Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens Sells 4,500 Shares

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $110.90, for a total value of $499,050.00. Following the completion of the sale, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $2,958,146.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Brad Vincent Hutjens also recently made the following trade(s):

• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The shares were sold at an average price of $112.35, for a total value of $1,011,150.00.
• On Wednesday, November 6th, Brad Vincent Hutjens sold 13,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $106.35, for a total transaction of $1,435,725.00.
• On Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total transaction of $468,996.00.
• On Friday, October 25th, Brad Vincent Hutjens sold 1,079 shares of Nicolet Bankshares stock. The shares were sold at an average price of $102.85, for a total transaction of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The stock was sold at an average price of $101.85, for a total value of $20,370.00.

Nicolet Bankshares Trading Down 0.4 %

Shares of Nicolet Bankshares stock opened at $113.76 on Wednesday. The business has a fifty day simple moving average of $98.59 and a 200-day simple moving average of $90.48. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 14.49 and a beta of 0.75. Nicolet Bankshares, Inc. has a fifty-two week low of $71.64 and a fifty-two week high of $115.22. 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 earnings results on Tuesday, October 15th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.13. The business had revenue of $91.24 million for the quarter, compared to the consensus estimate of $86.50 million. Nicolet Bankshares had a net margin of 23.35% and a return on equity of 10.56%. On average, equities analysts forecast that Nicolet Bankshares, Inc. will post 7.74 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is 14.25%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Maxim Group lifted their target price on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Stephens upped their price objective on shares of Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, Piper Sandler raised their target price on shares of Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $106.00.

Hedge Funds Weigh In On Nicolet Bankshares

A number of institutional investors have recently bought and sold shares of NIC. Fisher Asset Management LLC boosted its holdings in shares of Nicolet Bankshares by 7.9% in the third quarter. Fisher Asset Management LLC now owns 14,978 shares of the company’s stock worth $1,432,000 after buying an additional 1,092 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Nicolet Bankshares by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock valued at $11,132,000 after acquiring an additional 3,650 shares in the last quarter. Quest Partners LLC boosted its stake in Nicolet Bankshares by 858.0% in the 3rd quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock worth $279,000 after purchasing an additional 2,617 shares during the period. Los Angeles Capital Management LLC purchased a new position in Nicolet Bankshares during the 3rd quarter worth approximately $528,000. Finally, Creative Planning lifted its holdings in shares of Nicolet Bankshares by 6.6% in the third quarter. Creative Planning now owns 12,484 shares of the company’s stock valued at $1,194,000 after purchasing an additional 777 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.

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.