Virtu Financial LLC Invests $2.05 Million in Nicolet Bankshares Inc. $NIC

Virtu Financial LLC bought a new stake in shares of Nicolet Bankshares Inc. (NYSE:NIC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,887 shares of the company’s stock, valued at approximately $2,048,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NIC. PDT Partners LLC boosted its holdings in Nicolet Bankshares by 1.8% during the 2nd quarter. PDT Partners LLC now owns 5,572 shares of the company’s stock worth $688,000 after acquiring an additional 100 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Nicolet Bankshares by 4.9% in the fourth quarter. ProShare Advisors LLC now owns 2,424 shares of the company’s stock valued at $294,000 after purchasing an additional 113 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Nicolet Bankshares by 4.6% in the fourth quarter. LPL Financial LLC now owns 2,836 shares of the company’s stock valued at $344,000 after purchasing an additional 126 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Nicolet Bankshares by 71.8% during the third quarter. EverSource Wealth Advisors LLC now owns 347 shares of the company’s stock valued at $47,000 after purchasing an additional 145 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Nicolet Bankshares by 0.6% during the fourth quarter. Bank of Montreal Can now owns 23,181 shares of the company’s stock valued at $2,829,000 after purchasing an additional 147 shares in the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

Nicolet Bankshares Stock Performance

Shares of NIC stock opened at $146.82 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 17.21 and a beta of 0.67. Nicolet Bankshares Inc. has a 52 week low of $114.11 and a 52 week high of $163.11. The firm’s 50-day simple moving average is $145.66 and its two-hundred day simple moving average is $142.57.

Nicolet Bankshares (NYSE:NIC) last released its earnings results 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). Nicolet Bankshares had a net margin of 21.89% and a return on equity of 11.48%. The company had revenue of $134.85 million for the quarter, compared to the consensus estimate of $129.74 million. As a group, equities analysts forecast 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 was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.36 dividend. The ex-dividend date was Monday, June 1st. This is a positive change from Nicolet Bankshares’s previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a yield of 1.0%. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 16.88%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NIC shares. Hovde Group cut their price target on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Zacks Research lowered shares of Nicolet Bankshares from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Weiss Ratings cut shares of Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Finally, Piper Sandler cut their target price on Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.50.

Nicolet Bankshares Company 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.