Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell Sells 150 Shares

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 150 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $110.05, for a total transaction of $16,507.50. Following the completion of the transaction, the director now owns 30,317 shares of the company’s stock, valued at approximately $3,336,385.85. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was 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 stock was sold at an average price of $113.00, for a total value of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total value 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 value of $1,540.00.

Nicolet Bankshares Stock Up 1.1 %

Nicolet Bankshares stock opened at $111.76 on Friday. The company has a market capitalization of $1.70 billion, a PE ratio of 13.92 and a beta of 0.77. Nicolet Bankshares, Inc. has a 12-month low of $73.00 and a 12-month high of $116.17. The firm’s fifty day moving average is $108.31 and its 200 day moving average is $101.77. 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 released its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. As a group, sell-side analysts predict that Nicolet Bankshares, Inc. will post 8.1 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. Nicolet Bankshares’s dividend payout ratio is 13.95%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Nicolet Bankshares

A number of institutional investors have recently modified their holdings of NIC. New York State Teachers Retirement System bought a new stake in Nicolet Bankshares during the 4th quarter valued at $128,000. Quantbot Technologies LP bought a new stake in shares of Nicolet Bankshares during the third quarter worth about $155,000. Virtu Financial LLC acquired a new stake in shares of Nicolet Bankshares in the 3rd quarter worth about $264,000. Quest Partners LLC lifted its position in Nicolet Bankshares by 858.0% in the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after acquiring an additional 2,617 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Nicolet Bankshares by 31.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,269 shares of the company’s stock valued at $408,000 after purchasing an additional 1,010 shares during the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

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.