Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells 3,975 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $118.08, for a total transaction of $469,368.00. Following the completion of the sale, the director now directly owns 30,317 shares in the company, valued at approximately $3,579,831.36. This represents a 11.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The shares were sold at an average price of $110.05, for a total value of $16,507.50.
• 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 value 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 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 Price Performance

Shares of NYSE NIC traded up $0.64 during mid-day trading on Thursday, reaching $118.67. 31,954 shares of the company were exchanged, compared to its average volume of 49,536. Nicolet Bankshares, Inc. has a 52 week low of $74.47 and a 52 week high of $118.84. The company’s 50 day moving average price is $109.01 and its 200 day moving average price is $102.89. The stock has a market capitalization of $1.80 billion, a PE ratio of 14.79 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 announced its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a return on equity of 10.95% and a net margin of 23.83%. Sell-side analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio (DPR) is presently 13.95%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NIC. Piper Sandler boosted their price objective on Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, January 23rd. Finally, Maxim Group boosted their target price on Nicolet Bankshares from $124.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Three 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 stock has an average rating of “Hold” and an average target price of $119.00.

Institutional Investors Weigh In On Nicolet Bankshares

Hedge funds have recently made changes to their positions in the business. Anchor Capital Advisors LLC raised its position in Nicolet Bankshares by 0.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company’s stock worth $2,450,000 after purchasing an additional 97 shares during the period. Envestnet Asset Management Inc. boosted its position in Nicolet Bankshares by 2.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,815 shares of the company’s stock valued at $610,000 after buying an additional 157 shares during the period. Sterling Capital Management LLC grew its stake in shares of Nicolet Bankshares by 748.7% during the fourth quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock valued at $35,000 after buying an additional 292 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Nicolet Bankshares by 1.5% in the fourth quarter. Rhumbline Advisers now owns 19,955 shares of the company’s stock worth $2,093,000 after buying an additional 299 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Nicolet Bankshares by 1.5% in the 4th quarter. Swiss National Bank now owns 26,600 shares of the company’s stock valued at $2,791,000 after acquiring an additional 400 shares during the last quarter. 43.06% of the stock is currently owned by institutional investors.

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.