Meeder Asset Management Inc. Grows Stake in Nicolet Bankshares Inc (NASDAQ:NCBS)

Meeder Asset Management Inc. raised its stake in Nicolet Bankshares Inc (NASDAQ:NCBS) by 87.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,170 shares of the bank’s stock after acquiring an additional 1,480 shares during the quarter. Meeder Asset Management Inc.’s holdings in Nicolet Bankshares were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of Nicolet Bankshares by 7.8% in the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 6,929 shares of the bank’s stock valued at $430,000 after purchasing an additional 500 shares during the period. Swiss National Bank raised its position in shares of Nicolet Bankshares by 1.9% in the second quarter. Swiss National Bank now owns 15,900 shares of the bank’s stock valued at $987,000 after purchasing an additional 300 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of Nicolet Bankshares in the second quarter valued at approximately $398,000. BlackRock Inc. raised its position in shares of Nicolet Bankshares by 17.5% in the second quarter. BlackRock Inc. now owns 524,817 shares of the bank’s stock valued at $32,570,000 after purchasing an additional 78,219 shares during the period. Finally, Invesco Ltd. raised its position in shares of Nicolet Bankshares by 56.5% in the second quarter. Invesco Ltd. now owns 26,452 shares of the bank’s stock valued at $1,642,000 after purchasing an additional 9,550 shares during the period. 36.81% of the stock is currently owned by institutional investors.

NASDAQ NCBS opened at $69.54 on Wednesday. The company’s 50 day moving average is $66.70 and its 200-day moving average is $63.00. Nicolet Bankshares Inc has a 12-month low of $46.02 and a 12-month high of $70.19. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. The firm has a market cap of $651.02 million, a P/E ratio of 16.88 and a beta of 0.85.

Nicolet Bankshares (NASDAQ:NCBS) last posted its earnings results on Tuesday, October 15th. The bank reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.22. The business had revenue of $41.50 million for the quarter. Nicolet Bankshares had a net margin of 28.83% and a return on equity of 11.96%. Equities analysts expect that Nicolet Bankshares Inc will post 5.48 EPS for the current year.

Several research firms have recently issued reports on NCBS. BidaskClub raised shares of Nicolet Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Zacks Investment Research raised shares of Nicolet Bankshares from a “strong sell” rating to a “hold” rating and set a $77.00 price target on the stock in a research report on Thursday, October 17th. DA Davidson boosted their price target on shares of Nicolet Bankshares from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. ValuEngine lowered shares of Nicolet Bankshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, Maxim Group reissued a “buy” rating and issued a $71.00 price target on shares of Nicolet Bankshares in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Nicolet Bankshares has a consensus rating of “Hold” and an average price target of $71.67.

In related news, EVP Eric James Witczak sold 3,712 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $66.37, for a total transaction of $246,365.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael E. Daniels sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $68.15, for a total transaction of $340,750.00. Corporate insiders own 17.40% of the company’s stock.

Nicolet Bankshares Profile

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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