Peregrine Capital Management LLC Makes New Investment in Nicolet Bankshares Inc. $NIC

Posted by Brenda Bartman on Jul 2nd, 2026

Peregrine Capital Management LLC acquired a new position in shares of Nicolet Bankshares Inc. (NYSE:NIC – Free Report) in the 1st quarter, Holdings Channel reports. The fund acquired 33,230 shares of the company’s stock, valued at approximately $4,939,000.

Several other hedge funds have also recently made changes to their positions in NIC. Sippican Capital Advisors purchased a new position in Nicolet Bankshares in the 1st quarter worth $554,000. Pictet Asset Management Holding SA grew its stake in Nicolet Bankshares by 57.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,996 shares of the company’s stock valued at $445,000 after purchasing an additional 1,093 shares during the last quarter. Apella Capital LLC acquired a new position in shares of Nicolet Bankshares in the first quarter valued at about $463,000. SG Americas Securities LLC increased its holdings in shares of Nicolet Bankshares by 12.3% in the first quarter. SG Americas Securities LLC now owns 8,700 shares of the company’s stock valued at $1,293,000 after purchasing an additional 950 shares during the period. Finally, Diversified Trust Co purchased a new position in shares of Nicolet Bankshares in the first quarter worth about $491,000. 43.06% of the stock is owned by institutional investors and hedge funds.

Nicolet Bankshares Stock Up 2.0%

Shares of NIC opened at $168.67 on Thursday. The firm has a market cap of $3.58 billion, a P/E ratio of 19.77 and a beta of 0.65. Nicolet Bankshares Inc. has a 12 month low of $114.11 and a 12 month high of $169.91. The stock’s 50 day moving average is $146.16 and its two-hundred day moving average is $144.43. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08.

Nicolet Bankshares (NYSE:NIC – Get Free Report) last released its 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 for the quarter, compared to analysts’ expectations of $129.74 million. Analysts predict that Nicolet Bankshares Inc. will post 11.75 earnings per share for the current fiscal year.

Nicolet Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.36 dividend. This is a positive change from Nicolet Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. Nicolet Bankshares’s dividend payout ratio is 16.88%.

Analyst Ratings Changes

A number of brokerages recently commented on NIC. Raymond James Financial initiated coverage on Nicolet Bankshares in a research report on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Weiss Ratings lowered shares of Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Piper Sandler decreased their price objective on shares of Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Hovde Group dropped their price objective on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Finally, Zacks Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.50.

Read Our Latest Stock Report on Nicolet Bankshares

Nicolet Bankshares Company Profile

(Free Report)

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.