Susquehanna Fundamental Investments LLC Grows Position in Nicolet Bankshares Inc. $NIC

Susquehanna Fundamental Investments LLC boosted its position in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 89.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,971 shares of the company’s stock after buying an additional 3,286 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Nicolet Bankshares were worth $1,153,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NIC. EverSource Wealth Advisors LLC boosted its holdings in shares of Nicolet Bankshares by 3,940.0% in the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after acquiring an additional 197 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Nicolet Bankshares in the 4th quarter valued at $48,000. Clearstead Advisors LLC raised its position in Nicolet Bankshares by 192.9% in the 4th quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock valued at $55,000 after purchasing an additional 297 shares during the last quarter. Parallel Advisors LLC boosted its stake in Nicolet Bankshares by 151.9% during the 1st quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock worth $90,000 after purchasing an additional 366 shares during the period. Finally, UMB Bank n.a. acquired a new stake in Nicolet Bankshares during the 4th quarter worth $102,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NIC. Zacks Research upgraded shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Piper Sandler set a $194.00 target price on shares of Nicolet Bankshares in a research note on Wednesday, July 22nd. Weiss Ratings raised Nicolet Bankshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, August 17th. Raymond James Financial assumed coverage on Nicolet Bankshares in a research report on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods upped their price objective on Nicolet Bankshares from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Nicolet Bankshares has an average rating of “Moderate Buy” and an average target price of $183.00.

Insider Buying and Selling

In other news, Director Robert Bruce Atwell sold 2,662 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $170.24, for a total value of $453,178.88. Following the completion of the sale, the director directly owned 34,483 shares of the company’s stock, valued at $5,870,385.92. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric James Witczak sold 342 shares of Nicolet Bankshares stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $171.96, for a total value of $58,810.32. Following the completion of the sale, the executive vice president owned 33,288 shares in the company, valued at approximately $5,724,204.48. This trade represents a 1.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,219 shares of company stock worth $715,976 in the last ninety days. 7.20% of the stock is owned by corporate insiders.

Nicolet Bankshares Stock Down 2.2%

Shares of Nicolet Bankshares stock opened at $165.61 on Wednesday. Nicolet Bankshares Inc. has a one year low of $114.11 and a one year high of $180.00. The company has a market cap of $3.47 billion, a P/E ratio of 18.80 and a beta of 0.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a fifty day moving average of $169.63 and a two-hundred day moving average of $155.64.

Nicolet Bankshares (NYSE:NIC) last issued its earnings results on Tuesday, July 21st. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.14. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. The business had revenue of $177.75 million for the quarter, compared to the consensus estimate of $171.93 million. On average, analysts forecast that Nicolet Bankshares Inc. will post 12.3 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Nicolet Bankshares’s payout ratio is currently 16.35%.

Nicolet Bankshares Company Profile

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.