Parr Mcknight Wealth Management Group LLC Takes $889,000 Position in Nicolet Bankshares Inc. $NIC

16 Aug 2026, 10:17 by Danessa Lincoln · The Markets Daily

Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Nicolet Bankshares Inc. (NYSE:NIC – Free Report) in the 2nd quarter, Holdings Channel reports. The fund purchased 5,376 shares of the company’s stock, valued at approximately $889,000.

A number of other large investors have also modified their holdings of the company. Fifth Third Bancorp lifted its position in Nicolet Bankshares by 2,979.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,096 shares of the company’s stock valued at $678,000 after purchasing an additional 3,963 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Nicolet Bankshares by 344.3% during the 2nd quarter. Principal Financial Group Inc. now owns 124,379 shares of the company’s stock valued at $20,571,000 after purchasing an additional 96,387 shares during the period. Handelsbanken Fonder AB bought a new position in Nicolet Bankshares in the 2nd quarter worth about $728,000. Parallel Advisors LLC grew its position in Nicolet Bankshares by 151.9% in the 1st quarter. Parallel Advisors LLC now owns 607 shares of the company’s stock worth $90,000 after purchasing an additional 366 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Nicolet Bankshares by 109.8% in the first quarter. Bank of America Corp DE now owns 31,420 shares of the company’s stock valued at $4,670,000 after purchasing an additional 16,446 shares during the period. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Stock Performance

Shares of NIC opened at $178.94 on Friday. The firm has a 50-day moving average price of $163.69 and a 200 day moving average price of $153.58. The firm has a market capitalization of $3.75 billion, a PE ratio of 20.31 and a beta of 0.65. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. Nicolet Bankshares Inc. has a 52-week low of $114.11 and a 52-week high of $180.00.

Nicolet Bankshares (NYSE:NIC – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.14. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. The company had revenue of $177.75 million for the quarter, compared to the consensus estimate of $171.93 million. On average, sell-side analysts anticipate that Nicolet Bankshares Inc. will post 12.3 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.36 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 0.8%. Nicolet Bankshares’s dividend payout ratio (DPR) is 16.35%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NIC. Raymond James Financial initiated coverage on Nicolet Bankshares in a report on Tuesday, June 23rd. They set a “market perform” rating on the stock. Zacks Research raised Nicolet Bankshares from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Piper Sandler set a $194.00 target price on Nicolet Bankshares in a research report on Wednesday, July 22nd. Hovde Group cut their target price on Nicolet Bankshares from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings raised Nicolet Bankshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Check Out Our Latest Report on Nicolet Bankshares

Insider Buying and Selling

In related news, Director Robert Bruce Atwell sold 2,662 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $170.24, for a total transaction of $453,178.88. Following the transaction, the director owned 34,483 shares in the company, valued at $5,870,385.92. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric James Witczak sold 1,215 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $167.89, for a total value of $203,986.35. Following the sale, the executive vice president directly owned 33,630 shares in the company, valued at approximately $5,646,140.70. The trade was a 3.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,219 shares of company stock worth $715,976 in the last quarter. Company insiders own 7.20% of the company’s stock.

About Nicolet Bankshares

(Free Report)

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its subsidiary, Nicolet National Bank, it provides a range of commercial and consumer banking services to businesses, individuals and nonprofit organizations across northeastern Wisconsin and the Upper Peninsula of Michigan. The company’s branch network, digital banking platform and commercial lending centers support its focus on community banking and regional growth.

The company offers deposit products such as checking, savings and money market accounts, alongside consumer and commercial lending solutions.