Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell Sells 3,102 Shares

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,102 shares of Nicolet Bankshares 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 transaction, the director now owns 33,816 shares in the company, valued at $3,978,452.40. This represents a 8.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value 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 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 shares were 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 stock was sold at an average price of $113.00, for a total transaction of $389,398.00.

Nicolet Bankshares Price Performance

Shares of NIC stock traded down $0.46 during mid-day trading on Wednesday, hitting $117.42. The company had a trading volume of 51,768 shares, compared to its average volume of 50,205. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50 day moving average price is $110.09 and its 200-day moving average price is $104.52. Nicolet Bankshares, Inc. has a 52-week low of $75.24 and a 52-week high of $120.25. The company has a market capitalization of $1.79 billion, a P/E ratio of 14.62 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Equities research analysts forecast that Nicolet Bankshares, Inc. will post 8.18 earnings per share for the current year.

Nicolet Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Monday, March 10th. Nicolet Bankshares’s dividend payout ratio is presently 13.95%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd. Piper Sandler increased their price target on Nicolet Bankshares from $119.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Maxim Group boosted their price objective on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $119.00.

Institutional Trading of Nicolet Bankshares

A number of large investors have recently added to or reduced their stakes in NIC. Dimensional Fund Advisors LP grew its holdings in shares of Nicolet Bankshares by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,740 shares of the company’s stock valued at $67,325,000 after purchasing an additional 21,819 shares in the last quarter. FMR LLC lifted its position in Nicolet Bankshares by 0.5% during the third quarter. FMR LLC now owns 589,766 shares of the company’s stock valued at $56,399,000 after purchasing an additional 2,654 shares during the last quarter. State Street Corp grew 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 worth $36,507,000 after buying an additional 13,772 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Nicolet Bankshares by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 303,391 shares of the company’s stock worth $29,019,000 after buying an additional 4,911 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Nicolet Bankshares by 5.1% during the 4th quarter. Janus Henderson Group PLC now owns 180,218 shares of the company’s stock valued at $18,907,000 after buying an additional 8,698 shares in the last quarter. Institutional investors own 43.06% of the company’s stock.

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.