Spark Investment Management LLC Takes Position in Nicolet Bankshares Inc. (NCBS)
Spark Investment Management LLC purchased a new position in shares of Nicolet Bankshares Inc. (NASDAQ:NCBS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,000 shares of the bank’s stock, valued at approximately $273,000.
Separately, Bowling Portfolio Management LLC bought a new position in shares of Nicolet Bankshares during the second quarter worth $508,000. 30.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nicolet Bankshares Inc. (NASDAQ NCBS) opened at 53.67 on Wednesday. Nicolet Bankshares Inc. has a 12 month low of $36.00 and a 12 month high of $55.83. The stock has a 50 day moving average of $54.14 and a 200-day moving average of $50.49. The company has a market cap of $529.29 million, a price-to-earnings ratio of 18.48 and a beta of 1.82.
Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $0.83 EPS for the quarter, topping the consensus estimate of $0.74 by $0.09. The company had revenue of $32.84 million during the quarter. Nicolet Bankshares had a net margin of 21.55% and a return on equity of 9.09%. On average, analysts forecast that Nicolet Bankshares Inc. will post $3.18 EPS for the current year.
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NCBS has been the topic of a number of research reports. Maxim Group reaffirmed a “buy” rating and issued a $54.00 price target on shares of Nicolet Bankshares in a research note on Thursday, April 20th. ValuEngine raised shares of Nicolet Bankshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $63.00 price target on shares of Nicolet Bankshares in a research note on Friday, April 21st.
In related news, SVP Michael Joseph Vogel sold 2,500 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $54.00, for a total value of $135,000.00. Following the transaction, the senior vice president now directly owns 10,927 shares in the company, valued at approximately $590,058. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Robert Bruce Atwell sold 5,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $53.52, for a total value of $267,600.00. Following the completion of the transaction, the chairman now owns 47,969 shares in the company, valued at $2,567,300.88. The disclosure for this sale can be found here. Company insiders own 13.90% of the company’s stock.
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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