Virtu Financial LLC Purchases New Holdings in Nicolet Bankshares, Inc. (NYSE:NIC)

Virtu Financial LLC acquired a new position in shares of Nicolet Bankshares, Inc. (NYSE:NIC) in the third quarter, Holdings Channel reports. The fund acquired 2,763 shares of the company’s stock, valued at approximately $264,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NIC. Bank of New York Mellon Corp lifted its holdings in shares of Nicolet Bankshares by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 65,982 shares of the company’s stock worth $5,479,000 after purchasing an additional 4,007 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Nicolet Bankshares by 9.9% in the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock worth $512,000 after acquiring an additional 555 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Nicolet Bankshares in the 2nd quarter worth $67,000. Anchor Capital Advisors LLC boosted its holdings in shares of Nicolet Bankshares by 7.1% in the second quarter. Anchor Capital Advisors LLC now owns 23,496 shares of the company’s stock valued at $1,951,000 after acquiring an additional 1,560 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Nicolet Bankshares by 11.0% during the second quarter. American Century Companies Inc. now owns 24,804 shares of the company’s stock worth $2,060,000 after acquiring an additional 2,468 shares during the period. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Nicolet Bankshares from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Maxim Group upped their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $112.00.

Insider Transactions at Nicolet Bankshares

In other news, EVP Brad Vincent Hutjens sold 1,079 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $102.85, for a total transaction of $110,975.15. Following the completion of the sale, the executive vice president now directly owns 26,674 shares in the company, valued at $2,743,420.90. This represents a 3.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $101.01, for a total value of $252,525.00. Following the completion of the transaction, the director now owns 33,315 shares in the company, valued at $3,365,148.15. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,507 shares of company stock worth $9,626,332 in the last three months. Company insiders own 16.40% of the company’s stock.

Nicolet Bankshares Stock Performance

Shares of NIC opened at $111.65 on Wednesday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.20 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares, Inc. has a 1 year low of $73.00 and a 1 year high of $116.17. The company’s 50 day simple moving average is $107.46 and its 200 day simple moving average is $96.21.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.13. The business had revenue of $91.24 million for the quarter, compared to analysts’ expectations of $86.50 million. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. On average, sell-side analysts predict that Nicolet Bankshares, Inc. will post 7.61 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Nicolet Bankshares Profile

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