Nicolet Bankshares, Inc. (NYSE:NIC) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) by 14.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,399 shares of the company’s stock after selling 929 shares during the period. GSA Capital Partners LLP’s holdings in Nicolet Bankshares were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in NIC. Rothschild Investment LLC bought a new position in Nicolet Bankshares during the 2nd quarter worth $67,000. EntryPoint Capital LLC grew its stake in Nicolet Bankshares by 97.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after buying an additional 543 shares during the last quarter. Blair William & Co. IL bought a new position in Nicolet Bankshares during the 1st quarter worth $201,000. ProShare Advisors LLC bought a new position in Nicolet Bankshares during the 1st quarter worth $203,000. Finally, SG Americas Securities LLC bought a new position in Nicolet Bankshares during the 3rd quarter worth $412,000. 43.06% of the stock is currently owned by institutional investors.

Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $101.01, for a total transaction of $252,525.00. Following the completion of the transaction, the director now owns 33,315 shares of the company’s stock, valued at $3,365,148.15. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael E. Daniels sold 8,003 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $98.98, for a total value of $792,136.94. Following the transaction, the chief executive officer now directly owns 72,402 shares of the company’s stock, valued at $7,166,349.96. This represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,156 shares of company stock valued at $7,324,308 over the last 90 days. 16.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Maxim Group upped their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $106.00.

Nicolet Bankshares Trading Down 0.4 %

NYSE:NIC opened at $109.74 on Wednesday. Nicolet Bankshares, Inc. has a 1 year low of $72.70 and a 1 year high of $116.17. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 13.96 and a beta of 0.75. The business has a fifty day moving average of $100.49 and a 200-day moving average of $91.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) 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. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The company had revenue of $91.24 million during the quarter, compared to analysts’ expectations of $86.50 million. Equities analysts predict that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current year.

About Nicolet Bankshares

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.