Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens Sells 4,560 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $102.85, for a total value of $468,996.00. Following the transaction, the executive vice president now owns 26,674 shares of the company’s stock, valued at $2,743,420.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Brad Vincent Hutjens also recently made the following trade(s):

• On Friday, October 25th, Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total value of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.85, for a total value of $20,370.00.

Nicolet Bankshares Trading Up 0.2 %

Shares of Nicolet Bankshares stock opened at $102.91 on Thursday. The firm has a market cap of $1.54 billion, a PE ratio of 13.09 and a beta of 0.76. Nicolet Bankshares, Inc. has a 1 year low of $71.51 and a 1 year high of $105.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a fifty day moving average price of $97.05 and a 200-day moving average price of $88.86.

Nicolet Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.09%. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 14.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new stake in shares of Nicolet Bankshares in the 2nd quarter worth approximately $67,000. EntryPoint Capital LLC raised its stake in shares of Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after buying an additional 543 shares during the period. Blair William & Co. IL purchased a new position in shares of Nicolet Bankshares during the 1st quarter valued at $201,000. ProShare Advisors LLC bought a new position in shares of Nicolet Bankshares during the 1st quarter worth $203,000. Finally, SG Americas Securities LLC purchased a new stake in Nicolet Bankshares in the 3rd quarter worth about $412,000. 43.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Piper Sandler raised their price objective on Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Maxim Group raised their price target on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Stephens upped their price objective on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $106.00.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin and Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.