Cubist Systematic Strategies LLC Purchases 4,040 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

Cubist Systematic Strategies LLC raised its position in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 72.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,610 shares of the company's stock after purchasing an additional 4,040 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.06% of Nicolet Bankshares worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC increased its stake in shares of Nicolet Bankshares by 748.7% in the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock valued at $35,000 after purchasing an additional 292 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Nicolet Bankshares in the fourth quarter valued at approximately $128,000. Summit Investment Advisors Inc. increased its stake 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 purchasing an additional 140 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Nicolet Bankshares in the fourth quarter valued at approximately $211,000. Finally, Quantbot Technologies LP increased its stake in shares of Nicolet Bankshares by 30.7% in the fourth quarter. Quantbot Technologies LP now owns 2,116 shares of the company's stock valued at $222,000 after purchasing an additional 497 shares during the period. Institutional investors and hedge funds own 43.06% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NIC. Keefe, Bruyette & Woods raised their price target on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a research note on Thursday, April 17th. Maxim Group raised their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Piper Sandler lowered 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.

Insider Buying and Selling

In other Nicolet Bankshares news, Director Susan L. Merkatoris sold 3,700 shares of the stock in a transaction that occurred on 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 sale, the director now owns 78,218 shares in the company, valued at $8,492,910.44. This represents a 4.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Bruce Atwell sold 3,102 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $117.65, for a total transaction of $364,950.30. Following the transaction, the director now owns 33,816 shares in the company, valued at $3,978,452.40. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,294 shares of company stock worth $1,518,618. Corporate insiders own 16.40% of the company's stock.

Nicolet Bankshares Price Performance

Shares of NYSE NIC traded up $0.01 during mid-day trading on Friday, reaching $122.86. 101,704 shares of the company traded hands, compared to its average volume of 54,205. Nicolet Bankshares, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $125.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $1.85 billion, a PE ratio of 15.30 and a beta of 0.76. The stock has a fifty day simple moving average of $112.64 and a 200-day simple moving average of $111.51.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. The firm had revenue of $89.43 million during the quarter, compared to analysts' expectations of $70.08 million. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Equities research analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Monday, March 10th. Nicolet Bankshares's payout ratio is 13.51%.

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.