Nicolet Bankshares Inc. $NIC Shares Bought by FJ Capital Management LLC

FJ Capital Management LLC grew its position in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 29.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,421 shares of the company’s stock after acquiring an additional 4,668 shares during the quarter. FJ Capital Management LLC owned about 0.14% of Nicolet Bankshares worth $2,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PDT Partners LLC increased its stake in Nicolet Bankshares by 1.8% during the second quarter. PDT Partners LLC now owns 5,572 shares of the company’s stock worth $688,000 after acquiring an additional 100 shares during the last quarter. ProShare Advisors LLC increased its stake in Nicolet Bankshares by 4.9% during the fourth quarter. ProShare Advisors LLC now owns 2,424 shares of the company’s stock worth $294,000 after acquiring an additional 113 shares during the last quarter. LPL Financial LLC increased its stake in Nicolet Bankshares by 4.6% during the fourth 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. EverSource Wealth Advisors LLC increased its stake in Nicolet Bankshares by 71.8% during the third quarter. EverSource Wealth Advisors LLC now owns 347 shares of the company’s stock worth $47,000 after acquiring an additional 145 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Nicolet Bankshares by 0.6% during the fourth 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. 43.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on NIC. Weiss Ratings lowered Nicolet Bankshares from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Piper Sandler dropped their price target on Nicolet Bankshares from $185.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Zacks Research lowered Nicolet Bankshares from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Finally, Hovde Group lowered their target price on Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.50.

Nicolet Bankshares Price Performance

NIC stock opened at $148.92 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 0.91. Nicolet Bankshares Inc. has a 1 year low of $114.11 and a 1 year high of $163.11. The firm has a market cap of $3.16 billion, a P/E ratio of 17.46 and a beta of 0.67. The stock has a 50-day simple moving average of $146.03 and a 200-day simple moving average of $141.85.

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

Nicolet Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.36 dividend. 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 yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 16.88%.

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.