2,000 Shares in Nicolet Bankshares Inc. $NIC Bought by Heck Capital Advisors LLC

Key Points

• Heck Capital Advisors LLC has acquired a new stake in Nicolet Bankshares Inc., purchasing 2,000 shares valued at approximately $247,000 during the second quarter.
• Nicolet Bankshares reported quarterly earnings of $2.35 EPS, exceeding analysts' expectations of $2.14, with revenue of $95.74 million for the quarter.
• Recent analyst ratings for Nicolet Bankshares include a boost in target price by Maxim Group from $131.00 to $161.00, reflecting a positive outlook on the stock.

Heck Capital Advisors LLC purchased a new stake in Nicolet Bankshares Inc. (NYSE:NIC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,000 shares of the company's stock, valued at approximately $247,000.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV acquired a new position in shares of Nicolet Bankshares in the first quarter worth approximately $95,000. Smith Group Asset Management LLC acquired a new position in shares of Nicolet Bankshares in the 1st quarter worth approximately $210,000. Ballentine Partners LLC acquired a new position in shares of Nicolet Bankshares in the 2nd quarter worth approximately $231,000. Diversified Trust Co acquired a new stake in shares of Nicolet Bankshares during the first quarter worth $239,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Nicolet Bankshares during the first quarter worth $288,000. 43.06% of the stock is currently owned by institutional investors.

Nicolet Bankshares Stock Performance

Shares of Nicolet Bankshares stock opened at $135.20 on Tuesday. The business has a 50-day simple moving average of $132.74 and a 200 day simple moving average of $124.23. Nicolet Bankshares Inc. has a one year low of $91.24 and a one year high of $141.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.52 and a beta of 0.73.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.21. The firm had revenue of $95.74 million during the quarter, compared to analysts' expectations of $72.89 million. Nicolet Bankshares had a return on equity of 11.48% and a net margin of 25.12%. On average, research analysts anticipate that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Nicolet Bankshares's dividend payout ratio (DPR) is presently 14.70%.

Analyst Ratings Changes

Several research firms recently issued reports on NIC. Maxim Group boosted their target price on shares of Nicolet Bankshares from $131.00 to $161.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Wall Street Zen raised Nicolet Bankshares from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Nicolet Bankshares in a research note on Saturday, September 27th. Piper Sandler reiterated a "neutral" rating and issued a $140.00 target price (up from $122.50) on shares of Nicolet Bankshares in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods increased their price target on Nicolet Bankshares from $118.00 to $135.00 and gave the stock a "market perform" rating in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $145.33.

Insiders Place Their Bets

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 6,904 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $139.47, for a total transaction of $962,900.88. Following the transaction, the director owned 34,220 shares in the company, valued at approximately $4,772,663.40. This represents a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Eric James Witczak sold 1,588 shares of Nicolet Bankshares stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $139.42, for a total transaction of $221,398.96. Following the transaction, the executive vice president owned 28,901 shares of the company's stock, valued at $4,029,377.42. This represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,056 shares of company stock valued at $2,096,949 in the last 90 days. 14.20% of the stock is currently owned by company insiders.

About Nicolet Bankshares

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.

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