Cubist Systematic Strategies LLC Has $1.01 Million Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Cubist Systematic Strategies LLC grew its holdings in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 72.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,610 shares of the company's stock after acquiring an additional 4,040 shares during the quarter. Cubist Systematic Strategies LLC owned 0.06% of Nicolet Bankshares worth $1,008,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Sterling Capital Management LLC raised its stake in Nicolet Bankshares by 748.7% in the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock worth $35,000 after purchasing an additional 292 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Nicolet Bankshares during the fourth quarter worth approximately $128,000. Summit Investment Advisors Inc. raised its position in shares of Nicolet Bankshares by 11.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock valued at $148,000 after buying an additional 140 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Nicolet Bankshares in the fourth quarter valued at approximately $211,000. Finally, Quantbot Technologies LP grew its position in Nicolet Bankshares by 30.7% during the fourth quarter. Quantbot Technologies LP now owns 2,116 shares of the company's stock worth $222,000 after buying an additional 497 shares in the last quarter. Institutional investors own 43.06% of the company's stock.

Nicolet Bankshares Price Performance

Shares of NIC stock traded up $0.49 during trading hours on Monday, reaching $123.23. The company's stock had a trading volume of 120,133 shares, compared to its average volume of 54,582. Nicolet Bankshares, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $125.05. The firm's 50 day simple moving average is $112.90 and its 200-day simple moving average is $111.79. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 15.35 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.14. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. The business had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. Sell-side analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.28 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.91%. Nicolet Bankshares's payout ratio is currently 13.51%.

Insider Activity at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 3,102 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $117.65, for a total transaction of $364,950.30. Following the sale, the director now owns 33,816 shares in the company, valued at $3,978,452.40. The trade was a 8.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Merkatoris sold 3,700 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $108.58, for a total value of $401,746.00. Following the completion of the transaction, the director now owns 78,218 shares of the company's stock, valued at $8,492,910.44. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,294 shares of company stock valued at $1,518,618. 16.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NIC shares. Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a report on Thursday, April 17th. Piper Sandler reduced their price objective on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Maxim Group boosted their target price on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd.

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.