FJ Capital Management LLC Raises Stock Holdings in Nicolet Bankshares Inc. $NIC

FJ Capital Management LLC boosted its holdings in Nicolet Bankshares Inc. (NYSE:NIC) by 29.6% in the fourth quarter, HoldingsChannel reports. The firm owned 20,421 shares of the company’s stock after purchasing an additional 4,668 shares during the period. FJ Capital Management LLC’s holdings in Nicolet Bankshares were worth $2,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NIC. EverSource Wealth Advisors LLC boosted its holdings in Nicolet Bankshares by 3,940.0% in the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Nicolet Bankshares in the third quarter valued at about $43,000. Meeder Asset Management Inc. purchased a new position in Nicolet Bankshares in the fourth quarter valued at about $48,000. Clearstead Advisors LLC boosted its holdings in Nicolet Bankshares by 192.9% in the fourth quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock valued at $55,000 after purchasing an additional 297 shares during the last quarter. Finally, UMB Bank n.a. purchased a new position in Nicolet Bankshares in the fourth quarter valued at about $102,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Stock Up 1.2%

Shares of Nicolet Bankshares stock opened at $148.92 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The business’s 50 day simple moving average is $146.03 and its 200-day simple moving average is $141.85. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 17.46 and a beta of 0.67. Nicolet Bankshares Inc. has a twelve month low of $114.11 and a twelve month high of $163.11.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). The company had revenue of $134.85 million for the quarter, compared to analyst estimates of $129.74 million. Nicolet Bankshares had a return on equity of 11.48% and a net margin of 21.89%. Equities research analysts forecast that Nicolet Bankshares Inc. will post 11.75 earnings per share for the current year.

Nicolet Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, June 1st. This is a positive change from Nicolet Bankshares’s previous quarterly dividend of $0.32. Nicolet Bankshares’s payout ratio is currently 16.88%.

Wall Street Analyst Weigh In

NIC has been the subject of a number of analyst reports. Zacks Research downgraded Nicolet Bankshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Hovde Group reduced their target price on Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Piper Sandler reduced their target price on Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Nicolet Bankshares presently has an average rating of “Moderate Buy” and a consensus price target of $176.50.

About Nicolet Bankshares

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.