Intech Investment Management LLC Lowers Position in Nicolet Bankshares Inc. $NIC

Intech Investment Management LLC decreased its holdings in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 19.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,184 shares of the company’s stock after selling 1,532 shares during the period. Intech Investment Management LLC’s holdings in Nicolet Bankshares were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Creative Planning raised its holdings in shares of Nicolet Bankshares by 1.8% in the 2nd quarter. Creative Planning now owns 15,545 shares of the company’s stock valued at $1,920,000 after acquiring an additional 270 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Nicolet Bankshares by 77.0% in the second quarter. SG Americas Securities LLC now owns 6,586 shares of the company’s stock worth $813,000 after purchasing an additional 2,866 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in 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 purchasing an additional 220 shares in the last quarter. Boston Partners lifted its position in Nicolet Bankshares by 2.0% during the second quarter. Boston Partners now owns 141,860 shares of the company’s stock valued at $17,609,000 after purchasing an additional 2,779 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Nicolet Bankshares by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,004 shares of the company’s stock worth $7,409,000 after buying an additional 1,940 shares in the last quarter. 43.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NIC has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of Nicolet Bankshares in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised Nicolet Bankshares from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.67.

Nicolet Bankshares Stock Performance

NYSE NIC opened at $127.41 on Thursday. The company has a 50-day simple moving average of $126.90 and a two-hundred day simple moving average of $127.70. Nicolet Bankshares Inc. has a 12-month low of $97.90 and a 12-month high of $141.92. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 13.64 and a beta of 0.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.11.

Nicolet Bankshares (NYSE:NIC) last released its earnings results on Thursday, October 23rd. The company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.32. The company had revenue of $102.88 million during the quarter, compared to analyst estimates of $76.83 million. Nicolet Bankshares had a return on equity of 12.08% and a net margin of 26.39%. On average, equities analysts forecast that Nicolet Bankshares Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, December 8th. Nicolet Bankshares’s dividend payout ratio is 13.70%.

Insider Activity at Nicolet Bankshares

In other news, Director Robert J. Weyers purchased 3,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average price of $115.73 per share, with a total value of $347,190.00. Following the transaction, the director directly owned 26,250 shares of the company’s stock, valued at approximately $3,037,912.50. This represents a 12.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Hubert Phillip Moore, Jr. purchased 240 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average cost of $115.84 per share, for a total transaction of $27,801.60. Following the acquisition, the chief financial officer owned 32,947 shares in the company, valued at approximately $3,816,580.48. The trade was a 0.73% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 3,370 shares of company stock worth $390,760 in the last 90 days. Company 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.