State Street Corp Buys 13,772 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

State Street Corp grew its stake in Nicolet Bankshares, Inc. (NYSE:NIC) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,755 shares of the company’s stock after purchasing an additional 13,772 shares during the period. State Street Corp owned about 2.51% of Nicolet Bankshares worth $36,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new stake in Nicolet Bankshares during the second quarter worth about $67,000. Quantbot Technologies LP bought a new stake in shares of Nicolet Bankshares in the 3rd quarter worth approximately $155,000. Quest Partners LLC grew its holdings in shares of Nicolet Bankshares by 858.0% during the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock worth $279,000 after purchasing an additional 2,617 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Nicolet Bankshares by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock worth $408,000 after purchasing an additional 1,010 shares during the period. Finally, PDT Partners LLC bought a new position in Nicolet Bankshares during the third quarter worth about $412,000. Institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Stock Up 0.5 %

Shares of NIC stock opened at $106.01 on Friday. Nicolet Bankshares, Inc. has a 1 year low of $73.00 and a 1 year high of $116.17. The firm has a market capitalization of $1.61 billion, a P/E ratio of 13.49 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average price is $108.13 and its two-hundred day moving average price is $96.53.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The firm had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $86.50 million. On average, equities analysts predict that Nicolet Bankshares, Inc. will post 7.61 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares’s payout ratio is currently 14.25%.

Insider Buying and Selling

In other news, Director Robert Bruce Atwell sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $101.01, for a total transaction of $252,525.00. Following the completion of the transaction, the director now owns 33,315 shares of the company’s stock, valued at approximately $3,365,148.15. This trade represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brad Vincent Hutjens sold 4,560 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $102.85, for a total value of $468,996.00. Following the completion of the sale, the executive vice president now owns 26,674 shares in the company, valued at $2,743,420.90. The trade was a 14.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,507 shares of company stock worth $9,626,332. Corporate insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Maxim Group lifted their price objective on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $112.00.

Nicolet Bankshares Company Profile

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.