Brad Vincent Hutjens Sells 5,838 Shares of Nicolet Bankshares, Inc. (NYSE:NIC) Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 5,838 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $113.58, for a total transaction of $663,080.04. Following the sale, the executive vice president now directly owns 29,593 shares of the company’s stock, valued at approximately $3,361,172.94. This trade represents a 16.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, November 22nd, Brad Vincent Hutjens sold 1,516 shares of Nicolet Bankshares stock. The stock was sold at an average price of $112.85, for a total transaction of $171,080.60.
• On Wednesday, November 13th, Brad Vincent Hutjens sold 6,000 shares of Nicolet Bankshares stock. The stock was sold at an average price of $115.30, for a total value of $691,800.00.
• On Friday, November 8th, Brad Vincent Hutjens sold 4,500 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.90, for a total value of $499,050.00.
• On Monday, November 11th, Brad Vincent Hutjens sold 9,000 shares of Nicolet Bankshares stock. The stock was 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 value of $1,435,725.00.
• On Monday, October 28th, Brad Vincent Hutjens sold 4,560 shares of Nicolet Bankshares stock. The stock was sold at an average price of $102.85, for a total value 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 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 NIC opened at $113.49 on Thursday. The business’s fifty day moving average price is $102.40 and its 200 day moving average price is $93.09. Nicolet Bankshares, Inc. has a 12-month low of $72.70 and a 12-month high of $116.17. The stock has a market capitalization of $1.73 billion, a PE ratio of 14.44 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Nicolet Bankshares (NYSE:NIC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.13. Nicolet Bankshares had a return on equity of 10.56% and a net margin of 23.35%. The firm had revenue of $91.24 million for the quarter, compared to analysts’ expectations of $86.50 million. Equities research analysts forecast that Nicolet Bankshares, Inc. will post 7.74 EPS for the current year.

Nicolet Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.99%. The ex-dividend date is Monday, December 2nd. Nicolet Bankshares’s dividend payout ratio is presently 14.25%.

Institutional Investors Weigh In On Nicolet Bankshares

Several large investors have recently added to or reduced their stakes in NIC. ProShare Advisors LLC acquired a new stake in Nicolet Bankshares in the first quarter worth $203,000. Vanguard Group Inc. increased its position in Nicolet Bankshares by 1.2% in the first quarter. Vanguard Group Inc. now owns 705,938 shares of the company’s stock worth $60,704,000 after buying an additional 8,213 shares during the period. Price T Rowe Associates Inc. MD increased its position in Nicolet Bankshares by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,262 shares of the company’s stock worth $883,000 after buying an additional 469 shares during the period. Janus Henderson Group PLC increased its position in Nicolet Bankshares by 2,480.2% in the first quarter. Janus Henderson Group PLC now owns 163,919 shares of the company’s stock worth $14,094,000 after buying an additional 157,566 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Nicolet Bankshares by 0.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock worth $3,783,000 after buying an additional 192 shares during the period. 43.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Maxim Group increased 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $106.00.

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.