Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells $663,080.04 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 5,838 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $113.58, for a total value of $663,080.04. Following the sale, the executive vice president now directly owns 29,593 shares in the company, valued at $3,361,172.94. This represents a 16.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, November 22nd, Brad Vincent Hutjens sold 1,516 shares of Nicolet Bankshares stock. The stock was sold at an average price of $112.85, for a total value of $171,080.60.
• On Wednesday, November 13th, Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock. The shares were sold at an average price of $115.30, for a total value of $691,800.00.
• On Friday, November 8th, Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.90, for a total value of $499,050.00.
• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The shares were sold at an average price of $112.35, for a total transaction of $1,011,150.00.
• On Wednesday, November 6th, Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $106.35, for a total transaction of $1,435,725.00.
• On Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The stock was sold at an average price of $102.85, for a total transaction of $468,996.00.
• 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 Price Performance

Shares of NYSE NIC opened at $113.34 on Friday. The stock has a market cap of $1.72 billion, a P/E ratio of 14.42 and a beta of 0.75. Nicolet Bankshares, Inc. has a twelve month low of $72.70 and a twelve month high of $116.17. The stock has a 50 day moving average of $102.68 and a two-hundred day moving average of $93.24. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last released its quarterly earnings results on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. The firm had revenue of $91.24 million during the quarter, compared to the consensus estimate of $86.50 million. On average, research analysts forecast that Nicolet Bankshares, Inc. will post 7.74 earnings per share for the current year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.99%. Nicolet Bankshares’s dividend payout ratio (DPR) is 14.25%.

Analyst Upgrades and Downgrades

Separately, Maxim Group increased their price target on shares of 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $106.00.

Hedge Funds Weigh In On Nicolet Bankshares

Several institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its position in Nicolet Bankshares by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock worth $3,783,000 after acquiring an additional 192 shares during the period. Price T Rowe Associates Inc. MD grew its position in Nicolet Bankshares by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,262 shares of the company’s stock valued at $883,000 after buying an additional 469 shares during the last quarter. Principal Financial Group Inc. increased its stake in Nicolet Bankshares by 9.9% in the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock valued at $512,000 after buying an additional 555 shares during the period. Creative Planning raised its position in Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock worth $1,194,000 after buying an additional 777 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Nicolet Bankshares in the 2nd quarter worth $67,000. 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.