Nicolet Bankshares (NIC)

Nicolet Advisory Services, LLC • Nicolet Insurance Services, LLC • Nicolet Investments, Inc. • Nicolet Joint Ventures, LLC • Nicolet Financial Group, LLC • NNB Properties, LLC • 1st Source Solar 8, LLC ...

SEC advisor number

801-108012

FINRA CRD number

283940

AUM ?

$2.93 bn (as of 14 Apr 23)

Accounts

10,191 (as of 14 Apr 23)

Employees

58 (32 investment advisory or research)

Address

Nicolet Bankshares
111 N WASHINGTON ST
GREEN BAY
WI 54301

Office hours

Monday - Friday, 8:00 AM - 5:00 PM

Phone

920 430 1400

Brochures

NIC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$122.00

Low target

$115.00

High target

$131.00

Keefe, Bruyette & Woods

Ownership

Owner	Title	From	%Ownership
Nicolet Bankshares, Inc.	Sole Member	03/2016	> 75%
Madson, Patrick, Joseph	President	03/2016	< 5%
Bobinski, Jill, Elizabeth	Chief Operations Officer	01/2020	< 5%
Longlais, Adam, E	Chief Investment Officer	01/2020	< 5%
Hufford, Joshua, M	Chief Compliance Officer	01/2022	< 5%
Moore, H., Phillip	Chief Financial Officer	05/2021	< 5%

Latest filings (excl ownership)

View all

8-K

Nicolet Bankshares, Inc. Announces 2024 Results

21 Jan 25

8-K

Nicolet Bankshares, Inc. Declares Cash Dividend to Shareholders

1 Nov 24

Nicolet Bankshares, Inc. Announces Third Quarter 2024 Results

15 Oct 24

N-PX

Annual report of proxy voting record

21 Aug 24

8-K

Nicolet Bankshares, Inc. Declares Cash Dividend to Shareholders

5 Aug 24

Nicolet Bankshares, Inc. Announces Second Quarter 2024 Results

16 Jul 24

8-K

Nicolet Bankshares, Inc. Declares Cash Dividend to Shareholders

8 May 24

Latest ownership filings

View all

Notice of proposed sale of securities

28 Jan 25

144

Notice of proposed sale of securities

Christopher J. Ghidorzi

23 Jan 25

Financial summary

Financial statements Chart NIC financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	427.98 mm	427.98 mm	427.98 mm	427.98 mm	427.98 mm	427.98 mm
Cash burn (monthly)	(no burn)	9.82 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	41.83 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	386.15 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	39.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

NIC institutional ownership history Ownership history

45.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	136	116	+17.2%
Opened positions	30	11	+172.7%
Closed positions	10	13	-23.1%
Increased positions	38	40	-5.0%
Reduced positions	39	40	-2.5%

13F shares	Current	Prev Q	Change
Total value	567.24 bn	479.53 bn	+18.3%
Total shares	6.88 mm	6.70 mm	+2.7%
Total puts	2.90 k	700.00	+314.3%
Total calls	4.40 k	1.20 k	+266.7%
Total put/call ratio	0.7	0.6	+13.0%

Largest owners	Shares	Value	Change
BlackRock	1.08 mm	$102.81 bn	NEW
NIC Nicolet Bankshares	869.75 k	$83.17 mm	-1.7%
Vanguard	739.10 k	$70.68 bn	+2.6%
Dimensional Fund Advisors	619.92 k	$59.28 bn	+5.5%
FMR	589.77 k	$56.40 bn	+0.5%
STT State Street	381.76 k	$36.51 bn	+3.7%
Alliancebernstein	352.50 k	$33.71 bn	+5.9%
Geode Capital Management	303.39 k	$29.02 bn	+1.6%
Manufacturers Life Insurance Company, The	234.98 k	$22.47 bn	-2.5%
JHG Janus Henderson	171.52 k	$16.40 bn	-27.1%

Largest transactions	Shares	Bought/sold	Change
BlackRock	1.08 mm	+1.08 mm	NEW
BLK BlackRock	0.00	-1.02 mm	EXIT
JHG Janus Henderson	171.52 k	-63.82 k	-27.1%
Bridgeway Capital Management	0.00	-54.37 k	EXIT
Oberweis Asset Management	46.40 k	+46.40 k	NEW
Empowered Funds	0.00	-36.20 k	EXIT
Dimensional Fund Advisors	619.92 k	+32.43 k	+5.5%
MS Morgan Stanley	53.84 k	+28.17 k	+109.7%
GS The Goldman Sachs Group, Inc.	79.57 k	+23.93 k	+43.0%
Millennium Management	21.32 k	+21.32 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NIC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
29 Jan 25	Robert Bruce Atwell	Common Stock	Sell	Dispose S	Yes	No	110.05	150	16.51 k	0
27 Jan 25	Susan L Merkatoris	Common Stock	Sell	Dispose S	No	No	111.27	1,000	111.27 k	82,218
21 Jan 25	Dykema John Nicholas	Common Stock	Grant	Acquire A	Yes	No	107.86	18.508	2.00 k	9,181.571
21 Jan 25	Marcia M Anderson	Common Stock	Grant	Acquire A	Yes	No	107.86	4.627	499.07	290.026
21 Jan 25	Robert Bruce Atwell	Common Stock	Grant	Acquire A	Yes	No	107.86	27.762	2.99 k	296.782