Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $16,507.50 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 150 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $110.05, for a total value of $16,507.50. Following the completion of the sale, the director now owns 30,317 shares in the company, valued at $3,336,385.85. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total transaction of $859,817.00.
• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total transaction of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $389,398.00.
• On Thursday, November 7th, Robert Bruce Atwell sold 14 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.00, for a total transaction of $1,540.00.

Nicolet Bankshares Stock Up 0.4 %

Shares of NIC opened at $110.71 on Friday. Nicolet Bankshares, Inc. has a fifty-two week low of $73.00 and a fifty-two week high of $116.17. The company’s fifty day moving average is $108.31 and its two-hundred day moving average is $101.71. The firm has a market cap of $1.68 billion, a PE ratio of 13.79 and a beta of 0.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Analysts forecast that Nicolet Bankshares, Inc. will post 8.1 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, December 2nd. Nicolet Bankshares’s payout ratio is currently 13.95%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Maxim Group boosted their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Piper Sandler upped their target price on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $119.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NIC. FMR LLC increased its position in shares of Nicolet Bankshares by 0.5% in the third quarter. FMR LLC now owns 589,766 shares of the company’s stock worth $56,399,000 after acquiring an additional 2,654 shares in the last quarter. State Street Corp raised its stake in shares of Nicolet Bankshares by 3.7% in the 3rd quarter. State Street Corp now owns 381,755 shares of the company’s stock valued at $36,507,000 after acquiring an additional 13,772 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Nicolet Bankshares by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock valued at $29,019,000 after acquiring an additional 4,911 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Nicolet Bankshares by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock worth $11,132,000 after purchasing an additional 3,650 shares during the period. Finally, Merit Financial Group LLC increased its holdings in Nicolet Bankshares by 1.7% in the 4th quarter. Merit Financial Group LLC now owns 34,543 shares of the company’s stock valued at $3,624,000 after purchasing an additional 592 shares in the last quarter. Hedge funds and other institutional investors 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.