Nicolet Bankshares Inc. (NCBS) Shares Bought by State Street Corp
State Street Corp boosted its stake in Nicolet Bankshares Inc. (NASDAQ:NCBS) by 18.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,922 shares of the bank’s stock after acquiring an additional 21,747 shares during the period. State Street Corp owned about 1.41% of Nicolet Bankshares worth $7,599,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Systematic Financial Management LP increased its holdings in Nicolet Bankshares by 63.3% in the 2nd quarter. Systematic Financial Management LP now owns 58,020 shares of the bank’s stock valued at $3,174,000 after buying an additional 22,485 shares during the period. New York State Common Retirement Fund increased its stake in Nicolet Bankshares by 54.7% during the 2nd quarter. New York State Common Retirement Fund now owns 59,210 shares of the bank’s stock worth $3,239,000 after purchasing an additional 20,944 shares in the last quarter. Wells Fargo & Company MN increased its stake in Nicolet Bankshares by 134.1% during the 2nd quarter. Wells Fargo & Company MN now owns 25,906 shares of the bank’s stock worth $1,418,000 after purchasing an additional 14,838 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Nicolet Bankshares by 24.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 25,816 shares of the bank’s stock worth $1,413,000 after acquiring an additional 5,014 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Nicolet Bankshares by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 277,358 shares of the bank’s stock worth $15,174,000 after acquiring an additional 21,826 shares in the last quarter. 35.36% of the stock is owned by hedge funds and other institutional investors.
Separately, Maxim Group raised their price target on shares of Nicolet Bankshares from $59.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th.
Shares of Nicolet Bankshares Inc. (NASDAQ:NCBS) opened at $57.95 on Friday. The company has a market capitalization of $576.53, a price-to-earnings ratio of 18.91 and a beta of 1.77. Nicolet Bankshares Inc. has a fifty-two week low of $43.00 and a fifty-two week high of $61.98. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.08.
Nicolet Bankshares (NASDAQ:NCBS) last issued its earnings results on Tuesday, October 17th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.10. The company had revenue of $35.25 million during the quarter. Nicolet Bankshares had a return on equity of 9.45% and a net margin of 22.63%.
In other Nicolet Bankshares news, Chairman Robert Bruce Atwell sold 19,639 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were 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 is accessible through the SEC website. Also, Director Michael J. Gilson sold 2,286 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $58.00, for a total transaction of $132,588.00. The disclosure for this sale can be found here. Insiders have sold a total of 46,164 shares of company stock worth $2,608,624 over the last 90 days. Insiders own 13.90% of the company’s stock.
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Nicolet Bankshares Company Profile
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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