Nicolet Bankshares, Inc. (NYSE:NIC) Shares Acquired by PDT Partners LLC

PDT Partners LLC boosted its holdings in Nicolet Bankshares, Inc. (NYSE:NIC - Free Report) by 59.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,865 shares of the company's stock after acquiring an additional 2,553 shares during the quarter. PDT Partners LLC's holdings in Nicolet Bankshares were worth $720,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp raised its position in shares of Nicolet Bankshares by 1.2% during the 4th quarter. Northern Trust Corp now owns 134,755 shares of the company's stock worth $14,137,000 after buying an additional 1,607 shares in the last quarter. Aquatic Capital Management LLC raised its holdings in Nicolet Bankshares by 289.3% during the fourth quarter. Aquatic Capital Management LLC now owns 2,336 shares of the company's stock worth $245,000 after purchasing an additional 1,736 shares in the last quarter. Oberweis Asset Management Inc. raised its holdings in Nicolet Bankshares by 19.0% during the fourth quarter. Oberweis Asset Management Inc. now owns 55,200 shares of the company's stock worth $5,791,000 after purchasing an additional 8,800 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in Nicolet Bankshares in the fourth quarter worth approximately $246,000. Finally, MetLife Investment Management LLC boosted its stake in Nicolet Bankshares by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 8,101 shares of the company's stock valued at $850,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 43.06% of the company's stock.

Nicolet Bankshares Price Performance

NYSE NIC opened at $118.11 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Nicolet Bankshares, Inc. has a 1 year low of $76.01 and a 1 year high of $121.52. The company has a market cap of $1.79 billion, a PE ratio of 14.71 and a beta of 0.69. The stock's 50-day moving average price is $111.52 and its two-hundred day moving average price is $110.03.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. The business had revenue of $89.43 million for the quarter, compared to analyst estimates of $70.08 million. On average, analysts predict that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.28 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.95%. Nicolet Bankshares's payout ratio is currently 13.51%.

Insider Transactions at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 3,975 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the completion of the sale, the director now directly owns 30,317 shares in the company, valued at approximately $3,579,831.36. This trade represents a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan L. Merkatoris sold 300 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $115.26, for a total transaction of $34,578.00. Following the completion of the transaction, the director now owns 81,918 shares in the company, valued at approximately $9,441,868.68. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,269 shares of company stock valued at $1,987,986 over the last quarter. Company insiders own 16.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NIC shares. Maxim Group boosted their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price target on shares of Nicolet Bankshares from $115.00 to $118.00 and gave the company a "market perform" rating in a report on Thursday, April 17th. Finally, Piper Sandler lowered their price objective on shares of Nicolet Bankshares from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th.

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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