GAMMA Investing LLC Buys 6,181 Shares of Nicolet Bankshares Inc. (NYSE:NIC)

GAMMA Investing LLC grew its stake in shares of Nicolet Bankshares Inc. (NYSE:NIC - Free Report) by 20,603.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,211 shares of the company's stock after buying an additional 6,181 shares during the period. GAMMA Investing LLC's holdings in Nicolet Bankshares were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in Nicolet Bankshares by 51.0% during the fourth quarter. Deutsche Bank AG now owns 11,506 shares of the company's stock worth $1,207,000 after buying an additional 3,888 shares during the last quarter. Barclays PLC boosted its holdings in Nicolet Bankshares by 15.1% during the fourth quarter. Barclays PLC now owns 27,589 shares of the company's stock worth $2,894,000 after buying an additional 3,611 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Nicolet Bankshares by 24.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,856 shares of the company's stock worth $2,922,000 after buying an additional 5,492 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Nicolet Bankshares during the fourth quarter worth about $1,586,000. Finally, American Century Companies Inc. raised its position in shares of Nicolet Bankshares by 10.4% during the fourth quarter. American Century Companies Inc. now owns 31,576 shares of the company's stock worth $3,313,000 after purchasing an additional 2,984 shares during the period. Institutional investors own 43.06% of the company's stock.

Insider Activity at Nicolet Bankshares

In related news, Director Susan L. Merkatoris sold 3,700 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $108.58, for a total value of $401,746.00. Following the sale, the director now owns 78,218 shares of the company's stock, valued at approximately $8,492,910.44. This trade represents a 4.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Bruce Atwell sold 3,126 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $118.30, for a total value of $369,805.80. Following the completion of the sale, the director now directly owns 34,220 shares in the company, valued at approximately $4,048,226. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,226 shares of company stock valued at $1,884,826. 16.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NIC shares. Keefe, Bruyette & Woods raised their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the stock a "market perform" rating in a research report on Thursday, April 17th. Piper Sandler dropped their price target on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th.

Nicolet Bankshares Stock Down 0.3%

Shares of NYSE NIC traded down $0.34 during mid-day trading on Friday, reaching $116.73. 295,233 shares of the company's stock were exchanged, compared to its average volume of 58,564. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 14.08 and a beta of 0.76. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $118.47 and a 200 day simple moving average of $113.28. Nicolet Bankshares Inc. has a twelve month low of $77.49 and a twelve month high of $125.50.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a return on equity of 11.08% and a net margin of 24.31%. The company had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. As a group, equities analysts expect that Nicolet Bankshares Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Monday, June 2nd. This is a positive change from Nicolet Bankshares's previous quarterly dividend of $0.28. Nicolet Bankshares's dividend payout ratio (DPR) is currently 15.44%.

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.