Tudor Investment Corp ET AL Buys Shares of 28,622 Nicolet Bankshares Inc. $NIC

Tudor Investment Corp ET AL bought a new position in shares of Nicolet Bankshares Inc. (NYSE:NIC) during the third quarter, HoldingsChannel reports. The fund bought 28,622 shares of the company’s stock, valued at approximately $3,850,000.

Several other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Nicolet Bankshares by 150.8% during the 1st quarter. Royal Bank of Canada now owns 13,987 shares of the company’s stock valued at $1,524,000 after acquiring an additional 8,410 shares in the last quarter. AQR Capital Management LLC raised its position in Nicolet Bankshares by 15.2% in the first quarter. AQR Capital Management LLC now owns 11,819 shares of the company’s stock valued at $1,288,000 after purchasing an additional 1,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Nicolet Bankshares by 6.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,134 shares of the company’s stock valued at $886,000 after purchasing an additional 517 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Nicolet Bankshares by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,778 shares of the company’s stock worth $3,245,000 after purchasing an additional 1,922 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of Nicolet Bankshares by 7.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,170 shares of the company’s stock valued at $391,000 after buying an additional 220 shares during the period. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NIC has been the subject of a number of research reports. Maxim Group raised their price objective on shares of Nicolet Bankshares from $161.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Hovde Group restated an “outperform” rating and issued a $190.00 price target on shares of Nicolet Bankshares in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nicolet Bankshares in a report on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Nicolet Bankshares from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Nicolet Bankshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $179.50.

Nicolet Bankshares Stock Performance

Shares of NIC stock opened at $147.56 on Friday. The business’s 50 day simple moving average is $148.91 and its 200 day simple moving average is $134.99. Nicolet Bankshares Inc. has a one year low of $97.90 and a one year high of $163.11. The stock has a market capitalization of $3.15 billion, a PE ratio of 15.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, January 20th. The company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.18. The firm had revenue of $103.99 million during the quarter, compared to analyst estimates of $79.67 million. Nicolet Bankshares had a net margin of 26.98% and a return on equity of 12.49%. As a group, research analysts forecast that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a $0.32 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Nicolet Bankshares’s payout ratio is presently 13.06%.

Insider Buying and Selling

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,309 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $149.82, for a total transaction of $495,754.38. Following the sale, the director owned 34,054 shares of the company’s stock, valued at approximately $5,101,970.28. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 13,036 shares of company stock worth $1,992,022 over the last quarter. Corporate insiders own 16.40% of the company’s stock.

About Nicolet Bankshares

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.