Nicolet Bankshares Inc. (NCBS) Position Cut by Context BH Capital Management LP
Context BH Capital Management LP reduced its holdings in shares of Nicolet Bankshares Inc. (NASDAQ:NCBS) by 58.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,180 shares of the bank’s stock after selling 8,624 shares during the period. Context BH Capital Management LP owned approximately 0.06% of Nicolet Bankshares worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Legal & General Group Plc increased its position in Nicolet Bankshares by 10.1% during the 2nd quarter. Legal & General Group Plc now owns 2,321 shares of the bank’s stock valued at $127,000 after buying an additional 212 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Nicolet Bankshares during the 2nd quarter valued at about $170,000. Bessemer Group Inc. acquired a new position in Nicolet Bankshares during the 2nd quarter valued at about $241,000. Spark Investment Management LLC acquired a new position in Nicolet Bankshares during the 2nd quarter valued at about $273,000. Finally, Voya Investment Management LLC increased its position in Nicolet Bankshares by 15.0% during the 2nd quarter. Voya Investment Management LLC now owns 5,021 shares of the bank’s stock valued at $275,000 after buying an additional 655 shares in the last quarter. 35.25% of the stock is currently owned by institutional investors.
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Separately, Maxim Group upped their target price on Nicolet Bankshares from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 19th.
In other news, EVP Michael E. Daniels sold 24,239 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total value of $1,367,806.77. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Robert Bruce Atwell sold 19,639 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total value of $1,108,228.77. The disclosure for this sale can be found here. 13.90% of the stock is currently owned by insiders.
Shares of Nicolet Bankshares Inc. (NCBS) traded down $0.21 during trading hours on Tuesday, reaching $55.30. The company had a trading volume of 9,700 shares, compared to its average volume of 20,036. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. The firm has a market cap of $544.09, a price-to-earnings ratio of 17.85 and a beta of 1.77. Nicolet Bankshares Inc. has a 12 month low of $42.34 and a 12 month high of $61.98.
Nicolet Bankshares (NASDAQ:NCBS) last posted its quarterly earnings results on Tuesday, October 17th. The bank reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.10. The business had revenue of $35.25 million for the quarter. Nicolet Bankshares had a return on equity of 9.45% and a net margin of 22.63%.
About Nicolet Bankshares
Nicolet Bankshares, Inc is a bank holding company. The Company conducts operations through its subsidiary, Nicolet National Bank (the Bank), which is a commercial bank. The Company also owns investment advisory firms, Brookfield Investment Partners, LLC, which provides investment strategy and transactional services to select community banks, and Nicolet Advisory Services, LLC, which conducts brokerage and financial advisory services primarily to individual consumers.
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