Nicolet Bankshares, Inc. (NYSE:NIC – Get Free Report) EVP Brad Vincent Hutjens sold 200 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $101.85, for a total value of $20,370.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at $2,716,746.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Nicolet Bankshares Stock Performance
Shares of NIC stock traded up $0.99 during trading hours on Thursday, reaching $102.83. 66,025 shares of the company traded hands, compared to its average volume of 40,884. The firm has a 50-day moving average price of $96.01 and a 200 day moving average price of $88.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares, Inc. has a 12-month low of $63.58 and a 12-month high of $105.00. The company has a market cap of $1.54 billion, a P/E ratio of 15.80 and a beta of 0.76.
Nicolet Bankshares Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.28 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.09%. Nicolet Bankshares’s dividend payout ratio is presently 17.26%.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several research analysts have issued reports on NIC shares. Stephens raised their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Piper Sandler lifted their price objective on Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Finally, Maxim Group lifted their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $106.00.
Get Our Latest Analysis on NIC
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.
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