GAMMA Investing LLC Raises Stake in Nicolet Bankshares Inc. (NYSE:NIC)

GAMMA Investing LLC lifted its position in Nicolet Bankshares Inc. (NYSE:NIC - Free Report) by 20,603.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,211 shares of the company's stock after purchasing 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 SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC lifted its position in Nicolet Bankshares by 0.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company's stock valued at $2,450,000 after buying an additional 97 shares during the period. Rafferty Asset Management LLC increased its holdings in Nicolet Bankshares by 1.4% in the 4th quarter. Rafferty Asset Management LLC now owns 8,531 shares of the company's stock worth $895,000 after buying an additional 120 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in Nicolet Bankshares by 11.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,410 shares of the company's stock worth $148,000 after buying an additional 140 shares in the last quarter. Advisory Research Inc. grew its stake in shares of Nicolet Bankshares by 0.3% during the 4th quarter. Advisory Research Inc. now owns 44,723 shares of the company's stock valued at $4,692,000 after purchasing an additional 155 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Nicolet Bankshares by 2.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 5,815 shares of the company's stock valued at $610,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 43.06% of the company's stock.

Nicolet Bankshares Stock Performance

Shares of Nicolet Bankshares stock opened at $116.88 on Wednesday. The stock's fifty day moving average is $117.63 and its two-hundred day moving average is $113.17. The company has a market capitalization of $1.76 billion, a PE ratio of 14.10 and a beta of 0.76. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. Nicolet Bankshares Inc. has a 52 week low of $77.49 and a 52 week high of $125.50.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share (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 business had revenue of $89.43 million for the quarter, compared to the consensus estimate of $70.08 million. As a group, analysts expect that Nicolet Bankshares Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a dividend of $0.32 per share. This is a boost from Nicolet Bankshares's previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, June 2nd. Nicolet Bankshares's dividend payout ratio is 15.44%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NIC shares. Piper Sandler lowered their price objective 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. Keefe, Bruyette & Woods increased their price target on Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a report on Thursday, April 17th.

Insider Buying and Selling

In other news, Director Robert Bruce Atwell sold 3,126 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $118.30, for a total value of $369,805.80. Following the completion of the transaction, the director now directly owns 34,220 shares in the company, valued at $4,048,226. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan L. Merkatoris sold 3,700 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was 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 approximately $8,492,910.44. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,226 shares of company stock worth $1,884,826 in the last three months. 14.20% of the stock is owned by insiders.

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.

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