Brad Vincent Hutjens Sells 4,500 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 4,500 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $110.90, for a total transaction of $499,050.00. Following the completion of the sale, the executive vice president now owns 26,674 shares of the company’s stock, valued at approximately $2,958,146.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The stock was 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 shares were sold at an average price of $106.35, for a total value 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 value 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 shares were sold at an average price of $101.85, for a total transaction of $20,370.00.

Nicolet Bankshares Stock Down 0.4 %

NIC stock opened at $113.76 on Wednesday. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 14.49 and a beta of 0.75. The company has a 50-day moving average of $98.59 and a two-hundred day moving average of $90.48. Nicolet Bankshares, Inc. has a 52-week low of $71.64 and a 52-week high of $115.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

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

Nicolet Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.98%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s payout ratio is currently 14.25%.

Wall Street Analyst Weigh In

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

Institutional Trading of Nicolet Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of NIC. Rothschild Investment LLC bought a new stake in shares of Nicolet Bankshares in the second quarter valued at about $67,000. EntryPoint Capital LLC raised its holdings in 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 in the last quarter. Blair William & Co. IL bought a new stake in shares of Nicolet Bankshares in the 1st quarter worth approximately $201,000. ProShare Advisors LLC bought a new stake in shares of Nicolet Bankshares in the 1st quarter worth approximately $203,000. Finally, Quest Partners LLC increased its position in shares of Nicolet Bankshares by 858.0% during the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after purchasing an additional 2,617 shares during the period. 43.06% of the stock is currently owned by institutional investors and hedge funds.

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.