Nicolet Bankshares Inc. $NIC Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of Nicolet Bankshares Inc. (NYSE:NIC - Free Report) by 371.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,641 shares of the company's stock after acquiring an additional 7,595 shares during the period. Russell Investments Group Ltd.'s holdings in Nicolet Bankshares were worth $1,595,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NIC. EverSource Wealth Advisors LLC grew its stake in shares of Nicolet Bankshares by 3,940.0% in the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company's stock worth $25,000 after purchasing an additional 197 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Nicolet Bankshares during the fourth quarter valued at $48,000. Clearstead Advisors LLC raised its stake in shares of Nicolet Bankshares by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 451 shares of the company's stock valued at $55,000 after purchasing an additional 297 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Nicolet Bankshares by 151.9% during the first quarter. Parallel Advisors LLC now owns 607 shares of the company's stock valued at $90,000 after purchasing an additional 366 shares in the last quarter. Finally, UMB Bank n.a. acquired a new stake in Nicolet Bankshares in the fourth quarter worth about $102,000. Institutional investors and hedge funds own 43.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Piper Sandler set a $194.00 target price on shares of Nicolet Bankshares in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Nicolet Bankshares from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday, August 3rd. Hovde Group reduced their price target on shares of Nicolet Bankshares from $190.00 to $180.00 and set an "outperform" rating for the company in a research note on Thursday, April 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Finally, Raymond James Financial initiated coverage on shares of Nicolet Bankshares in a research note on Tuesday, June 23rd. They set a "market perform" rating on the stock. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Nicolet Bankshares presently has a consensus rating of "Moderate Buy" and an average price target of $183.00.

Insider Activity

In related news, EVP Eric James Witczak sold 1,215 shares of the business's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $167.89, for a total value of $203,986.35. Following the sale, the executive vice president directly owned 33,630 shares in the company, valued at $5,646,140.70. The trade was a 3.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Bruce Atwell sold 2,662 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $170.24, for a total transaction of $453,178.88. Following the sale, the director directly owned 34,483 shares of the company's stock, valued at approximately $5,870,385.92. This represents a 7.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,219 shares of company stock valued at $715,976. Insiders own 7.20% of the company's stock.

Nicolet Bankshares Trading Up 0.4%

Shares of Nicolet Bankshares stock opened at $178.94 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 20.31 and a beta of 0.65. The business has a fifty day simple moving average of $163.69 and a 200-day simple moving average of $153.58. Nicolet Bankshares Inc. has a fifty-two week low of $114.11 and a fifty-two week high of $180.00.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.14. The business had revenue of $177.75 million during the quarter, compared to analysts' expectations of $171.93 million. Nicolet Bankshares had a return on equity of 11.36% and a net margin of 21.77%. On average, equities analysts forecast that Nicolet Bankshares Inc. will post 12.3 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Nicolet Bankshares's dividend payout ratio is presently 16.35%.

Nicolet Bankshares Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company's branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.

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