Insider Selling: Nicolet Bankshares, Inc. (NYSE:NIC) EVP Sells 200 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) EVP Brad Vincent Hutjens sold 200 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $101.85, for a total value of $20,370.00. Following the completion of the transaction, the executive vice president now directly owns 26,674 shares in the company, valued at $2,716,746.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Nicolet Bankshares Stock Performance

Shares of NIC stock traded up $0.99 during trading hours on Thursday, reaching $102.83. 66,025 shares of the company traded hands, compared to its average volume of 40,884. The firm has a 50-day moving average price of $96.01 and a 200 day moving average price of $88.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. Nicolet Bankshares, Inc. has a 12-month low of $63.58 and a 12-month high of $105.00. The company has a market cap of $1.54 billion, a P/E ratio of 15.80 and a beta of 0.76.

Nicolet Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.28 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.09%. Nicolet Bankshares’s dividend payout ratio is presently 17.26%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Anchor Capital Advisors LLC lifted its holdings in Nicolet Bankshares by 0.8% in the 1st quarter. Anchor Capital Advisors LLC now owns 21,936 shares of the company’s stock worth $1,886,000 after purchasing an additional 167 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Nicolet Bankshares by 0.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,556 shares of the company’s stock worth $3,783,000 after purchasing an additional 192 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Nicolet Bankshares by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,262 shares of the company’s stock worth $883,000 after purchasing an additional 469 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in Nicolet Bankshares by 97.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,101 shares of the company’s stock worth $95,000 after purchasing an additional 543 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Nicolet Bankshares by 9.9% in the 2nd quarter. Principal Financial Group Inc. now owns 6,167 shares of the company’s stock worth $512,000 after acquiring an additional 555 shares during the last quarter. 43.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NIC shares. Stephens raised their target price on Nicolet Bankshares from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Piper Sandler lifted their price objective on Nicolet Bankshares from $86.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Finally, Maxim Group lifted their price objective on Nicolet Bankshares from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Three 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, the stock currently has an average rating of “Hold” and a consensus price target 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.