Sei Investments Co. Has $6.61 Million Position in Nicolet Bankshares Inc. $NIC

Sei Investments Co. boosted its stake in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 212.8% during the first quarter, HoldingsChannel.com reports. The firm owned 44,449 shares of the company’s stock after acquiring an additional 30,241 shares during the period. Sei Investments Co.’s holdings in Nicolet Bankshares were worth $6,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Nicolet Bankshares by 32.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 819,274 shares of the company’s stock valued at $121,756,000 after buying an additional 198,997 shares during the period. Vanguard Group Inc. raised its holdings in shares of Nicolet Bankshares by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 737,578 shares of the company’s stock worth $89,468,000 after acquiring an additional 22,474 shares in the last quarter. State Street Corp boosted its position in Nicolet Bankshares by 6.2% during the fourth quarter. State Street Corp now owns 458,724 shares of the company’s stock valued at $55,643,000 after purchasing an additional 26,893 shares during the last quarter. Jennison Associates LLC acquired a new stake in Nicolet Bankshares during the first quarter valued at $31,794,000. Finally, Boston Partners grew its stake in Nicolet Bankshares by 40.6% in the third quarter. Boston Partners now owns 199,396 shares of the company’s stock valued at $26,789,000 after purchasing an additional 57,536 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Insider Activity at Nicolet Bankshares

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 2,662 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $170.24, for a total transaction of $453,178.88. Following the transaction, the director owned 34,483 shares in the company, valued at $5,870,385.92. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Eric James Witczak sold 342 shares of Nicolet Bankshares stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $171.96, for a total transaction of $58,810.32. Following the completion of the transaction, the executive vice president directly owned 33,288 shares in the company, valued at approximately $5,724,204.48. This represents a 1.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,219 shares of company stock valued at $715,976. Corporate insiders own 7.20% of the company’s stock.

Nicolet Bankshares Trading Up 1.5%

Nicolet Bankshares stock opened at $173.51 on Tuesday. Nicolet Bankshares Inc. has a one year low of $114.11 and a one year high of $174.74. The company’s fifty day moving average price is $156.97 and its two-hundred day moving average price is $151.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 19.69 and a beta of 0.65.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.14. The company 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, analysts forecast that Nicolet Bankshares Inc. will post 12.3 earnings per share for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 1st. Nicolet Bankshares’s payout ratio is 16.35%.

Analyst Ratings Changes

Several brokerages have weighed in on NIC. Keefe, Bruyette & Woods upped their target price on Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Hovde Group lowered their price target on Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings cut Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Zacks Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Raymond James Financial started coverage on shares of Nicolet Bankshares in a research report on Tuesday, June 23rd. They set a “market perform” rating on the stock. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $183.00.

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.