KLCM Advisors Inc. Raises Holdings in Nicolet Bankshares Inc. $NIC

KLCM Advisors Inc. boosted its stake in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 266.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,500 shares of the company’s stock after purchasing an additional 4,000 shares during the quarter. KLCM Advisors Inc.’s holdings in Nicolet Bankshares were worth $667,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Nicolet Bankshares by 3,940.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $25,000 after acquiring an additional 197 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Nicolet Bankshares in the 3rd quarter valued at about $43,000. Parkside Financial Bank & Trust increased its holdings in shares of Nicolet Bankshares by 45.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 589 shares of the company’s stock valued at $79,000 after acquiring an additional 183 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Nicolet Bankshares in the 3rd quarter valued at about $80,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Nicolet Bankshares in the 2nd quarter valued at about $133,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler dropped their price objective on Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Maxim Group increased their price objective on Nicolet Bankshares from $161.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Zacks Research downgraded Nicolet Bankshares from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings upgraded Nicolet Bankshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 4th. Finally, Hovde Group dropped their price objective on Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Nicolet Bankshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.50.

Nicolet Bankshares Stock Down 2.1%

Nicolet Bankshares stock opened at $143.93 on Tuesday. Nicolet Bankshares Inc. has a twelve month low of $114.11 and a twelve month high of $163.11. The stock has a 50 day moving average of $149.44 and a two-hundred day moving average of $138.78. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 16.87 and a beta of 0.70.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). The company had revenue of $134.85 million for the quarter, compared to analyst estimates of $129.74 million. Nicolet Bankshares had a return on equity of 11.48% and a net margin of 21.89%. As a group, research analysts expect that Nicolet Bankshares Inc. will post 11.75 earnings per share for the current year.

Nicolet Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from Nicolet Bankshares’s previous quarterly dividend of $0.32. Nicolet Bankshares’s dividend payout ratio (DPR) is 16.88%.

Insiders Place Their Bets

In other Nicolet Bankshares news, Director Robert Bruce Atwell sold 6,396 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $155.47, for a total transaction of $994,386.12. Following the completion of the transaction, the director owned 34,054 shares of the company’s stock, valued at approximately $5,294,375.38. This trade represents a 15.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 13,036 shares of company stock valued at $1,992,022. Company insiders own 7.20% of the company’s stock.

About Nicolet Bankshares

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.