Millennium Management LLC Takes $487,000 Position in Nicolet Bankshares (NCBS)

Millennium Management LLC acquired a new position in shares of Nicolet Bankshares (NASDAQ:NCBS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,894 shares of the bank’s stock, valued at approximately $487,000. Millennium Management LLC owned about 0.09% of Nicolet Bankshares at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wells Fargo & Company MN lifted its stake in shares of Nicolet Bankshares by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 36,495 shares of the bank’s stock worth $1,998,000 after purchasing an additional 1,175 shares during the last quarter. North Star Asset Management Inc. lifted its stake in shares of Nicolet Bankshares by 4.2% during the 4th quarter. North Star Asset Management Inc. now owns 37,589 shares of the bank’s stock worth $2,058,000 after purchasing an additional 1,510 shares during the last quarter. Legacy Private Trust Co. lifted its stake in shares of Nicolet Bankshares by 6.1% during the 4th quarter. Legacy Private Trust Co. now owns 29,726 shares of the bank’s stock worth $1,627,000 after purchasing an additional 1,700 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Nicolet Bankshares by 27.2% during the 4th quarter. Two Sigma Investments LP now owns 8,596 shares of the bank’s stock worth $471,000 after purchasing an additional 1,839 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Nicolet Bankshares by 9.9% during the 4th quarter. Bank of New York Mellon Corp now owns 36,856 shares of the bank’s stock worth $2,017,000 after purchasing an additional 3,323 shares during the last quarter. Hedge funds and other institutional investors own 34.39% of the company’s stock.

Shares of Nicolet Bankshares opened at $55.40 on Wednesday, MarketBeat.com reports. Nicolet Bankshares has a 1 year low of $55.60 and a 1 year high of $55.60. The stock has a market cap of $535.59 million, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 2.16 and a beta of 0.97. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21.

Nicolet Bankshares (NASDAQ:NCBS) last announced its earnings results on Tuesday, April 17th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.14. Nicolet Bankshares had a return on equity of 10.37% and a net margin of 24.09%. The company had revenue of $35.70 million for the quarter, compared to analyst estimates of $34.10 million. research analysts expect that Nicolet Bankshares will post 3.67 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on NCBS shares. BidaskClub cut Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Zacks Investment Research raised Nicolet Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Sandler O’Neill reaffirmed a “hold” rating on shares of Nicolet Bankshares in a research report on Tuesday, March 27th. Hovde Group started coverage on Nicolet Bankshares in a research report on Tuesday, April 24th. They set a “market perform” rating and a $62.00 target price on the stock. Finally, Keefe, Bruyette & Woods started coverage on Nicolet Bankshares in a research report on Wednesday, April 11th. They set a “market perform” rating and a $56.00 target price on the stock. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.25.

In other news, Chairman Robert Bruce Atwell sold 5,632 shares of the stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $55.16, for a total value of $310,661.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Patrick Joseph Madson sold 2,200 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $55.84, for a total value of $122,848.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,510 shares of company stock worth $526,846 over the last ninety days. 16.40% of the stock is currently owned by corporate insiders.

Nicolet Bankshares Profile

Nicolet Bankshares, Inc operates as the holding company for Nicolet National Bank that provides commercial and retail banking services for businesses and individuals. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.

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Institutional Ownership by Quarter for Nicolet Bankshares (NASDAQ:NCBS)

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