Deutsche Bank AG Has $3.48 Million Stock Position in Nicolet Bankshares Inc. $NIC

Deutsche Bank AG boosted its holdings in shares of Nicolet Bankshares Inc. (NYSE:NIC) by 26.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,049 shares of the company’s stock after buying an additional 4,442 shares during the period. Deutsche Bank AG’s holdings in Nicolet Bankshares were worth $3,481,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Nicolet Bankshares by 150.8% in the first quarter. Royal Bank of Canada now owns 13,987 shares of the company’s stock valued at $1,524,000 after purchasing an additional 8,410 shares during the period. AQR Capital Management LLC grew its stake in Nicolet Bankshares by 15.2% in the 1st quarter. AQR Capital Management LLC now owns 11,819 shares of the company’s stock valued at $1,288,000 after buying an additional 1,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Nicolet Bankshares by 6.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,134 shares of the company’s stock worth $886,000 after acquiring an additional 517 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Nicolet Bankshares by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,778 shares of the company’s stock worth $3,245,000 after acquiring an additional 1,922 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Nicolet Bankshares by 3,940.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 202 shares of the company’s stock worth $25,000 after acquiring an additional 197 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NIC has been the subject of several research analyst reports. Raymond James Financial started coverage on Nicolet Bankshares in a research report on Tuesday, June 23rd. They set a “market perform” rating for the company. Weiss Ratings raised Nicolet Bankshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, August 17th. Zacks Research upgraded Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Piper Sandler set a $194.00 price target on Nicolet Bankshares in a report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on Nicolet Bankshares from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.00.

Insider Buying and Selling

In related news, Director Robert Bruce Atwell sold 2,662 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $170.24, for a total transaction of $453,178.88. Following the completion of the sale, the director directly owned 34,483 shares of the company’s stock, valued at $5,870,385.92. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Eric James Witczak sold 1,215 shares of Nicolet Bankshares stock in a transaction on Monday, July 27th. The shares were sold at an average price of $167.89, for a total value of $203,986.35. Following the completion of the transaction, the executive vice president owned 33,630 shares of the company’s stock, valued at approximately $5,646,140.70. The trade was a 3.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,219 shares of company stock valued at $715,976 in the last quarter. 7.20% of the stock is currently owned by corporate insiders.

Nicolet Bankshares Stock Down 0.3%

NIC opened at $170.65 on Thursday. The company has a market capitalization of $3.58 billion, a P/E ratio of 19.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s fifty day moving average price is $167.99 and its two-hundred day moving average price is $155.15. Nicolet Bankshares Inc. has a fifty-two week low of $114.11 and a fifty-two week high of $180.00.

Nicolet Bankshares (NYSE:NIC) last posted its earnings results on Tuesday, July 21st. The company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.14. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. The business had revenue of $177.75 million for the quarter, compared to analysts’ expectations of $171.93 million. On average, analysts anticipate that Nicolet Bankshares Inc. will post 12.3 EPS for the current year.

Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 0.8%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 16.35%.

Nicolet Bankshares Profile

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.