Boston Partners Purchases 2,779 Shares of Nicolet Bankshares Inc. $NIC

Boston Partners increased its position in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 2.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,860 shares of the company’s stock after acquiring an additional 2,779 shares during the period. Boston Partners owned about 0.95% of Nicolet Bankshares worth $17,609,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Nicolet Bankshares Inc. grew its holdings in shares of Nicolet Bankshares by 5.5% during the first quarter. Nicolet Bankshares Inc. now owns 888,335 shares of the company’s stock worth $96,793,000 after purchasing an additional 45,950 shares during the last quarter. Nuveen LLC bought a new stake in Nicolet Bankshares during the 1st quarter worth approximately $3,754,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Nicolet Bankshares during the first quarter valued at $1,434,000. Vest Financial LLC lifted its holdings in shares of Nicolet Bankshares by 84.1% during the second quarter. Vest Financial LLC now owns 27,735 shares of the company’s stock worth $3,425,000 after purchasing an additional 12,666 shares during the period. Finally, Panagora Asset Management Inc. grew its stake in shares of Nicolet Bankshares by 85.1% in the first quarter. Panagora Asset Management Inc. now owns 19,250 shares of the company’s stock worth $2,097,000 after purchasing an additional 8,853 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors.

Nicolet Bankshares Price Performance

Shares of NIC opened at $125.00 on Friday. The firm has a market cap of $1.85 billion, a PE ratio of 13.38 and a beta of 0.76. Nicolet Bankshares Inc. has a 52-week low of $97.90 and a 52-week high of $141.92. The business’s 50 day moving average price is $129.10 and its two-hundred day moving average price is $127.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Thursday, October 23rd. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.32. Nicolet Bankshares had a net margin of 26.39% and a return on equity of 12.08%. The company had revenue of $102.88 million during the quarter, compared to analyst estimates of $76.83 million. On average, equities analysts anticipate that Nicolet Bankshares Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Nicolet Bankshares’s payout ratio is 13.70%.

Insider Activity

In other news, Director Robert J. Weyers purchased 3,000 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average price of $115.73 per share, for a total transaction of $347,190.00. Following the completion of the acquisition, the director owned 26,250 shares in the company, valued at approximately $3,037,912.50. The trade was a 12.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Hubert Phillip Moore, Jr. acquired 240 shares of Nicolet Bankshares stock in a transaction on Thursday, October 30th. The stock was purchased at an average cost of $115.84 per share, with a total value of $27,801.60. Following the purchase, the chief financial officer directly owned 32,947 shares of the company’s stock, valued at approximately $3,816,580.48. This trade represents a 0.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 3,345 shares of company stock worth $387,751. Company insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

NIC has been the topic of several recent research reports. Wall Street Zen raised Nicolet Bankshares from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Keefe, Bruyette & Woods raised Nicolet Bankshares from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Monday, October 27th. Maxim Group increased their target price on shares of Nicolet Bankshares from $131.00 to $161.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Nicolet Bankshares in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $153.67.

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.