Geode Capital Management LLC Grows Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Geode Capital Management LLC increased its holdings in Nicolet Bankshares, Inc. (NYSE:NIC) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,391 shares of the company’s stock after acquiring an additional 4,911 shares during the quarter. Geode Capital Management LLC owned about 1.99% of Nicolet Bankshares worth $29,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of NIC. Bank of New York Mellon Corp increased its stake in shares of Nicolet Bankshares by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock valued at $5,479,000 after purchasing an additional 4,007 shares in the last quarter. Principal Financial Group Inc. increased its position in Nicolet Bankshares by 9.9% during the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after buying an additional 555 shares in the last quarter. Rothschild Investment LLC bought a new position in Nicolet Bankshares during the 2nd quarter valued at approximately $67,000. Anchor Capital Advisors LLC boosted its holdings in Nicolet Bankshares by 7.1% in the second quarter. Anchor Capital Advisors LLC now owns 23,496 shares of the company’s stock worth $1,951,000 after acquiring an additional 1,560 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Nicolet Bankshares by 11.0% in the second quarter. American Century Companies Inc. now owns 24,804 shares of the company’s stock worth $2,060,000 after acquiring an additional 2,468 shares in the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Trading Up 0.6 %

Nicolet Bankshares stock opened at $106.96 on Friday. Nicolet Bankshares, Inc. has a one year low of $73.00 and a one year high of $116.17. The business’s fifty day moving average is $108.52 and its 200 day moving average is $97.30. The stock has a market capitalization of $1.63 billion, a PE ratio of 13.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results 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 analyst estimates of $86.50 million. On average, sell-side analysts predict that Nicolet Bankshares, Inc. will post 7.61 EPS for the current year.

Nicolet Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.05%. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Analysts Set New Price Targets

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

Insider Activity

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 1,079 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $102.85, for a total transaction of $110,975.15. Following the completion of the sale, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at approximately $2,743,420.90. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $113.00, for a total transaction of $859,817.00. Following the transaction, the director now owns 32,831 shares in the company, valued at $3,709,903. This represents a 18.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,507 shares of company stock valued at $9,626,332 in the last ninety days. 16.40% of the stock is currently owned by company insiders.

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.