Nicolet Bankshares, Inc. (NYSE:NIC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 303,391 shares of the company's stock after acquiring an additional 4,911 shares during the period. Geode Capital Management LLC owned approximately 1.99% of Nicolet Bankshares worth $29,019,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Barclays PLC increased its holdings in Nicolet Bankshares by 170.7% in the third quarter. Barclays PLC now owns 23,978 shares of the company's stock valued at $2,291,000 after buying an additional 15,121 shares in the last quarter. State Street Corp grew its holdings in shares of Nicolet Bankshares by 3.7% in the 3rd quarter. State Street Corp now owns 381,755 shares of the company's stock worth $36,507,000 after acquiring an additional 13,772 shares during the period. PDT Partners LLC purchased a new position in Nicolet Bankshares in the 3rd quarter valued at approximately $412,000. BNP Paribas Financial Markets raised its holdings in Nicolet Bankshares by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company's stock worth $408,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Nicolet Bankshares during the third quarter worth $155,000. Hedge funds and other institutional investors own 43.06% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NIC shares. Maxim Group raised their price target on Nicolet Bankshares from $120.00 to $124.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods raised their target price on shares of Nicolet Bankshares from $100.00 to $110.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $112.00.

Nicolet Bankshares Price Performance

Shares of NYSE:NIC traded down $2.35 on Friday, hitting $104.61. The company had a trading volume of 30,849 shares, compared to its average volume of 43,518. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.59 billion, a PE ratio of 13.31 and a beta of 0.76. Nicolet Bankshares, Inc. has a 52-week low of $73.00 and a 52-week high of $116.17. The business has a 50 day moving average of $108.57 and a 200 day moving average of $97.49.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.13. The company had revenue of $91.24 million for the quarter, compared to analysts' expectations of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. As a group, equities analysts anticipate that Nicolet Bankshares, Inc. will post 7.61 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 1.07%. Nicolet Bankshares's dividend payout ratio (DPR) is presently 14.25%.

Insiders Place Their Bets

In related news, Director Robert Bruce Atwell sold 2,908 shares of the company's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $103.22, for a total transaction of $300,163.76. Following the completion of the transaction, the director now owns 35,815 shares of the company's stock, valued at approximately $3,696,824.30. This represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.35, for a total transaction of $1,435,725.00. Following the completion of the transaction, the executive vice president now owns 26,674 shares in the company, valued at approximately $2,836,779.90. This trade represents a 33.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,507 shares of company stock valued at $9,626,332 in the last quarter. 16.40% of the stock is currently owned by company insiders.

Nicolet Bankshares 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.