Nicolet Bankshares Inc (NCBS) Shares Sold by Systematic Financial Management LP
Systematic Financial Management LP lowered its stake in Nicolet Bankshares Inc (NASDAQ:NCBS) by 28.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,960 shares of the bank’s stock after selling 3,120 shares during the period. Systematic Financial Management LP’s holdings in Nicolet Bankshares were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Nicolet Bankshares by 3.2% in the fourth quarter. BlackRock Inc. now owns 450,127 shares of the bank’s stock worth $24,640,000 after buying an additional 14,039 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Nicolet Bankshares by 8.5% in the second quarter. Vanguard Group Inc. now owns 277,358 shares of the bank’s stock worth $15,174,000 after buying an additional 21,826 shares during the last quarter. State Street Corp raised its holdings in shares of Nicolet Bankshares by 18.6% in the second quarter. State Street Corp now owns 138,922 shares of the bank’s stock worth $7,599,000 after buying an additional 21,747 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Nicolet Bankshares by 23.7% in the second quarter. Northern Trust Corp now owns 96,661 shares of the bank’s stock worth $5,288,000 after buying an additional 18,551 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Nicolet Bankshares by 67.1% in the third quarter. Dimensional Fund Advisors LP now owns 52,133 shares of the bank’s stock worth $2,999,000 after buying an additional 20,932 shares during the last quarter. 33.06% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on NCBS shares. ValuEngine cut shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered shares of Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. DA Davidson initiated coverage on shares of Nicolet Bankshares in a research note on Thursday, December 14th. They issued a “neutral” rating and a $61.00 price objective on the stock. Sandler O’Neill reiterated a “hold” rating and issued a $58.50 price objective on shares of Nicolet Bankshares in a research note on Wednesday, January 3rd. Finally, Maxim Group reiterated a “buy” rating and issued a $65.00 price objective on shares of Nicolet Bankshares in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Nicolet Bankshares currently has an average rating of “Hold” and an average price target of $61.88.
Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings data on Tuesday, January 16th. The bank reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.10. The firm had revenue of $35.13 million for the quarter, compared to analyst estimates of $35.90 million. Nicolet Bankshares had a net margin of 23.38% and a return on equity of 10.22%. research analysts forecast that Nicolet Bankshares Inc will post 3.39 EPS for the current fiscal year.
In other news, SVP Patrick Joseph Madson sold 1,027 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $57.65, for a total value of $59,206.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.90% of the stock is owned by corporate insiders.
Nicolet Bankshares Profile
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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