AlphaQuest LLC Boosts Stock Position in Nicolet Bankshares, Inc. (NYSE:NIC)

AlphaQuest LLC boosted its position in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 83.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,358 shares of the company's stock after purchasing an additional 2,436 shares during the period. AlphaQuest LLC's holdings in Nicolet Bankshares were worth $562,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NIC. New York State Teachers Retirement System bought a new position in shares of Nicolet Bankshares during the 4th quarter worth approximately $128,000. Quantbot Technologies LP acquired a new position in shares of Nicolet Bankshares during the 3rd quarter worth approximately $155,000. Virtu Financial LLC acquired a new position in shares of Nicolet Bankshares during the 3rd quarter worth about $264,000. Quest Partners LLC boosted its stake in shares of Nicolet Bankshares by 858.0% in the third quarter. Quest Partners LLC now owns 2,922 shares of the company's stock worth $279,000 after acquiring an additional 2,617 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Nicolet Bankshares by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company's stock valued at $408,000 after purchasing an additional 1,010 shares in the last quarter. 43.06% of the stock is currently owned by institutional investors.

Nicolet Bankshares Stock Up 1.8 %

Shares of NIC stock traded up $2.03 during mid-day trading on Friday, reaching $111.88. 18,296 shares of the company were exchanged, compared to its average volume of 45,053. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The business's 50 day simple moving average is $112.46 and its 200 day simple moving average is $106.36. Nicolet Bankshares, Inc. has a fifty-two week low of $75.24 and a fifty-two week high of $121.52. The company has a market capitalization of $1.71 billion, a P/E ratio of 13.93 and a beta of 0.76.

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Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Research analysts predict that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, March 10th. Nicolet Bankshares's dividend payout ratio (DPR) is 13.95%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Maxim Group increased their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Piper Sandler boosted their price target on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, January 23rd.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 3,975 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total transaction of $469,368.00. Following the transaction, the director now owns 30,317 shares of the company's stock, valued at $3,579,831.36. The trade was a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Merkatoris sold 300 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $115.26, for a total value of $34,578.00. Following the transaction, the director now directly owns 81,918 shares in the company, valued at approximately $9,441,868.68. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,527 shares of company stock worth $996,674. 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.