The Manufacturers Life Insurance Company Acquires 188,712 Shares of Nicolet Bankshares Inc (NCBS)

The Manufacturers Life Insurance Company boosted its holdings in Nicolet Bankshares Inc (NASDAQ:NCBS) by 2,869.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,289 shares of the bank’s stock after buying an additional 188,712 shares during the period. The Manufacturers Life Insurance Company’s holdings in Nicolet Bankshares were worth $10,755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Nicolet Bankshares by 3.2% in the 4th quarter. BlackRock Inc. now owns 450,127 shares of the bank’s stock valued at $24,640,000 after purchasing an additional 14,039 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Nicolet Bankshares by 38.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 110,025 shares of the bank’s stock valued at $6,059,000 after purchasing an additional 30,818 shares during the period. Renaissance Technologies LLC boosted its holdings in Nicolet Bankshares by 10.9% in the 4th quarter. Renaissance Technologies LLC now owns 64,315 shares of the bank’s stock valued at $3,521,000 after purchasing an additional 6,315 shares during the period. Geode Capital Management LLC boosted its holdings in Nicolet Bankshares by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 64,095 shares of the bank’s stock valued at $3,508,000 after purchasing an additional 4,540 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Nicolet Bankshares by 9.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 38,681 shares of the bank’s stock valued at $2,131,000 after purchasing an additional 3,253 shares during the period. Institutional investors and hedge funds own 34.27% of the company’s stock.

In other news, Chairman Robert Bruce Atwell sold 5,632 shares of Nicolet Bankshares stock in a transaction on Monday, May 14th. The shares were sold at an average price of $55.16, for a total transaction of $310,661.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas L. Herlache sold 820 shares of Nicolet Bankshares stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $55.23, for a total transaction of $45,288.60. The disclosure for this sale can be found here. Insiders have sold a total of 8,393 shares of company stock valued at $466,162 over the last ninety days. 16.40% of the stock is currently owned by insiders.

Shares of Nicolet Bankshares opened at $56.20 on Thursday, MarketBeat reports. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.21. Nicolet Bankshares Inc has a one year low of $51.21 and a one year high of $61.98. The firm has a market capitalization of $556.91 million, a price-to-earnings ratio of 15.82, a PEG ratio of 2.25 and a beta of 0.96.

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

Several research analysts have commented on the stock. BidaskClub raised shares of Nicolet Bankshares from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine downgraded shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Hovde Group assumed coverage on shares of Nicolet Bankshares in a report on Tuesday, April 24th. They issued a “market perform” rating and a $62.00 price target for the company. Zacks Investment Research downgraded shares of Nicolet Bankshares from a “buy” rating to a “hold” rating in a report on Saturday, June 16th. Finally, Sandler O’Neill reissued a “hold” rating on shares of Nicolet Bankshares in a report on Tuesday, March 27th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $61.25.

Nicolet Bankshares Company 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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