AlphaQuest LLC Purchases 2,436 Shares of Nicolet Bankshares, Inc. (NYSE:NIC)

AlphaQuest LLC grew its position in Nicolet Bankshares, Inc. (NYSE:NIC) by 83.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,358 shares of the company’s stock after purchasing an additional 2,436 shares during the quarter. AlphaQuest LLC’s holdings in Nicolet Bankshares were worth $562,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in shares of Nicolet Bankshares in the third quarter valued at approximately $528,000. Barclays PLC raised its position in shares of Nicolet Bankshares by 170.7% in the third quarter. Barclays PLC now owns 23,978 shares of the company’s stock valued at $2,291,000 after purchasing an additional 15,121 shares during the period. State Street Corp raised its position in shares of Nicolet Bankshares by 3.7% in the third quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after purchasing an additional 13,772 shares during the period. JPMorgan Chase & Co. raised its position in shares of Nicolet Bankshares by 111.7% in the third quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock valued at $3,138,000 after purchasing an additional 17,314 shares during the period. Finally, Verus Wealth Management LLC bought a new position in shares of Nicolet Bankshares in the fourth quarter valued at approximately $551,000. Institutional investors own 43.06% of the company’s stock.

Insider Activity

In other news, Director Susan L. Merkatoris sold 1,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $111.27, for a total value of $111,270.00. Following the sale, the director now owns 82,218 shares in the company, valued at approximately $9,148,396.86. The trade was a 1.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Bruce Atwell sold 3,975 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total transaction of $469,368.00. Following the completion of the sale, the director now owns 30,317 shares in the company, valued at $3,579,831.36. This represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,527 shares of company stock worth $996,674. Corporate insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NIC. Piper Sandler raised their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Maxim Group raised their price objective on shares of Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd.

Nicolet Bankshares Stock Up 0.6 %

NIC opened at $110.45 on Thursday. Nicolet Bankshares, Inc. has a fifty-two week low of $75.24 and a fifty-two week high of $121.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s fifty day moving average price is $112.32 and its two-hundred day moving average price is $106.33. The company has a market capitalization of $1.69 billion, a P/E ratio of 13.75 and a beta of 0.76.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. Nicolet Bankshares’s dividend payout ratio is presently 13.95%.

About Nicolet Bankshares

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.