Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Nicolet Bankshares Inc. (NYSE:NIC – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,376 shares of the company’s stock, valued at approximately $889,000.
Several other large investors also recently made changes to their positions in NIC. Fifth Third Bancorp lifted its holdings in shares of Nicolet Bankshares by 2,979.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,096 shares of the company’s stock valued at $678,000 after acquiring an additional 3,963 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Nicolet Bankshares by 344.3% in the 2nd quarter. Principal Financial Group Inc. now owns 124,379 shares of the company’s stock valued at $20,571,000 after purchasing an additional 96,387 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in Nicolet Bankshares in the 2nd quarter valued at $728,000. Parallel Advisors LLC raised its position in Nicolet Bankshares by 151.9% in the first quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock valued at $90,000 after purchasing an additional 366 shares during the period. Finally, Bank of America Corp DE raised its position in Nicolet Bankshares by 109.8% in the first quarter. Bank of America Corp DE now owns 31,420 shares of the company’s stock valued at $4,670,000 after purchasing an additional 16,446 shares during the period. Institutional investors and hedge funds own 43.06% of the company’s stock.
Insider Activity
In other news, Director Robert Bruce Atwell sold 2,662 shares of the company’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 transaction of $453,178.88. Following the completion of the transaction, the director directly owned 34,483 shares of the company’s stock, valued at approximately $5,870,385.92. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric James Witczak sold 342 shares of the company’s 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 transaction, the executive vice president directly owned 33,288 shares of the company’s stock, valued at $5,724,204.48. This trade represents a 1.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 4,219 shares of company stock worth $715,976. 7.20% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Nicolet Bankshares
Nicolet Bankshares Stock Performance
Nicolet Bankshares stock opened at $178.94 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.90 and a quick ratio of 0.90. Nicolet Bankshares Inc. has a 12 month low of $114.11 and a 12 month high of $180.00. The company has a fifty day moving average price of $163.69 and a two-hundred day moving average price of $153.58. The company has a market cap of $3.75 billion, a PE ratio of 20.31 and a beta of 0.65.
Nicolet Bankshares (NYSE:NIC – Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.14. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. The company had revenue of $177.75 million for the quarter, compared to analysts’ expectations of $171.93 million. Research analysts expect 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. Investors of record on Tuesday, September 1st will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.44 annualized dividend and a yield of 0.8%. Nicolet Bankshares’s dividend payout ratio is 16.35%.
Nicolet Bankshares 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.
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