Los Angeles Capital Management LLC Takes $528,000 Position in Nicolet Bankshares, Inc. (NYSE:NIC)

Los Angeles Capital Management LLC bought a new stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,520 shares of the company's stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Nicolet Bankshares by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 705,938 shares of the company's stock valued at $60,704,000 after acquiring an additional 8,213 shares during the period. Dimensional Fund Advisors LP increased its position in Nicolet Bankshares by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 587,488 shares of the company's stock worth $48,783,000 after buying an additional 16,952 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Nicolet Bankshares by 2,480.2% in the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company's stock worth $14,094,000 after buying an additional 157,566 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Nicolet Bankshares by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company's stock valued at $5,479,000 after buying an additional 4,007 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Nicolet Bankshares by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company's stock valued at $3,783,000 after acquiring an additional 192 shares during the period. 43.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nicolet Bankshares

In other news, CEO Michael E. Daniels sold 8,003 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $98.98, for a total transaction of $792,136.94. Following the transaction, the chief executive officer now owns 72,402 shares of the company's stock, valued at approximately $7,166,349.96. This represents a 9.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $102.85, for a total transaction of $110,975.15. Following the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $2,743,420.90. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,156 shares of company stock worth $7,324,308 over the last 90 days. Company insiders own 16.40% of the company's stock.

Nicolet Bankshares Price Performance

Shares of NYSE:NIC traded up $0.05 during trading on Friday, hitting $111.84. 33,068 shares of the company's stock were exchanged, compared to its average volume of 70,300. The business's 50-day simple moving average is $99.88 and its 200 day simple moving average is $91.35. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 14.23 and a beta of 0.75. Nicolet Bankshares, Inc. has a 52-week low of $72.70 and a 52-week high of $116.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The firm had revenue of $91.24 million during the quarter, compared to analyst estimates of $86.50 million. As a group, equities analysts predict that Nicolet Bankshares, Inc. will post 7.74 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares's payout ratio is currently 14.25%.

Analysts Set New Price Targets

Separately, Maxim Group raised their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Nicolet Bankshares has a consensus rating of "Hold" and a consensus price target of $106.00.

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.