Brad Vincent Hutjens Sells 4,560 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 4,560 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $102.85, for a total value of $468,996.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at approximately $2,743,420.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 value of $110,975.15.
• On Wednesday, October 23rd, Brad Vincent Hutjens sold 200 shares of Nicolet Bankshares stock. The shares were sold at an average price of $101.85, for a total value of $20,370.00.

Nicolet Bankshares Stock Performance

Shares of NYSE:NIC traded up $0.24 during trading hours on Wednesday, hitting $102.93. The stock had a trading volume of 58,691 shares, compared to its average volume of 41,083. The stock’s fifty day simple moving average is $96.84 and its 200 day simple moving average is $88.76. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 13.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares, Inc. has a 1-year low of $71.51 and a 1-year high of $105.00.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.09%. The ex-dividend date was Tuesday, September 3rd. Nicolet Bankshares’s dividend payout ratio is currently 14.25%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new position in shares of Nicolet Bankshares during the second quarter valued at $67,000. EntryPoint Capital LLC lifted its holdings in Nicolet Bankshares by 97.3% in the first quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after purchasing an additional 543 shares during the period. Blair William & Co. IL bought a new position in Nicolet Bankshares in the 1st quarter valued at about $201,000. ProShare Advisors LLC acquired a new position in Nicolet Bankshares during the 1st quarter valued at about $203,000. Finally, SG Americas Securities LLC bought a new stake in shares of Nicolet Bankshares during the 3rd quarter worth about $412,000. Institutional investors and hedge funds 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.