18,704 Shares in Nicolet Bankshares Inc. $NIC Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Nicolet Bankshares Inc. (NYSE:NIC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,704 shares of the company’s stock, valued at approximately $3,093,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NIC. EverSource Wealth Advisors LLC increased its position in Nicolet Bankshares by 3,940.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock worth $25,000 after purchasing an additional 197 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Nicolet Bankshares during the 4th quarter valued at about $48,000. Clearstead Advisors LLC grew its stake 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 buying an additional 297 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Nicolet Bankshares by 151.9% in the 1st quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock valued at $90,000 after buying an additional 366 shares in the last quarter. Finally, UMB Bank n.a. bought a new stake in shares of Nicolet Bankshares in the 4th quarter valued at approximately $102,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Insider Buying and Selling at Nicolet Bankshares

In related news, Director Robert Atwell sold 2,662 shares of the firm’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 transaction, the director directly owned 34,483 shares in the company, valued at approximately $5,870,385.92. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Eric Witczak sold 342 shares of Nicolet Bankshares stock in a transaction on Tuesday, July 28th. The stock was 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 owned 33,288 shares in the company, valued at $5,724,204.48. This trade represents a 1.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 4,219 shares of company stock valued at $715,976. 7.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NIC. Piper Sandler set a $194.00 price objective on shares of Nicolet Bankshares in a research report on Wednesday, July 22nd. Raymond James Financial started coverage on shares of Nicolet Bankshares in a research report on Tuesday, June 23rd. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods increased their price target on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Zacks Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings cut shares of Nicolet Bankshares from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $183.00.

Nicolet Bankshares Stock Up 0.8%

Shares of NIC stock opened at $172.32 on Friday. The stock’s 50 day simple moving average is $170.27 and its 200 day simple moving average is $155.99. Nicolet Bankshares Inc. has a twelve month low of $114.11 and a twelve month high of $180.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 19.56 and a beta of 0.64.

Nicolet Bankshares (NYSE:NIC) last announced its earnings results on Tuesday, July 21st. The company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.14. Nicolet Bankshares had a return on equity of 11.36% and a net margin of 21.77%.The firm had revenue of $177.75 million during the quarter, compared to analysts’ expectations of $171.93 million. As a group, research analysts predict that Nicolet Bankshares Inc. will post 12.3 EPS for the current year.

Nicolet Bankshares Announces Dividend

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

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.