Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $280,263.00 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 2,721 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $103.00, for a total value of $280,263.00. Following the transaction, the director now owns 33,315 shares of the company’s stock, valued at approximately $3,431,445. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Robert Bruce Atwell also recently made the following trade(s):

• On Wednesday, October 30th, Robert Bruce Atwell sold 14,171 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.00, for a total value of $1,459,613.00.
• On Tuesday, October 22nd, Robert Bruce Atwell sold 2,500 shares of Nicolet Bankshares stock. The shares were sold at an average price of $101.01, for a total value of $252,525.00.
• On Friday, October 18th, Robert Bruce Atwell sold 2,908 shares of Nicolet Bankshares stock. The stock was sold at an average price of $103.22, for a total transaction of $300,163.76.

Nicolet Bankshares Stock Down 0.7 %

Shares of NYSE:NIC opened at $100.99 on Friday. Nicolet Bankshares, Inc. has a fifty-two week low of $71.51 and a fifty-two week high of $105.00. The firm’s 50 day moving average price is $97.29 and its 200 day moving average price is $89.11. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 12.85 and a beta of 0.76.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.11%. Nicolet Bankshares’s payout ratio is 14.25%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Nicolet Bankshares

Institutional investors and hedge funds have recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in Nicolet Bankshares in the second quarter valued at $67,000. EntryPoint Capital LLC increased its holdings in shares of Nicolet Bankshares by 97.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock valued at $95,000 after acquiring an additional 543 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of Nicolet Bankshares during the 1st quarter worth about $201,000. ProShare Advisors LLC purchased a new stake in Nicolet Bankshares during the first quarter worth approximately $203,000. Finally, SG Americas Securities LLC acquired a new position in Nicolet Bankshares in the third quarter valued at approximately $412,000. Institutional investors and hedge funds own 43.06% of the company’s stock.

About Nicolet Bankshares

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.