Hsbc Holdings PLC Takes Position in Nicolet Bankshares Inc. $NIC

Hsbc Holdings PLC acquired a new stake in shares of Nicolet Bankshares Inc. (NYSE:NIC) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 32,830 shares of the company’s stock, valued at approximately $5,380,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NIC. EverSource Wealth Advisors LLC increased its holdings 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 in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Nicolet Bankshares during the fourth quarter valued at about $48,000. Clearstead Advisors LLC increased its stake in shares of Nicolet Bankshares by 192.9% in the fourth quarter. Clearstead Advisors LLC now owns 451 shares of the company’s stock valued at $55,000 after buying an additional 297 shares during the period. Parallel Advisors LLC increased its stake in shares of 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 period. Finally, UMB Bank n.a. bought a new position in Nicolet Bankshares in the 4th quarter valued at approximately $102,000. Institutional investors own 43.06% of the company’s stock.

Insider Transactions at Nicolet Bankshares

In other news, EVP Eric Witczak sold 342 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $171.96, for a total value of $58,810.32. Following the transaction, the executive vice president directly owned 33,288 shares of the company’s stock, valued at $5,724,204.48. The trade was a 1.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Atwell sold 2,662 shares of the company’s stock in a transaction dated 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 owned 34,483 shares in the company, valued at approximately $5,870,385.92. The trade was a 7.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 4,219 shares of company stock valued at $715,976. Company insiders own 7.20% of the company’s stock.

Nicolet Bankshares Stock Performance

NYSE:NIC opened at $170.71 on Thursday. The company has a market capitalization of $3.58 billion, a PE ratio of 19.38 and a beta of 0.64. The company has a 50 day simple moving average of $170.64 and a two-hundred day simple moving average of $156.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.90. Nicolet Bankshares Inc. has a fifty-two week low of $114.11 and a fifty-two week high of $180.00.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly 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 net margin of 21.77% and a return on equity of 11.36%. The firm had revenue of $177.75 million for the quarter, compared to the consensus estimate of $171.93 million. Research analysts anticipate that Nicolet Bankshares Inc. will post 12.3 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on NIC shares. Piper Sandler set a $194.00 target price on shares of Nicolet Bankshares in a research report on Wednesday, July 22nd. Weiss Ratings lowered shares of Nicolet Bankshares from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, August 31st. Keefe, Bruyette & Woods boosted their price objective 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 upgraded Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Raymond James Financial assumed coverage on Nicolet Bankshares in a research report on Tuesday, June 23rd. They set a “market perform” rating for the company. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.