UBS Group AG increased its holdings in Nicolet Bankshares Inc. (NYSE:NIC – Free Report) by 61.1% in the 4th quarter, Holdings Channel reports. The fund owned 49,213 shares of the company’s stock after buying an additional 18,657 shares during the quarter. UBS Group AG’s holdings in Nicolet Bankshares were worth $5,970,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of NIC. Boston Partners increased its stake in shares of Nicolet Bankshares by 40.6% in the 3rd quarter. Boston Partners now owns 199,396 shares of the company’s stock worth $26,789,000 after acquiring an additional 57,536 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Nicolet Bankshares in the 3rd quarter worth about $3,850,000. Vanguard Group Inc. increased its stake in shares of Nicolet Bankshares by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 737,578 shares of the company’s stock worth $89,468,000 after acquiring an additional 22,474 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Nicolet Bankshares by 4.1% in the 3rd quarter. First Trust Advisors LP now owns 540,486 shares of the company’s stock worth $72,695,000 after acquiring an additional 21,473 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Nicolet Bankshares by 71.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 49,468 shares of the company’s stock worth $6,653,000 after acquiring an additional 20,640 shares in the last quarter. 43.06% of the stock is currently owned by institutional investors.
Insider Activity at Nicolet Bankshares
In other news, Director Robert Bruce Atwell sold 3,309 shares of Nicolet Bankshares stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $149.82, for a total value of $495,754.38. Following the completion of the sale, the director directly owned 34,054 shares in the company, valued at $5,101,970.28. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.20% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on NIC
Nicolet Bankshares Stock Performance
Shares of NIC stock opened at $142.32 on Thursday. The company has a 50 day moving average price of $147.76 and a 200-day moving average price of $139.69. Nicolet Bankshares Inc. has a 52 week low of $114.11 and a 52 week high of $163.11. The firm has a market capitalization of $3.02 billion, a PE ratio of 16.68 and a beta of 0.70. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08.
Nicolet Bankshares (NYSE:NIC – Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). Nicolet Bankshares had a return on equity of 11.48% and a net margin of 21.89%.The company had revenue of $134.85 million during the quarter, compared to the consensus estimate of $129.74 million. As a group, equities research analysts expect that Nicolet Bankshares Inc. will post 11.75 earnings per share for the current year.
Nicolet Bankshares Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.36 dividend. This is a boost from Nicolet Bankshares’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, June 1st. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 16.88%.
About Nicolet Bankshares
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.
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