Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells $364,950.30 in Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,102 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $117.65, for a total transaction of $364,950.30. Following the completion of the transaction, the director now owns 33,816 shares of the company’s stock, valued at approximately $3,978,452.40. This trade represents a 8.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, February 12th, Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock. The stock was sold at an average price of $118.08, for a total transaction of $469,368.00.
• On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.05, for a total transaction of $16,507.50.
• 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 shares were sold at an average price of $113.00, for a total transaction of $389,398.00.

Nicolet Bankshares Stock Up 1.0 %

Shares of NYSE NIC opened at $119.84 on Friday. Nicolet Bankshares, Inc. has a 1 year low of $75.24 and a 1 year high of $120.25. The firm’s 50 day moving average price is $110.87 and its 200 day moving average price is $104.95. The firm has a market cap of $1.82 billion, a P/E ratio of 14.92 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last announced its earnings results 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 anticipate that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Monday, March 10th. Nicolet Bankshares’s dividend payout ratio is currently 13.95%.

Hedge Funds Weigh In On Nicolet Bankshares

Hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new position in shares of Nicolet Bankshares in the 3rd quarter valued at $528,000. Barclays PLC increased its position in shares of Nicolet Bankshares by 170.7% in the 3rd quarter. Barclays PLC now owns 23,978 shares of the company’s stock worth $2,291,000 after purchasing an additional 15,121 shares during the last quarter. State Street Corp increased its position 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 worth $36,507,000 after purchasing an additional 13,772 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Nicolet Bankshares by 111.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,818 shares of the company’s stock worth $3,138,000 after purchasing an additional 17,314 shares during the last quarter. Finally, Verus Wealth Management LLC bought a new stake in shares of Nicolet Bankshares during the 4th quarter valued at about $551,000. Hedge funds and other institutional investors own 43.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NIC. Keefe, Bruyette & Woods upped their target price on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, January 23rd. Maxim Group increased 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 shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $119.00.

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.