Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) Director Sells 1,000 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Susan L. Merkatoris sold 1,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $111.27, for a total transaction of $111,270.00. Following the completion of the sale, the director now owns 82,218 shares of the company’s stock, valued at approximately $9,148,396.86. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Nicolet Bankshares Stock Down 0.0 %

NIC stock traded down $0.04 during mid-day trading on Wednesday, hitting $110.40. 29,808 shares of the company were exchanged, compared to its average volume of 46,285. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. Nicolet Bankshares, Inc. has a 1-year low of $73.00 and a 1-year high of $116.17. The firm’s 50 day simple moving average is $108.29 and its 200 day simple moving average is $101.65. The firm has a market cap of $1.68 billion, a P/E ratio of 13.75 and a beta of 0.77.

Nicolet Bankshares (NYSE:NIC) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. On average, sell-side analysts predict that Nicolet Bankshares, Inc. will post 8.1 EPS for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.28 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. Nicolet Bankshares’s dividend payout ratio is currently 13.95%.

Institutional Investors Weigh In On Nicolet Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of NIC. SG Americas Securities LLC acquired a new position in Nicolet Bankshares during the third quarter worth $412,000. Creative Planning boosted its stake in shares of Nicolet Bankshares by 6.6% during the 3rd quarter. Creative Planning now owns 12,484 shares of the company’s stock worth $1,194,000 after buying an additional 777 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Nicolet Bankshares in the 3rd quarter valued at about $528,000. Quest Partners LLC increased its position in shares of Nicolet Bankshares by 858.0% in the third quarter. Quest Partners LLC now owns 2,922 shares of the company’s stock valued at $279,000 after acquiring an additional 2,617 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Nicolet Bankshares by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 116,409 shares of the company’s stock worth $11,132,000 after acquiring an additional 3,650 shares in the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Analyst Ratings Changes

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

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.