Nicolet Bankshares Inc. $NIC Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. lowered its holdings in Nicolet Bankshares Inc. (NYSE:NIC) by 72.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,500 shares of the company’s stock after selling 4,000 shares during the period. KLCM Advisors Inc.’s holdings in Nicolet Bankshares were worth $223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PDT Partners LLC grew its position in Nicolet Bankshares by 1.8% in the second quarter. PDT Partners LLC now owns 5,572 shares of the company’s stock worth $688,000 after buying an additional 100 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Nicolet Bankshares by 4.9% during the 4th quarter. ProShare Advisors LLC now owns 2,424 shares of the company’s stock worth $294,000 after acquiring an additional 113 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Nicolet Bankshares by 4.6% in the 4th quarter. LPL Financial LLC now owns 2,836 shares of the company’s stock worth $344,000 after acquiring an additional 126 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Nicolet Bankshares by 0.6% in the 4th quarter. Bank of Montreal Can now owns 23,181 shares of the company’s stock worth $2,829,000 after acquiring an additional 147 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 197 shares during the period. 43.06% of the stock is currently owned by institutional investors.

Nicolet Bankshares Stock Up 0.5%

Shares of NIC traded up $0.77 during mid-day trading on Friday, reaching $163.95. The company’s stock had a trading volume of 271,634 shares, compared to its average volume of 438,187. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 19.22 and a beta of 0.65. The business has a fifty day moving average of $148.68 and a 200 day moving average of $146.00. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08. Nicolet Bankshares Inc. has a 1 year low of $114.11 and a 1 year high of $170.82.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.23). The business had revenue of $134.85 million for the quarter, compared to analysts’ expectations of $129.74 million. Nicolet Bankshares had a net margin of 21.89% and a return on equity of 11.48%. As a group, analysts forecast that Nicolet Bankshares Inc. will post 11.75 earnings per share for the current fiscal year.

Nicolet Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.36 per share. This is a boost from Nicolet Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.44 annualized dividend and a yield of 0.9%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 16.88%.

Analyst Ratings Changes

A number of research firms recently weighed in on NIC. Hovde Group decreased their price target on Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Zacks Research raised Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Piper Sandler cut their price objective on Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Raymond James Financial started coverage on shares of Nicolet Bankshares in a research note on Tuesday, June 23rd. They set a “market perform” rating for the company. Finally, Weiss Ratings cut shares of Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Five 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.50.

Nicolet Bankshares Company 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.