiring an additional 777 shares during the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Maxim Group increased their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $106.00.

Nicolet Bankshares Price Performance

NIC opened at $111.84 on Friday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 14.23 and a beta of 0.75. The stock has a fifty day moving average of $99.88 and a 200-day moving average of $91.35. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 12-month low of $72.70 and a 12-month high of $116.17.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $86.50 million. Equities analysts forecast that Nicolet Bankshares, Inc. will post 7.74 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, CEO Michael E. Daniels sold 8,003 shares of Nicolet Bankshares stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $98.98, for a total transaction of $792,136.94. Following the completion of the sale, the chief executive officer now owns 72,402 shares of the company’s stock, valued at $7,166,349.96. This trade represents a 9.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Brad Vincent Hutjens sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $115.30, for a total transaction of $691,800.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at $3,075,512.20. This trade represents a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,156 shares of company stock valued at $7,324,308. 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.