Swiss National Bank Boosts Holdings in Nicolet Bankshares Inc (NASDAQ:NCBS)

Swiss National Bank grew its stake in Nicolet Bankshares Inc (NASDAQ:NCBS) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,900 shares of the bank’s stock after purchasing an additional 300 shares during the quarter. Swiss National Bank’s holdings in Nicolet Bankshares were worth $987,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aperio Group LLC purchased a new stake in shares of Nicolet Bankshares during the second quarter worth about $49,000. BNP Paribas Arbitrage SA lifted its stake in Nicolet Bankshares by 413.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,633 shares of the bank’s stock valued at $97,000 after buying an additional 1,315 shares in the last quarter. SG Americas Securities LLC purchased a new position in Nicolet Bankshares in the 1st quarter valued at about $121,000. Bank of America Corp DE boosted its holdings in Nicolet Bankshares by 80.0% in the 4th quarter. Bank of America Corp DE now owns 6,175 shares of the bank’s stock worth $302,000 after buying an additional 2,745 shares during the last quarter. Finally, Associated Banc Corp raised its holdings in shares of Nicolet Bankshares by 29.4% during the first quarter. Associated Banc Corp now owns 6,600 shares of the bank’s stock valued at $393,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Shares of NCBS traded up $0.35 during mid-day trading on Wednesday, reaching $67.10. The stock had a trading volume of 1,508 shares, compared to its average volume of 23,706. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.93. Nicolet Bankshares Inc has a 52-week low of $46.02 and a 52-week high of $67.83. The business’s fifty day moving average is $63.77 and its 200 day moving average is $61.03. The firm has a market cap of $620.17 million, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.81 and a beta of 0.85.

Nicolet Bankshares (NASDAQ:NCBS) last issued its quarterly earnings data on Tuesday, July 16th. The bank reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.27. The company had revenue of $47.50 million during the quarter, compared to analyst estimates of $37.90 million. Nicolet Bankshares had a return on equity of 11.45% and a net margin of 28.06%. As a group, sell-side analysts anticipate that Nicolet Bankshares Inc will post 5.24 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on NCBS shares. BidaskClub lowered shares of Nicolet Bankshares from a “hold” rating to a “sell” rating in a report on Saturday, August 24th. Zacks Investment Research upgraded Nicolet Bankshares from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Thursday, July 25th. Maxim Group reissued a “buy” rating and set a $71.00 price objective on shares of Nicolet Bankshares in a research note on Thursday, July 18th. Finally, ValuEngine lowered Nicolet Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

In other Nicolet Bankshares news, EVP Eric James Witczak sold 3,712 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $66.37, for a total value of $246,365.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Michael Joseph Vogel sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $63.31, for a total value of $94,965.00. The disclosure for this sale can be found here. 17.40% of the stock is owned by company insiders.

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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