Quest Partners LLC Has $279,000 Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Quest Partners LLC increased its position in Nicolet Bankshares, Inc. (NYSE:NIC) by 858.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,922 shares of the company’s stock after buying an additional 2,617 shares during the period. Quest Partners LLC’s holdings in Nicolet Bankshares were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of Nicolet Bankshares in the second quarter worth about $67,000. ProShare Advisors LLC acquired a new stake in Nicolet Bankshares in the 1st quarter valued at approximately $203,000. SG Americas Securities LLC bought a new position in Nicolet Bankshares in the 3rd quarter worth approximately $412,000. Los Angeles Capital Management LLC acquired a new position in shares of Nicolet Bankshares during the third quarter worth approximately $528,000. Finally, Principal Financial Group Inc. boosted its position in shares of Nicolet Bankshares by 9.9% in the second quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after acquiring an additional 555 shares during the period. Institutional investors and hedge funds own 43.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upped their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company 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, the stock currently has an average rating of “Hold” and an average target price of $106.00.

Nicolet Bankshares Price Performance

Shares of NIC stock opened at $112.88 on Wednesday. The company has a market capitalization of $1.72 billion, a P/E ratio of 14.36 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 12 month low of $72.70 and a 12 month high of $116.17. The stock has a 50 day moving average of $102.08 and a two-hundred day moving average of $92.95.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. The firm had revenue of $91.24 million for the quarter, compared to the consensus estimate 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 expect that Nicolet Bankshares, Inc. will post 7.74 EPS for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.28 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.99%. Nicolet Bankshares’s payout ratio is currently 14.25%.

Insider Buying and Selling

In other news, CEO Michael E. Daniels sold 8,003 shares of the company’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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brad Vincent Hutjens sold 5,838 shares of Nicolet Bankshares stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $113.58, for a total transaction of $663,080.04. Following the transaction, the executive vice president now directly owns 29,593 shares of the company’s stock, valued at $3,361,172.94. This represents a 16.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,510 shares of company stock valued at $8,158,468 over the last quarter. Corporate insiders own 16.40% of the company’s stock.

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.