SG Americas Securities LLC Invests $405,000 in Nicolet Bankshares Inc. (NYSE:NIC)

SG Americas Securities LLC purchased a new stake in shares of Nicolet Bankshares Inc. (NYSE:NIC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,720 shares of the company's stock, valued at approximately $405,000.

Several other hedge funds have also recently bought and sold shares of NIC. Sterling Capital Management LLC boosted its stake in shares of Nicolet Bankshares by 748.7% during the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company's stock valued at $35,000 after buying an additional 292 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Nicolet Bankshares in the fourth quarter worth $61,000. New York State Teachers Retirement System purchased a new stake in shares of Nicolet Bankshares during the fourth quarter worth $128,000. Summit Investment Advisors Inc. boosted its position in Nicolet Bankshares by 11.0% during 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 last quarter. Finally, Franklin Resources Inc. acquired a new stake in Nicolet Bankshares during the fourth quarter valued at $211,000. 43.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NIC shares. Keefe, Bruyette & Woods upped their target price 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 lowered their price target on Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 6,192 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $115.85, for a total transaction of $717,343.20. Following the completion of the sale, the director now owns 33,816 shares of the company's stock, valued at $3,917,583.60. This represents a 15.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Merkatoris sold 3,700 shares of Nicolet Bankshares stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $108.58, for a total transaction of $401,746.00. Following the completion of the transaction, the director now directly owns 78,218 shares in the company, valued at approximately $8,492,910.44. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,226 shares of company stock valued at $1,884,826. Corporate insiders own 16.40% of the company's stock.

Nicolet Bankshares Stock Up 0.1%

Shares of Nicolet Bankshares stock traded up $0.12 during midday trading on Friday, reaching $124.97. 139,093 shares of the company's stock traded hands, compared to its average volume of 58,747. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 0.97. Nicolet Bankshares Inc. has a 52 week low of $79.84 and a 52 week high of $126.14. The company's 50 day simple moving average is $119.98 and its 200 day simple moving average is $113.66. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 15.08 and a beta of 0.76.

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

Nicolet Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.32 per share. This is a positive change from Nicolet Bankshares's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.02%. Nicolet Bankshares's dividend payout ratio 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.