16,887 Shares in Nicolet Bankshares Inc. $NIC Bought by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Nicolet Bankshares Inc. (NYSE:NIC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,887 shares of the company’s stock, valued at approximately $2,048,000. Virtu Financial LLC owned 0.11% of Nicolet Bankshares as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NIC. Mercer Global Advisors Inc. ADV raised its position in shares of Nicolet Bankshares by 4.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,153 shares of the company’s stock worth $989,000 after acquiring an additional 363 shares in the last quarter. Mendon Capital Advisors Corp boosted its position in shares of Nicolet Bankshares by 1.0% during the 4th quarter. Mendon Capital Advisors Corp now owns 20,000 shares of the company’s stock valued at $2,426,000 after purchasing an additional 200 shares in the last quarter. Voloridge Investment Management LLC boosted its position in shares of Nicolet Bankshares by 812.6% during the 4th quarter. Voloridge Investment Management LLC now owns 48,542 shares of the company’s stock valued at $5,888,000 after purchasing an additional 43,223 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in Nicolet Bankshares by 196.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 84,708 shares of the company’s stock worth $10,275,000 after purchasing an additional 56,086 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its stake in Nicolet Bankshares by 80.8% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 11,662 shares of the company’s stock worth $1,415,000 after purchasing an additional 5,213 shares during the period. Institutional investors own 43.06% of the company’s stock.

Nicolet Bankshares Price Performance

Shares of NYSE:NIC opened at $146.82 on Friday. Nicolet Bankshares Inc. has a twelve month low of $114.11 and a twelve month high of $163.11. The stock’s 50 day moving average is $145.66 and its 200-day moving average is $142.57. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 17.21 and a beta of 0.67.

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

Nicolet Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.36 per share. This is an increase from Nicolet Bankshares’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, June 1st. Nicolet Bankshares’s dividend payout ratio is 16.88%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NIC. Piper Sandler dropped their price target on Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Hovde Group reduced 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 report on Thursday, April 23rd. Zacks Research lowered shares of Nicolet Bankshares from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings downgraded shares of Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Nicolet Bankshares has a consensus rating of “Moderate Buy” and an average 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.