PDT Partners LLC Buys Shares of 4,312 Nicolet Bankshares, Inc. (NYSE:NIC)

PDT Partners LLC bought a new stake in shares of Nicolet Bankshares, Inc. (NYSE:NIC) in the 3rd quarter, HoldingsChannel reports. The fund bought 4,312 shares of the company’s stock, valued at approximately $412,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in Nicolet Bankshares during the second quarter valued at $67,000. Quantbot Technologies LP bought a new stake in Nicolet Bankshares during the third quarter valued at $155,000. Quest Partners LLC increased its stake in Nicolet Bankshares by 858.0% during the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after purchasing an additional 2,617 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Nicolet Bankshares by 31.0% during the third quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after purchasing an additional 1,010 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Nicolet Bankshares during the third quarter valued at $412,000. Institutional investors own 43.06% of the company’s stock.

Insider Buying and Selling

In other Nicolet Bankshares news, EVP Brad Vincent Hutjens sold 4,560 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $102.85, for a total value of $468,996.00. Following the completion of the sale, the executive vice president now directly owns 26,674 shares of the company’s stock, valued at approximately $2,743,420.90. This represents a 14.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Bruce Atwell sold 14,171 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $103.00, for a total transaction of $1,459,613.00. Following the completion of the sale, the director now directly owns 33,315 shares of the company’s stock, valued at $3,431,445. The trade was a 29.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,507 shares of company stock valued at $7,366,332 over the last 90 days. 16.40% of the stock is currently owned by company insiders.

Nicolet Bankshares Stock Down 0.6 %

Nicolet Bankshares stock opened at $111.16 on Wednesday. The company has a 50-day simple moving average of $103.59 and a 200-day simple moving average of $94.01. The firm has a market capitalization of $1.69 billion, a P/E ratio of 14.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares, Inc. has a one year low of $73.00 and a one year high of $116.17.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.13. The business had revenue of $91.24 million during the quarter, compared to the consensus estimate of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. As a group, equities analysts expect that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.01%. The ex-dividend date is Monday, December 2nd. Nicolet Bankshares’s payout ratio is currently 14.25%.

Analyst Ratings Changes

Separately, Maxim Group upped their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Nicolet Bankshares has an average rating of “Hold” and an average target price of $106.00.

Nicolet Bankshares Company Profile

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.