Associated Banc Corp Maintains Stake in Nicolet Bankshares Inc. (NCBS)

Associated Banc Corp held its position in Nicolet Bankshares Inc. (NASDAQ:NCBS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,100 shares of the bank’s stock at the end of the 2nd quarter. Associated Banc Corp owned approximately 0.12% of Nicolet Bankshares worth $553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of Nicolet Bankshares by 10.1% during the second quarter. Legal & General Group Plc now owns 2,321 shares of the bank’s stock worth $127,000 after buying an additional 212 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Nicolet Bankshares during the second quarter worth approximately $170,000. Bessemer Group Inc. bought a new stake in shares of Nicolet Bankshares during the second quarter worth approximately $241,000. Spark Investment Management LLC bought a new stake in shares of Nicolet Bankshares during the second quarter worth approximately $273,000. Finally, Schaper Benz & Wise Investment Counsel Inc. WI bought a new stake in shares of Nicolet Bankshares during the second quarter worth approximately $352,000. 35.28% of the stock is owned by institutional investors and hedge funds.

Shares of Nicolet Bankshares Inc. (NCBS) opened at 54.64 on Friday. Nicolet Bankshares Inc. has a 1-year low of $36.77 and a 1-year high of $56.72. The company has a market capitalization of $538.86 million, a P/E ratio of 18.81 and a beta of 1.83. The company’s 50 day moving average is $53.75 and its 200-day moving average is $51.26.

Nicolet Bankshares (NASDAQ:NCBS) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The business had revenue of $32.84 million during the quarter. Nicolet Bankshares had a net margin of 21.55% and a return on equity of 9.09%. On average, equities research analysts forecast that Nicolet Bankshares Inc. will post $3.18 EPS for the current year.

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Separately, ValuEngine raised shares of Nicolet Bankshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

In related news, Chairman Robert Bruce Atwell sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $53.52, for a total value of $267,600.00. Following the completion of the transaction, the chairman now owns 47,969 shares in the company, valued at approximately $2,567,300.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 13.90% of the stock is owned by company insiders.

Nicolet Bankshares 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.

Institutional Ownership by Quarter for Nicolet Bankshares (NASDAQ:NCBS)

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