Nicolet Bankshares, Inc. (NYSE:NIC – Get Free Report) Director Robert Bruce Atwell sold 2,908 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $103.22, for a total value of $300,163.76. Following the completion of the transaction, the director now directly owns 35,815 shares of the company’s stock, valued at approximately $3,696,824.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Nicolet Bankshares Trading Up 0.6 %
NIC stock traded up $0.61 during mid-day trading on Tuesday, hitting $100.72. 19,863 shares of the company were exchanged, compared to its average volume of 40,358. Nicolet Bankshares, Inc. has a 12-month low of $63.58 and a 12-month high of $105.00. The firm has a market capitalization of $1.50 billion, a P/E ratio of 15.43 and a beta of 0.76. The business has a fifty day simple moving average of $95.41 and a 200-day simple moving average of $87.85. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.15.
Nicolet Bankshares Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nicolet Bankshares’s payout ratio is 17.26%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Maxim Group lifted their target price on shares of Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Stephens increased their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Finally, Piper Sandler lifted their price target on Nicolet Bankshares from $86.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Three equities 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, Nicolet Bankshares has a consensus rating of “Hold” and a consensus price target of $106.00.
Get Our Latest Stock Analysis on Nicolet Bankshares
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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