Vanguard Group Inc. grew its stake in shares of Nicolet Bankshares Inc (NASDAQ:NCBS) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 277,358 shares of the bank’s stock after purchasing an additional 21,826 shares during the quarter. Vanguard Group Inc. owned approximately 3.22% of Nicolet Bankshares worth $15,174,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in NCBS. Legal & General Group Plc raised its holdings in Nicolet Bankshares by 10.1% in the second quarter. Legal & General Group Plc now owns 2,321 shares of the bank’s stock worth $127,000 after purchasing an additional 212 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Nicolet Bankshares by 12.6% in the second quarter. Nationwide Fund Advisors now owns 5,035 shares of the bank’s stock worth $275,000 after purchasing an additional 563 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Nicolet Bankshares by 21.6% during the second quarter. Rhumbline Advisers now owns 9,991 shares of the bank’s stock valued at $547,000 after acquiring an additional 1,775 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Nicolet Bankshares by 22.5% during the second quarter. Teachers Advisors LLC now owns 15,945 shares of the bank’s stock valued at $872,000 after acquiring an additional 2,926 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Nicolet Bankshares during the second quarter valued at about $170,000. Hedge funds and other institutional investors own 35.42% of the company’s stock.
Several research firms have recently issued reports on NCBS. ValuEngine downgraded shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a report on Friday. Maxim Group upped their target price on Nicolet Bankshares from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 19th.
Shares of Nicolet Bankshares Inc (NCBS) traded up $0.23 during midday trading on Monday, reaching $58.73. The company had a trading volume of 36,508 shares, compared to its average volume of 20,499. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.08. Nicolet Bankshares Inc has a 52-week low of $43.25 and a 52-week high of $61.98. The stock has a market capitalization of $573.39, a price-to-earnings ratio of 18.81 and a beta of 1.70.
Nicolet Bankshares (NASDAQ:NCBS) last released its quarterly earnings data on Tuesday, October 17th. The bank reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.10. Nicolet Bankshares had a return on equity of 9.45% and a net margin of 22.63%. The business had revenue of $35.25 million for the quarter.
In related news, Chairman Robert Bruce Atwell sold 19,639 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $56.43, for a total value of $1,108,228.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Gilson sold 2,286 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $58.00, for a total value of $132,588.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,164 shares of company stock valued at $2,608,624. Corporate insiders own 13.90% of the company’s stock.
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About Nicolet Bankshares
Nicolet Bankshares, Inc is a bank holding company. The Company conducts operations through its subsidiary, Nicolet National Bank (the Bank), which is a commercial bank. The Company also owns investment advisory firms, Brookfield Investment Partners, LLC, which provides investment strategy and transactional services to select community banks, and Nicolet Advisory Services, LLC, which conducts brokerage and financial advisory services primarily to individual consumers.
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