Johnson Financial Group Inc. Buys Shares of 7,500 Nicolet Bankshares Inc. $NIC

Johnson Financial Group Inc. acquired a new stake in Nicolet Bankshares Inc. (NYSE:NIC) in the second quarter, Holdings Channel reports. The firm acquired 7,500 shares of the company’s stock, valued at approximately $1,240,000.

Several other large investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Nicolet Bankshares by 3,940.0% during the second quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock worth $25,000 after buying an additional 197 shares during the period. Meeder Asset Management Inc. acquired a new stake in Nicolet Bankshares during the 4th quarter worth $48,000. Clearstead Advisors LLC lifted its holdings in shares of Nicolet Bankshares by 192.9% in the 4th quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock valued at $55,000 after purchasing an additional 297 shares during the last quarter. Parallel Advisors LLC lifted its stake in Nicolet Bankshares by 151.9% in the first quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock valued at $90,000 after buying an additional 366 shares during the last quarter. Finally, UMB Bank n.a. purchased a new stake in Nicolet Bankshares in the 4th quarter valued at $102,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Price Performance

NIC opened at $172.82 on Thursday. Nicolet Bankshares Inc. has a 52-week low of $114.11 and a 52-week high of $180.00. The company has a market cap of $3.62 billion, a P/E ratio of 19.62 and a beta of 0.65. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $165.51 and a two-hundred day moving average of $154.33.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings data on Tuesday, July 21st. The company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.85 by $0.14. Nicolet Bankshares had a return on equity of 11.36% and a net margin of 21.77%.The company had revenue of $177.75 million for the quarter, compared to analyst estimates of $171.93 million. On average, analysts expect that Nicolet Bankshares Inc. will post 12.3 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

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

Insider Transactions at Nicolet Bankshares

In related news, Director Robert Bruce Atwell sold 2,662 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $170.24, for a total value of $453,178.88. Following the sale, the director directly owned 34,483 shares of the company’s stock, valued at $5,870,385.92. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Eric James Witczak sold 342 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 33,288 shares in the company, valued at approximately $5,724,204.48. This trade represents a 1.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,219 shares of company stock worth $715,976. Corporate insiders own 7.20% of the company’s stock.

Analyst Upgrades and Downgrades

NIC has been the subject of a number of recent research reports. Zacks Research raised Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Keefe, Bruyette & Woods upped their target price on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Piper Sandler set a $194.00 price target on Nicolet Bankshares in a research report on Wednesday, July 22nd. Hovde Group dropped their price objective on shares of Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Finally, Raymond James Financial assumed coverage on shares of Nicolet Bankshares in a research note on Tuesday, June 23rd. They issued a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $183.00.

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.