Rhumbline Advisers Has $579,000 Position in Nicolet Bankshares Inc (NCBS)

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Rhumbline Advisers increased its position in shares of Nicolet Bankshares Inc (NASDAQ:NCBS) by 43.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,865 shares of the bank’s stock after acquiring an additional 3,573 shares during the period. Rhumbline Advisers owned approximately 0.12% of Nicolet Bankshares worth $579,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MetLife Investment Advisors LLC increased its holdings in Nicolet Bankshares by 49.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 6,610 shares of the bank’s stock worth $360,000 after acquiring an additional 2,200 shares during the period. Systematic Financial Management LP increased its holdings in Nicolet Bankshares by 35.4% during the 3rd quarter. Systematic Financial Management LP now owns 10,785 shares of the bank’s stock worth $588,000 after acquiring an additional 2,820 shares during the period. Bank of America Corp DE increased its holdings in shares of Nicolet Bankshares by 135.7% in the 2nd quarter. Bank of America Corp DE now owns 10,929 shares of the bank’s stock worth $602,000 after buying an additional 6,293 shares during the last quarter. Federated Investors Inc. PA increased its holdings in shares of Nicolet Bankshares by 1.1% in the 3rd quarter. Federated Investors Inc. PA now owns 20,592 shares of the bank’s stock worth $1,122,000 after buying an additional 223 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Nicolet Bankshares by 18.0% in the 3rd quarter. First Trust Advisors LP now owns 25,378 shares of the bank’s stock worth $1,383,000 after buying an additional 3,878 shares during the last quarter. 35.39% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Michael Joseph Steppe sold 2,888 shares of the company’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $55.71, for a total value of $160,890.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert Bruce Atwell sold 6,688 shares of the company’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $55.36, for a total transaction of $370,247.68. The disclosure for this sale can be found here. Insiders sold a total of 19,576 shares of company stock valued at $1,063,438 in the last ninety days. 16.40% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on NCBS. BidaskClub raised shares of Nicolet Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Zacks Investment Research raised shares of Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Saturday, January 19th. Finally, ValuEngine raised shares of Nicolet Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $59.33.

Shares of NASDAQ:NCBS opened at $58.11 on Tuesday. Nicolet Bankshares Inc has a one year low of $46.02 and a one year high of $58.60. The firm has a market capitalization of $550.38 million, a PE ratio of 14.10, a P/E/G ratio of 1.90 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.93 and a current ratio of 0.93.

Nicolet Bankshares (NASDAQ:NCBS) last announced its quarterly earnings data on Wednesday, January 16th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.14. Nicolet Bankshares had a net margin of 24.86% and a return on equity of 10.93%. The company had revenue of $36.83 million during the quarter, compared to analysts’ expectations of $36.00 million. Research analysts expect that Nicolet Bankshares Inc will post 4.34 EPS for the current fiscal year.

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About Nicolet Bankshares

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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